New Issue: HSBC prices $30.24 million autocallable Stars tied to basket of financial sector stocks

By William Gullotti

Buffalo, N.Y., April 1 – HSBC Bank plc priced $30.24 million autocallable Strategic Accelerated Redemption Securities due March 29, 2027 linked to a basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Goldman Sachs Group, Inc. with a 33.34% weight, JPMorgan Chase & Co. with a 33.33% weight and Morgan Stanley with a 33.33% weight.

The notes will be automatically called at an annualized call premium of 14.25% if the closing level of the basket is greater than or equal to its initial level on any annual valuation date, including maturity.

If the notes are not called, investors will lose 1% for each 1% decline in the basket.

BofA Securities, Inc. is the agent.

Issuer:	HSBC Bank plc
Issue:	Autocallable Strategic Accelerated Redemption Securities
Underlying stocks:	Goldman Sachs Group, Inc. (33.34% weight), JPMorgan Chase & Co. (33.33% weight), Morgan Stanley (33.33% weight)
Amount:	$30,240,680
Maturity:	March 29, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Full exposure to loss
Call:	At par plus 14.25% annualized if the closing level of the basket is greater than or equal to its initial value on any annual valuation date, including maturity
Initial levels:	$415.25 for Goldman Sachs, $199.52 for JPMorgan, $93.50 for Morgan Stanley
Pricing date:	March 27
Settlement date:	April 4
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	403954548

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