New Issue: HSBC prices $4.73 million digital index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 22 – HSBC Bank plc priced $4.73 million of 0% digital index-linked notes due Jan. 21, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 16.8%.

Otherwise, investors will lose 1.1111% for each 1% decline of the index beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC Bank plc
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$4,734,000
Maturity:	Jan. 21, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains or falls by not more than 10%, par plus 16.8%; otherwise, 1.1111% loss for each 1% decline of the index beyond 10%
Initial level:	4,765.98
Downside threshold:	90% of initial level
Pricing date:	Jan. 16
Settlement date:	Jan. 19
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40442B5C7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.