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HSBC to price growth opportunity CDs due 2021 on HSBC Vantage5
By Sarah Lizee
Olympia, Wash., Nov. 20 – HSBC Bank USA, NA plans to price 0% growth opportunity certificates of deposit due June 1, 2021 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a term sheet.
The payout at maturity will be par plus at least 110% 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 Nov. 26.
The Cusip number is 40434YV79.
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