Published on 6/25/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $79,000 four-year SelectInvest notes linked to S&P 500
By Susanna Moon
Chicago, June 25 – HSBC USA Inc. priced $79,000 of 0% SelectInvest debt securities due June 27, 2018 linked to the S&P 500 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 27%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | SelectInvest debt securities
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| Underlying index: | S&P 500
|
| Amount: | $79,000
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| Maturity: | June 27, 2018
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 27%; par if index falls by up to 20%; 1% loss for every 1% drop beyond 20%
|
| Pricing date: | June 20
|
| Settlement date: | June 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.65%
|
| Cusip: | 40433BCD8
|
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