New Issue: HSBC prices $2.49 million digital index-linked notes linked to S&P 500

Chicago, June 22 – HSBC Bank plc priced $2.49 million of 0% digital index-linked notes due Oct. 30, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% of its initial level, the payout at maturity will be par plus 13.77%.

Otherwise, investors will lose 1.1765% for each 1% decline beyond the 15% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC Bank plc
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$2,490,000
Maturity:	Oct. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above 85% of initial level, par plus 13.77%; otherwise, 1.1765% loss for each 1% decline beyond 15% buffer
Initial level:	4,179.83
Buffer level:	85% of initial level
Pricing date:	May 31
Settlement date:	June 7
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40442B2H9

© 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.