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HSBC to price three-year SelectInvest notes tied to Euro Stoxx 50 index
By Marisa Wong
Madison, Wis., Sept. 2 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Sept. 26, 2017 linked to the Euro Stoxx 50 index, according to an FWP 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 at least 65%. The exact maximum return will be set at pricing.
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.
The notes are expected to price on Sept. 23 and settle on Sept. 26.
The Cusip number is 40433BMF2.
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