By Wendy Van Sickle
Columbus, Ohio, Sept. 21 – HSBC Bank plc priced $7.04 million of 0% capped leveraged buffered index-linked notes due Aug. 13, 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 23.02%.
Investors will receive par if the index declines by 17.5% or less and will lose 1.2121% for every 1% that it declines beyond 17.5%.
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: | $7.04 million
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| Maturity: | Aug. 13, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 23.02%; par if index declines by 17.5% or less; 1.2121% loss for every 1% that index declines beyond 17.5%
|
| Initial level: | 4,450.32
|
| Buffer level: | 82.5% of initial level
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 22
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40442B3Q8
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