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HSBC plans seven-year growth opportunity CDs linked to the Dow
By Susanna Moon
Chicago, May 9 – HSBC Bank USA, NA plans to price growth opportunity averaging certificates of deposit due May 30, 2023 linked to the Dow Jones industrial average, according to a term sheet.
The payout at maturity will be par, with a minimum return of at least 1.25%.
The final fund price will be the average of its closing levels on the 28 quarterly observation dates during the life of the CDs.
HSBC Securities (USA) Inc. is the agent. Incapital LLC is distributor.
The CDs will price on May 24 and settle on May 27.
The Cusip number is 40434AV71.
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