Published on 1/30/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.82 million capped leveraged buffered index-linked notes on EAFE
Chicago, Jan. 30 – HSBC Bank plc priced $1.82 million of 0% capped leveraged buffered index-linked notes due March 13, 2026 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 250% of the index gain, capped at par plus 30.025%.
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
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Issue: | Capped leveraged buffered index-linked notes
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Underlying index: | MSCI EAFE index
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Amount: | $1,822,000
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Maturity: | March 13, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 250% of any index gain, capped at par plus 30.025%; par if index declines by 15% or less; 1.1765% loss for every 1% that index declines beyond 15%
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Initial level: | 2,209.12
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Buffer level: | 85% of initial level
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Pricing date: | Jan. 10
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Settlement date: | Jan. 18
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40442B5A1
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