New Issue: HSBC prices $19,000 SelectInvest notes on iShares MSCI Emerging Markets

By Marisa Wong

Madison, Wis., May 30 - HSBC USA Inc. priced $19,000 of 0% SelectInvest debt securities due May 30, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is greater than zero, the payout at maturity will be par plus the fund return, subject to a maximum return of 44%. If the fund declines by 25% or less, the payout will be par. If the fund declines by more than 25%, investors will lose 1% for every 1% that the fund return is below negative 25%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	SelectInvest debt securities
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$19,000
Maturity:	May 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is greater than zero, par plus fund return, subject to maximum return of 44%; if fund declines by 25% or less, par; otherwise, 1% loss for every 1% that fund return is below negative 25%
Initial price:	$42.77
Pricing date:	May 27
Settlement date:	May 30
Agent:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	40432XZM6

© 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.