HSBC to price growth opportunity CDs due 2025 linked to HSBC Vantage5

By Marisa Wong

Morgantown, W.Va., Jan. 11 – HSBC Bank USA, NA plans to price 0% growth opportunity certificates of deposit due Jan. 30, 2025 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a term sheet.

The payout at maturity will be par plus at least 225% 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 are expected to price Jan. 25.

The Cusip number is 40434YTT4.

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