New Issue: HSBC prices $60.34 million autocallable Stars linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 5 – HSBC Bank plc priced $60.34 million of autocallable Strategic Accelerated Redemption Securities due June 26, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium if the closing level of the index is greater than or equal to its starting value on any annual observation date, including maturity. The call premium will be 9.4% per year.

If the notes are not called investors will lose 1% for every 1% decline.

BofA Securities, Inc. is the agent.

Issuer:	HSBC Bank plc
Issue:	Autocallable Strategic Accelerated Redemption Securities
Underlying index:	S&P 500 index
Amount:	$60,338,940
Maturity:	June 26, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If notes are not called, 1% loss for each 1% decline
Call:	Notes will be called at par plus a premium if the closing level of the index is greater than or equal to its starting value on any annual observation date including maturity; call premium will be 9.4% per year
Initial level:	4,396.44
Pricing date:	June 29
Settlement date:	July 7
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	44328M419

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