HSBC plans five-year CDs with annual interest linked to HSBC Vantage5

By Marisa Wong

Morgantown, W.Va., Feb. 9 – HSBC Bank USA, NA plans to price certificates of deposit with annual interest due March 6, 2023 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a term sheet.

The interest rate will be a fixed rate of at least 1.25% per year.

The payout at maturity will be par plus at least 100% of the index return, subject to a minimum return of at least 1.25%.

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

The CDs are expected to price Feb. 28.

The Cusip number is 40434YVE4.

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