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HSBC to price growth opportunity CDs due 2022 linked to HSBC Vantage5
By Marisa Wong
Morgantown, W.Va., July 24 – HSBC Bank USA, NA plans to price 0% growth opportunity certificates of deposit due Aug. 1, 2022 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a term sheet.
The payout at maturity will be par plus at least 160% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.
HSBC Securities (USA) Inc. is the agent. Incapital LLC is distributor.
The CDs will price July 25.
The Cusip number is 40434YB71.
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