Counterparty HSBC Bank PLC

Maximum term 6 years

Linked assets Nikkei 225 Index

Identifier HSBC_31389005

Tax treatment Income Tax

The plan starts on the Start Date. On a Measurement Date, if the level of the Index is at or above a defined percentage of its Start Level, the plan will end and pay Interest equal to 1.625% of the money invested for every 3 months the plan has been in force. This is called a Kick Out and the barrier levels are called the Kick Out Barriers. The first date this can happen is 30 July 2027. If the plan reaches the End Date, the Index will be measured for the last time. If the End Level of the Index is at or above 80% of its Start Level, the plan will pay Interest equal to 39% of the money invested, otherwise, no Interest will be achieved.

Kick Out Barriers:100%/100%/100%/100%/100%/95%/95%/95%/95%/95%/95%/95%/95%/90%/90%/90%/90%/80%/80%/80%/80% (measured quarterly after 1 year)
Potential Growth: 1.625% for each quarter in force (6.50%pa)

Customers will get all their invested money back on a Kick Out; or, at the End Date regardless of the performance of the Index.