New Issue: HSBC sells $4.96 million Accelerated Return Notes on iShares U.S. Aerospace & Defense ETF

By Wendy Van Sickle

Columbus, Ohio, July 5 – HSBC Bank plc priced $4.96 million of 0% Accelerated Return Notes due Aug. 30, 2024 linked to the iShares U.S. Aerospace & Defense ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any ETF gain, capped at par plus 13.15%. Investors will be exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:	HSBC Bank plc
Issue:	Accelerated Return Notes
Underlying ETF:	iShares U.S. Aerospace & Defense ETF
Amount:	$4,964,530
Maturity:	Aug. 30, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any ETF gain, capped at par plus 13.15%; exposure to any ETF decline
Initial value:	$116.36
Pricing date:	June 29
Settlement date:	July 7
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	44328M443

© 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.