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HSBC plans three-year SelectInvest notes linked to index, fund basket
By Susanna Moon
Chicago, Sept. 2 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Sept. 26, 2017 linked to a basket of indexes and one exchange-traded 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 at least 28%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Sept. 23 and settle on Sept. 26.
The Cusip number is 40433BMG0.
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