Published on 5/28/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $131,000 SelectInvest notes linked to Russell 2000
By Marisa Wong
Madison, Wis., May 28 - HSBC USA Inc. priced $131,000 of 0% SelectInvest debt securities due June 2, 2016 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 18.3%. 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 return is below negative 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | SelectInvest debt securities
|
| Underlying index: | Russell 2000
|
| Amount: | $131,000
|
| Maturity: | June 2, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than zero, par plus index return, subject to maximum return of 18.3%; if index declines by 10% or less, par; otherwise, 1% loss for every 1% that index return is below negative 10%
|
| Initial index level: | 1,126.1890
|
| Pricing date: | May 23
|
| Settlement date: | June 2
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.8%
|
| Cusip: | 40432XYV7
|
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