This is a 6 year autocall paying in Sterlings issued by HSBC Bank PLC linked to the performance of FTSE 100 Index and EURO STOXX 50 Index between 7/9/2014 and 7/9/2020. Although the latest maturity date is 7/9/2020, the product will be monitored at annual periods. The product will mature early if at any annual date, from period 1, the worst performing underlying is at or above 100%, 100%, 100%, 90% and 80% of its initial level (at the relevant date). In which case, the product will repay the initial investment plus a coupon of 8.6%, 17.2%, 25.8%, 34.4% and 43% (at the relevant date when the autocall is triggered). If the product runs to maturity, the product will repay the initial investment plus a coupon of 51.6% so long as the worst performing underlying is at or above 70%. If the European protection barrier of 60% has not been breached, the nominal value will be paid, otherwise the product will repay the initial investment less any negative worst performing underlying measured over the term of the product
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663 FTSE EuroStoxx Defensive Autocall 8.6pc
Key Investment Document (KID)
The product has matured at 7/11/2017. Investing in this product at issue price would have resulted in a total return of 25.79%
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