New Issue: HSBC sells $2.47 million digital index-linked notes on S&P 500

Chicago, Nov. 14 – HSBC Bank plc priced $2.47 million of 0% digital index-linked notes due Feb. 4, 2026 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 80% of its initial level, the payout at maturity will be $1,187 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.25% for each 1% decline of the index beyond the 20% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC Bank plc
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$2,473,000
Maturity:	Feb. 4, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains or falls by not more than 20%, par plus 18.7%; otherwise, 1.25% loss for each 1% decline of the index beyond 20%
Initial level:	4,347.35
Downside threshold:	80% of initial level
Pricing date:	Nov. 9
Settlement date:	Nov. 16
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40442B4C8

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