Published on 1/26/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $25,000 SelectInvest notes linked to Russell 2000 index
By Marisa Wong
Madison, Wis., Jan. 26 – HSBC USA Inc. priced $25,000 of 0% SelectInvest debt securities due Jan. 29, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus the index return, subject to a maximum return of 29%.
If the index declines by 15% or less, the payout will be par. If the index declines by more than 15%, investors will lose 1% for every 1% that the index return is below negative 15%.
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: | $25,000
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| Maturity: | Jan. 29, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is greater than zero, par plus index return, subject to maximum return of 29%; if index declines by 15% or less, par; otherwise, 1% loss for every 1% that index return is below negative 15%
|
| Initial index level: | 1,190.371
|
| Pricing date: | Jan. 22
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| Settlement date: | Jan. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | Up to 2%
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| Cusip: | 40433BWP9
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