HSBC to price seven-year autocallable CDs linked to HSBC Vantage5

By Marisa Wong

Morgantown, W.Va., March 19 – HSBC Bank USA, NA plans to price 0% autocallable certificates of deposit due March 28, 2025 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a term sheet.

The CDs will be automatically called at par plus a call premium of 6% per year if the index closes at or above the call threshold on any of six annual call observation dates.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the index return. If the index return is less than zero, the payout will be par.

HSBC Securities (USA) Inc. is the agent. Incapital LLC is distributor.

The CDs will price March 23.

The Cusip number is 40434YVV6.

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