HSBC plans six-year SelectInvest notes linked to iShares MSCI EM fund

By Susanna Moon

Chicago, June 3 - HSBC USA Inc. plans to price 0% SelectInvest debt securities due June 29, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any fund gain, up to a maximum return of 70%.

Investors will receive par if the fund falls by up to 30% and will lose 1% for every 1% decline beyond 30%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on June 20 and settle on June 27.

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