HSBC plans three-year SelectInvest notes with cap tied to Russell 2000

By Susanna Moon

Chicago, Dec. 3 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Dec. 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 23%.

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 will price on Dec. 19 and settle on Dec. 24.

The Cusip number is 40433BUK2.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.