HSBC plans three-year SelectInvest notes with cap tied to Russell 2000

By Susanna Moon

Chicago, Dec. 31 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Jan. 27, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of 29%.

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 will price on Jan. 22 and settle on Jan. 27.

The Cusip number is 42433BWP9.

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