HSBC to price three-year SelectInvest notes linked to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., July 2 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due July 28, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of at least 28%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40433BGA0) will price July 23 and settle July 28.

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