| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
HSBC plans one-year SelectInvest notes linked to indexes, ETF basket
By Toni Weeks
San Luis Obispo, Calif., Feb. 2 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Feb. 24, 2016 linked to a basket of one exchange-traded fund and three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes 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 the iShares MSCI Emerging Markets exchange-traded fund with a 10% weight.
If the basket return is greater than zero, the payout at maturity will be par plus the basket return, subject to a maximum return of at least 7% that will be set at pricing. If the basket declines by 10% or less, the payout will be par. If the basket declines by more than 10%, investors will lose 1% for every 1% that the basket return is below negative 10%.
The notes (Cusip: 40433BYZ5) are expected to price Feb. 19 and settle Feb. 24.
HSBC Securities (USA) Inc. is the agent.
© 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.