HSBC plans seven-year growth opportunity averaging CDs on the Dow

By Sarah Lizee

Olympia, Wash., Nov. 20 – HSBC Bank USA, NA plans to price 0% growth opportunity averaging certificates of deposit due Dec. 1, 2025 linked to the Dow Jones Industrial Average, according to a term sheet.

The payout at maturity will be par plus the index return, subject to a minimum return that is expected to be 11% to 13% and will be set at pricing.

The final index level will be the average of the index’s closing levels on 28 quarterly observation dates during the life of the CDs.

HSBC Securities (USA) Inc. is the agent. Incapital LLC is distributor.

The CDs will price Nov. 26

The Cusip number is 40434YV61.

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