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HSBC to price four-year SelectInvest notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., March 31 - HSBC USA Inc. plans to price 0% SelectInvest debt securities due April 25, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus the index return, subject to a maximum return of at least 38%. If the index declines by 20% or less, the payout will be par. If the index declines by more than 20%, investors will lose 1% for every 1% that the index return is below negative 20%.
The exact maximum return will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The notes will price April 17 and settle April 25.
The Cusip number is 40432XWG2.
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