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HSBC plans three-year SelectInvest notes with cap tied to Russell 2000
By Susanna Moon
Chicago, Dec. 3 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Dec. 26, 2017 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 23%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Dec. 19 and settle on Dec. 24.
The Cusip number is 40433BUK2.
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