Published on 5/30/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $19,000 SelectInvest notes on iShares MSCI Emerging Markets
By Marisa Wong
Madison, Wis., May 30 - HSBC USA Inc. priced $19,000 of 0% SelectInvest debt securities due May 30, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is greater than zero, the payout at maturity will be par plus the fund return, subject to a maximum return of 44%. If the fund declines by 25% or less, the payout will be par. If the fund declines by more than 25%, investors will lose 1% for every 1% that the fund return is below negative 25%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | SelectInvest debt securities
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Underlying fund: | iShares MSCI Emerging Markets ETF
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Amount: | $19,000
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Maturity: | May 30, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund return is greater than zero, par plus fund return, subject to maximum return of 44%; if fund declines by 25% or less, par; otherwise, 1% loss for every 1% that fund return is below negative 25%
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Initial price: | $42.77
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Pricing date: | May 27
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Settlement date: | May 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3%
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Cusip: | 40432XZM6
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