New Issue: HSBC sells $258,000 six-year SelectInvest notes tied to iShares MSCI EM

By Susanna Moon

Chicago, July 23 – HSBC USA Inc. priced $258,000 of 0% SelectInvest debt securities due July 27, 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 71%.

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.

Issuer:	HSBC USA Inc.
Issue:	SelectInvest debt securities
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$258,000
Maturity:	July 27, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any fund gain, capped at 71%; par if fund falls by up to 30%; 1% loss for every 1% drop beyond 30%
Initial level:	$44.14
Pricing date:	July 18
Settlement date:	July 25
Agent:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40433BFA1

© 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.