New Issue: HSBC prices $1.24 million leveraged capped notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 22 – HSBC Bank plc priced $1.24 million of 0% leveraged capped index-linked notes due March 13, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus triple the index gain, subject to a maximum payout of $1,292.50 per $1,000 principal amount.

Investors will lose 1% for every 1% decline from initial index level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC Bank plc
Issue:	Leveraged capped index-linked notes
Underlying index:	S&P 500
Amount:	$1,236,000
Maturity:	March 13, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any index gain, capped at par plus 29.25%; 1% loss for every 1% decline from initial level
Initial level:	4,740.56
Pricing date:	Dec. 18
Settlement date:	Dec. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40442B4T1

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