Published on 1/26/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3,000 one-year SelectInvest notes on iShares MSCI EM ETF
By Jennifer Chiou
New York, Jan. 26 – HSBC USA Inc. priced $3,000 of 0% SelectInvest debt securities due Jan. 27, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is greater than zero, the payout at maturity will be par plus the fund return, subject to a maximum return of 11%.
If the fund declines by 10% or less, the payout will be par. If the fund declines by more than 10%, investors will lose 1% for every 1% that the fund return is below negative 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | SelectInvest debt securities
|
| Underlying ETF: | iShares MSCI Emerging Markets
|
| Amount: | $3,000
|
| Maturity: | Jan. 27, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is greater than zero, par plus fund return, subject to maximum return of 11%; if fund declines by 10% or less, par; otherwise, 1% loss for every 1% that fund return is below negative 10%
|
| Initial fund level: $41.07
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | Up to 0.4%
|
| Cusip: | 40433BWU8
|
|
|
© 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.
