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HSBC to price seven-year growth opportunity CDs linked to HSBC Vantage
By Marisa Wong
Morgantown, W.Va., June 13 – HSBC Bank USA, NA plans to price 0% growth opportunity certificates of deposit due June 30, 2025 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a term sheet.
The payout at maturity will be par plus at least 265% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.
HSBC Securities (USA) Inc. is the agent. Incapital LLC is distributor.
The CDs will price June 25.
The Cusip number is 40434YA23.
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