Published on 5/29/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $448,000 one-year SelectInvest notes tied to indexes, fund
By Jennifer Chiou
New York, May 29 - HSBC USA Inc. priced $448,000 of 0% SelectInvest debt securities due June 2, 2015 linked to a basket of indexes and one fund, according to a 424B2 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 iShares MSCI Emerging Markets ETF with a 10% weight.
The payout at maturity will be par plus any basket gain, up to a maximum return of 4%.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | SelectInvest debt securities
|
| Underlying basket: | S&P 500 index (40% weight), the Euro Stoxx 50 index (30% weight), the Russell 2000 index (20% weight) and iShares MSCI Emerging Markets ETF (10% weight)
|
| Amount: | $448,000
|
| Maturity: | June 2, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at 4%; par if basket falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial levels: | 1,911.11 for the S&P, 3,244.28 for the Euro Stoxx, 1,142.201 for the Russell and $42.77 for MSCI EM fund
|
| Pricing date: | May 27
|
| Settlement date: | May 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1%
|
| Cusip: | 40432XZD6
|
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