HSBC to price five-year growth opportunity CDs linked to HSBC Vantage5

By Angela McDaniels

Tacoma, Wash., July 30 – HSBC Bank USA, NA plans to price 0% autocallable certificates of deposit due Aug. 5, 2024 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a term sheet.

The CDs will be automatically called at par plus a call premium of 5% per year if the index closes at or above the call threshold on any annual call observation date. The call threshold is 102.5% of the initial index level on the first call observation date, 105% of the initial index level on the second call observation date, 107.5% of the initial index level on the third call observation date and 110% of the initial index level on the final call observation date.

If the CDs are not automatically called and the index return is greater than or equal to zero, the payout at maturity will be par plus the index return. If the index return is less than zero, the payout will be par.

HSBC Securities (USA) Inc. is the agent. Advisors Asset Management as distributor is distributor.

The CDs will price July 31.

The Cusip number is 44329M6Z1.

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