New Issue: HSBC prices $20.54 million leveraged buffered capped basket-linked notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Oct. 2 – HSBC Bank plc priced $20.54 million of leveraged buffered capped basket-linked notes due Feb. 7, 2025, according to a 424B2 filed with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with an 9% weight.

If the basket return is positive, the payout at maturity will be par plus two times the basket return, subject to a maximum payout of par plus 25.34%.

Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

HSBC Securities (USA) LLC is the distributor.

Issuer:	HSBC Bank plc
Issue:	Leveraged buffered capped basket-linked notes
Basket components:	Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight) and S&P/ASX 200 (9% weight)
Amount:	$20,538,000
Maturity:	Feb. 7, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 200% of the basket return, capped at 25.34%; par if the basket falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
Initial levels:	4,129.18 for Euro Stoxx, 2,371.94 for Topix, 7,625.72 for FTSE, 10,953.7 for Swiss Market, 7,038.192 for S&P/ASX
Buffer level:	85% of initial level
Pricing date:	Sept. 26
Settlement date:	Oct. 3
Agent:	HSBC Securities (USA) LLC
Fees:	0%
Cusip:	40442B3V7

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