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HSBC to price four-year SelectInvest notes tied to Euro Stoxx 50 index
By Toni Weeks
San Luis Obispo, Calif., June 26 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due July 25, 2018 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 100%.
If the index declines by 20% or less, the payout will be par. If the index declines by more than 20%, investors will lose 1% for every 1% that the index return is below negative 20%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on July 18 and settle on July 25.
The Cusip number is 40433BEY0.
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