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HSBC to price 2.5-year growth opportunity CDs on HSBC Vantage5
By Marisa Wong
Morgantown, W.Va., Oct. 24 – HSBC Bank USA, NA plans to price 0% growth opportunity certificates of deposit due April 30, 2021 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a term sheet.
The payout at maturity will be par plus at least 110% 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 Oct. 25.
The Cusip number is 40434YR74.
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