New Issue: HSBC prices $36.8 million capped Leveraged Index Return Notes on Invesco ETF

By William Gullotti

Buffalo, N.Y., April 1 – HSBC Bank plc priced $36.8 million of 0% capped Leveraged Index Return Notes due March 27, 2026 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filed with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 200% of the return, subject to a maximum payout of par plus 18.02%.

Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	HSBC Bank plc
Issue:	Capped Leveraged Index Return Notes
Underlying fund:	Invesco S&P 500 Equal Weight ETF
Amount:	$36,802,950
Maturity:	March 27, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any ETF gain, capped at par plus 18.02%; par if ETF declines by 10% or less; otherwise, 1% loss for every 1% that ETF declines beyond 10%
Initial level:	$168.78
Threshold level:	$151.90; 90% of initial level
Pricing date:	March 27
Settlement date:	April 4
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	403954597

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