Published on 12/6/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $6.39 million market-linked one look notes tied to VanEck ETF
By William Gullotti
Buffalo, N.Y., Dec. 6 – HSBC Bank plc priced $6.39 million of 0% market-linked one look notes due Dec. 13, 2024 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes flat or gains, the payout at maturity will be par plus 25.8%.
Investors will be fully exposed to any ETF decline.
BofA Securities, Inc. is the underwriter.
| Issuer: | HSBC Bank plc
|
| Issue: | Market-linked one look notes
|
| Underlying fund: | VanEck Gold Miners ETF
|
| Amount: | $6,389,960
|
| Maturity: | Dec. 13, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 25.8% unless ETF finishes below its initial price, in which case full exposure to losses
|
| Initial price: | $31.32
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 7
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 1.5%
|
| Cusip: | 403954860
|
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