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HSBC to price one-year SelectInvest notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., April 4 - HSBC USA Inc. plans to price 0% SelectInvest debt securities due April 30, 2015 linked to the Russell 2000 index, according to an FWP 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 8.5%. If the index declines by 10% or less, the payout will be par. If the index declines by more than 10%, investors will lose 1% for every 1% that the index declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price April 24 and settle April 29.
The Cusip number is 40432XX71.
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