New Issue: HSBC prices $27.36 million Accelerated Return Notes on Russell 2000

By William Gullotti

Buffalo, N.Y., Dec. 6 – HSBC Bank plc priced $27.36 million of 0% Accelerated Return Notes due Jan. 31, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payout of par plus 18.88%.

Investors will be exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	HSBC Bank plc
Issue:	Accelerated Return Notes
Underlying index:	Russell 2000 index
Amount:	$27,359,050
Maturity:	Jan. 31, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, capped at par plus 18.88%; full exposure to any index decline
Initial level:	1,809.02
Pricing date:	Nov. 30
Settlement date:	Dec. 7
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	403954886

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