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HSBC plans three-year SelectInvest notes linked to fund, indexes
By Jennifer Chiou
New York, Dec. 2 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Dec. 26, 2017 linked to a basket consisting 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 exchange-traded fund with a 10% weight, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus any basket gain, up to a maximum return of at least 32%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
The notes (Cusip: 40433BVD7) will price on Dec. 19 and settle on Dec. 24.
HSBC Securities (USA) Inc. is the agent.
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