Published on 4/12/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.97 million leveraged capped basket-linked notes on indexes
Chicago, April 12 – HSBC Bank plc priced $2.97 million of leveraged capped basket-linked notes due July 22, 2025, according to a 424B2 filed with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.
If the basket return is positive, the payout at maturity will be par plus three times the basket return, subject to a maximum payout of par plus 35.76%.
Investors will be exposed to any decline in the basket return.
HSBC Securities (USA) LLC is the distributor.
Issuer: | HSBC Bank plc
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Issue: | Leveraged capped basket-linked notes
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Basket components: | Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight) and S&P/ASX 200 (9% weight)
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Amount: | $2,967,000
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Maturity: | July 22, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 300% of the basket return, capped at 35.76%; if the basket declines, full exposure to loss
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Initial levels: | 4,453.05 for Euro Stoxx, 2,492.09 for Topix, 7,459.09 for FTSE, 11,185.88 | for Swiss Market, 7,346.477 for S&P/ASX
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Pricing date: | Jan. 18
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Settlement date: | Jan. 25
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Agent: | HSBC Securities (USA) LLC
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Fees: | 1.51%
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Cusip: | 40442B5E3
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