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HSBC plans six-year SelectInvest notes linked to Russell 2000
By Susanna Moon
Chicago, June 3 - HSBC USA Inc. plans to price 0% SelectInvest debt securities due June 29, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 80%.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline beyond 30%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 20 and settle on June 27.
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