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HSBC plans three-year SelectInvest securities linked to fund, indexes
By Susanna Moon
Chicago, May 2 - HSBC USA Inc. plans to price 0% Selections due May 30, 2017 linked to a basket of indexes and one fund, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, the Euro Stoxx 50 index with a 30% weight, the Russell 2000 index with a 20% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 10% weight.
The payout at maturity will be par plus any basket gain, up to a maximum return of at least 17.5%. The exact cap will be set at pricing.
Investors will receive par if the basket 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 May 27 and settle on May 30.
The Cusip number is 40432XZJ3.
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