New Issue: HSBC prices $9.63 million Accelerated Return Notes linked to Energy SPDR ETF

By William Gullotti

Buffalo, N.Y., April 1 – HSBC Bank plc priced $9.63 million of 0% Accelerated Return Notes due May 30, 2025 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum payout of par plus 23.71%.

Investors will be fully exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:	HSBC Bank plc
Issue:	Accelerated Return Notes
Underlying fund:	Energy Select Sector SPDR Fund
Amount:	$9,631,680
Maturity:	May 30, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any ETF gain, capped at par plus 23.71%; full exposure to any ETF decline
Initial level:	$93.40
Pricing date:	March 27
Settlement date:	April 4
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	403954563

© 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.