By William Gullotti
Buffalo, N.Y., July 28 – HSBC Bank plc priced $3.15 million of 0% capped leveraged buffered index-linked notes due Sept. 10, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index gain, capped at par plus 25.76%.
Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC Bank plc
|
| Issue: | Capped leveraged buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3.15 million
|
| Maturity: | Sept. 10, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 25.76%; par if index declines by 15% or less; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
|
| Initial level: | 4,536.34
|
| Buffer level: | 85% of initial level
|
| Pricing date: | July 21
|
| Settlement date: | July 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40442B2Y2
|
|
|
|
|
© 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.
