New Issue: HSBC sells $656,000 capped leveraged buffered index-linked notes on MSCI EAFE

By Kiku Steinfeld

Chicago, Jan. 25 – HSBC Bank plc priced $656,000 of 0% capped leveraged buffered index-linked notes due Jan. 31, 2025 linked to the MSCI EAFE 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 21.74%.

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:	MSCI EAFE index
Amount:	$656,000
Maturity:	Jan. 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 21.74%; par if index declines by 15% or less; 1.1765% loss for every 1% that index declines beyond 15%
Initial level:	2,105.72
Buffer level:	85% of initial level
Pricing date:	June 6, 2023
Settlement date:	June 13, 2023
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40442B2J5

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