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HSBC plans five-year SelectInvest notes linked to Russell 2000
By Susanna Moon
Chicago, July 29 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Aug. 29, 2019 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 61.5%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Aug. 22 and settle on Aug. 29.
The Cusip number is 40433BHL5.
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