HSBC to price growth opportunity CDs due 2024 on HSBC Vantage5

By Sarah Lizee

Olympia, Wash., June 19 – HSBC Bank USA, NA plans to price 0% growth opportunity certificates of deposit due Dec. 27, 2024 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a term sheet.

The payout at maturity will be par plus at least 150% 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. Advisors Asset Managment is distributor.

The CDs will price June 24.

The Cusip number is 44329M5Y5.

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