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HSBC to price five-year SelectInvest notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., June 6 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due July 1, 2019 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 46%. If the index declines by 25% or less, the payout will be par. If the index declines by more than 25%, investors will lose 1% for every 1% that the index return is below negative 25%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price June 25 and settle June 30.
The Cusip number is 40433BCV8.
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