Published on 6/25/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $110,000 six-year SelectInvest notes linked to Russell 2000
By Susanna Moon
Chicago, June 25 – HSBC USA Inc. priced $110,000 of 0% SelectInvest debt securities due June 29, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 80%.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline beyond 30%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | SelectInvest debt securities
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| Underlying index: | Russell 2000
|
| Amount: | $110,000
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| Maturity: | June 29, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 80%; par if index falls by up to 30%; 1% loss for every 1% drop beyond 30%
|
| Pricing date: | June 20
|
| Settlement date: | June 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40433BCF3
|
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