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HSBC plans to price one-year SelectInvest notes linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., June 5 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due July 1, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 5%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40433BCZ9) will price June 25 and settle June 30.
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