Published on 9/24/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $15,000 three-year SelectInvest notes tied to Russell 2000
By Susanna Moon
Chicago, Sept. 24 – HSBC USA Inc. priced $15,000 of 0% SelectInvest debt securities due Sept. 26, 2017 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 37%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | SelectInvest debt securities
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| Underlying index: | Russell 2000
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| Amount: | $15,000
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| Maturity: | Sept. 26, 2017
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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 37%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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| Initial index level: | 1,146.92
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| Pricing date: | Sept. 19
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| Settlement date: | Sept. 26
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 2.35%
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| Cusip: | 40433BLD8
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