New Issue: HSBC prices $35,000 three-year SelectInvest notes tied to iShares MSCI EM

By Susanna Moon

Chicago, Aug. 26 – HSBC USA Inc. priced $35,000 of 0% SelectInvest debt securities due Aug. 28, 2017 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 20.5%.

Investors will receive par if the fund falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	SelectInvest debt securities
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$35,000
Maturity:	Aug. 28, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any fund gain, capped at 20.5%; par if fund falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial level:	$44.75
Pricing date:	Aug. 22
Settlement date:	Aug. 27
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40433BHZ4

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