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Published on 7/21/2023 in the Prospect News Structured Products Daily.

New Issue: HSBC sells $7.93 million Strategic Accelerated Redemption Securities on Equal Weight ETF

Chicago, July 21 – HSBC Bank plc priced $7.93 million of 0% autocallable Strategic Accelerated Redemption Securities due July 27, 2029 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called if the ETF closes above its initial level on any annual call date. The redemption payment will be par plus a premium of 7.8% per year.

The notes will be called at maturity if the ETF return is positive. Otherwise, investors will be fully exposed to any losses.

BofA Securities, Inc. is the agent.

Issuer:HSBC Bank plc
Issue:Autocallable Strategic Accelerated Redemption Securities
Underlying ETF:Invesco S&P 500 Equal Weight ETF
Amount:$7,926,620
Maturity:July 27, 2029
Coupon:0%
Price:Par of $10
Payout at maturity:Called at par plus 46.8% if ETF finishes positive; otherwise, full exposure to losses
Call:Autocallable at par plus 7.8% annual premium if ETF finishes above initial level on any annual observation date
Initial value:$152.96
Pricing date:July 13
Settlement date:July 20
Underwriter:BofA Securities, Inc.
Fees:2%
Cusip:44328M351

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