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HSBC to price three-year SelectInvest notes linked to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., Dec. 3 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Dec. 26, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of at least 32%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40433BVA3) will price Dec. 19 and settle Dec. 24.
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