| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item |
HSBC to price three-year SelectInvest notes linked to iShares MSCI EM
By Angela McDaniels
Tacoma, Wash., Sept. 3 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Sept. 26, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par plus the ETF return, subject to a maximum return of at least 20.5%. The exact maximum return will be set at pricing. If the ETF declines by 15% or less, the payout will be par. If the ETF declines by more than 15%, investors will lose 1% for every 1% that the ETF return is below negative 15%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price Sept. 23 and settle Sept. 26.
The Cusip number is 40433BLP1.
© 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.