HSBC plans one-year SelectInvest notes linked to fund, indexes

By Susanna Moon

Chicago, Oct. 30 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Nov. 24, 2015 linked to a basket of one fund and three indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 40% weight, the Euro Stoxx 50 index with a 30% weight, the Russell 2000 index with a 20% weight and iShares MSCI Emerging Markets exchange-traded fund with a 10% weight.

The payout at maturity will be par plus any basket gain, up to a maximum return of 7%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Nov. 19 and settle on Nov. 24.

The Cusip number is 40433BSE9.

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