PRICING SUPPLEMENT Prcng Supplement dated 01 August 2014 HSBC Bank plc Programme for the Issuance of Notes and Warrants Issue of EUR 1,500,000 Automatc Early Redempton Index-Lnked Notes due September 2018 lnked to a Basket of Indces PART A - CONTRACTUAL TERMS Ths document consttutes the prcng supplement ( Prcng Supplement ) relatng to the ssue of the Tranche of Notes descrbed heren for the purposes of lstng on the Offcal Lst of the Irsh Stock Exchange and must be read n conjuncton wth the Offerng Memorandum dated 18 June 2014 as supplemented from tme to tme (the "Offerng Memorandum") whch, together wth ths Prcng Supplement, consttute lstng partculars for the purposes of lstng on the Global Exchange Market. Terms used heren shall be deemed to be defned as such for the purposes of the terms and condtons of the Notes (the "Condtons") set forth n the Offerng Memorandum. Full nformaton on the Issuer and the offer of the Notes s only avalable on the bass of the combnaton of ths Prcng Supplement and the Offerng Memorandum. The Offerng Memorandum s avalable for vewng at HSBC Bank plc, 8 Canada Square, London E14 5HQ and www.hsbc.com (please follow lnks to Investor relatons, Fxed ncome securtes and Issuance programmes ) and copes may be obtaned from HSBC Bank plc, 8 Canada Square, London E14 5HQ. The Offerng Memorandum does not comprse () a prospectus for the purposes of Part VI of the Fnancal Servces and Markets Act 2000 (as amended) or () a base prospectus for the purposes of Drectve 2003/71/EC as amended (the "Prospectus Drectve"). The Offerng Memorandum has been prepared solely wth regard to Notes that are () not to be admtted to lstng or tradng on any regulated market for the purposes of Drectve 2004/39/EC and not to be offered to the publc n a Member State (other than pursuant to one or more of the exemptons set out n Artcle 3.2 of the Prospectus Drectve). It s advsable that nvestors consderng acqurng any Notes understand the rsks of transactons nvolvng the Notes and t s advsable that they reach an nvestment decson after carefully consderng, wth ther fnancal, legal, regulatory, tax, accountng and other advsers, the sutablty of the Notes n lght of ther partcular crcumstances (ncludng wthout lmtaton ther own fnancal crcumstances and nvestment objectves and the mpact the Notes wll have on ther overall nvestment portfolo) and the nformaton contaned n the Offerng Memorandum and ths Prcng Supplement. Investors should consder carefully the rsk factors set forth under "Rsk Factors" n the Offerng Memorandum. 1 Issuer HSBC Bank plc 1 -
2 Tranche number: 1 3 Currency () Denomnaton Currency Euro ("EUR") () Settlement Currency EUR 4 Aggregate Prncpal Amount of Notes () Seres: EUR 1,500,000 () Tranche: EUR 1,500,000 5 Issue Prce: 100 per cent. of the Aggregate Prncpal Amount 6 () Denomnaton(s) Condton 2(b)): EUR 1,000 () Calculaton Amount: The Denomnaton 7 () Issue Date: 04 August 2014 () Interest Commencement Date: Not Applcable 8 Maturty Date: (Condton 7(a)) 19 September 2018, subject to early redempton on an Automatc Early Redempton Date. See paragraph 35(). 9 Change of nterest or redempton bass: PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 10 Fxed Rate Note provsons: (Condton 4) 11 Floatng Rate Note provsons: (Condton 5) 12 Zero Coupon Note provsons: (Condton 6) 13 Equty-Lnked/Index-Lnked Interest Note/other varable-lnked nterest Note provsons PROVISIONS RELATING TO REDEMPTION 14 Issuer's optonal redempton (Call Opton): (Condton 7(c)) 15 Noteholder's optonal redempton (Put Opton): (Condton 7(d)) 16 Fnal Redempton Amount of each Note: See paragraph 17 below 2 -
(Condton 7(a)) 17 Fnal Redempton Amount of each Note n cases where the Fnal Redempton Amount s Equty-Lnked/ Index-Lnked or other varable-lnked: Applcable () Index/formula/other varable: The basket of Indces as defned n paragraph 30() below () Provsons for determnng Fnal Redempton Amount where calculated by reference to Equty/ Index and/or formula and/or other varable; Unless prevously redeemed or purchased and cancelled, f, on the Valuaton Date, the Calculaton Agent determnes that : - a Trgger Event has not occurred wth respect to any of the Indces, the Issuer shall redeem the Notes on the Maturty Date at 116.00 per cent. of par; - a Trgger Event has occurred wth respect to one or more of the Indces, the Issuer wll redeem Notes by payng on the Maturty Date an amount n the Specfed Currency n respect of each Note determned by the Calculaton Agent n accordance wth the followng formula: Calculaton Amount x WO fnal Where: "Trgger Event" means, wth respect to an Index, that the Fnal Index Level per Index (at least one), as determned by the Calculaton Agent, s lower than the Trgger Level. "Trgger Level" means, wth respect to an Index, the level specfed as such n Annex 1 wth respect to such Index. "WO fnal " means, n respect of the Valuaton Date, the lowest performance (expressed as a percentage) among the Indces as determned by the Calculaton Agent n accordance wth the followng formula: 3 -
Mn 1to 2 S S Fnal 0 Where: "" means each Index n the basket, 1 to 2. " S Fnal " means, n respect of an Index (Index ) and the Fnal Valuaton Date, the Fnal Index Level (as defned n paragraph 30(v) below) of such Index. " S " means, n respect of an Index 0 (Index ), the Intal Index Level (as defned n paragraph 30(v) below) of such Index. For nformaton purposes, f more than one Index has the same percentage, the Calculaton Agent shall determne whch Index s the Worst Performng Index n ts sole and absolute dscreton. "Worst Performng Index" means the Index for whch the performance s the lowest n accordance wth the defnton of WO fnal. () Provsons for determnng Fnal Redempton Amount where calculaton by reference to Equty/ Index and/or Formula and/or other varable s mpossble or mpractcable or otherwse dsrupted: See adjustment provsons specfed n paragraphs 30(x) and 30(x) below (v) (v) Mnmum Fnal Redempton Amount: Maxmum Fnal Redempton Amount: 100 per cent. of the nomnal amount 18 Instalment Notes: (Condton 7(a)) 19 Early redempton amount: Applcable () Early redempton amount (upon redempton for taxaton 4 - Far Market Value
() reasons, llegalty or followng an Event of Default): (Condtons 7(b),7(h) or 11) Other redempton provsons: (Condton 7()) GENERAL PROVISIONS APPLICABLE TO THE NOTES 20 Form of Notes: (Condton 2(a)) () Form of Notes: Bearer Notes () Bearer Notes exchangeable for Regstered Notes: No 21 New Global Note: No 22 If ssued n bearer form: Applcable () Intally represented by a Temporary Global Note or Permanent Global Note: () Temporary Global Note exchangeable for Permanent Global Note and/or Defntve Notes and/or Regstered Notes: Temporary Global Note Temporary Global Note exchangeable for Permanent Global Note whch s exchangeable for Defntve Notes only n the lmted crcumstances specfed n the Permanent Global Note (Condton 2(a)) () Permanent Global Note exchangeable at the opton of the Issuer n crcumstances where the Issuer would suffer materal dsadvantage followng a change of law or regulaton: Yes (v) (v) Coupons to be attached to Defntve Notes: Talons for future Coupons to be attached to Defntve Notes: Yes No 23 Exchange Date for exchange of Temporary Global Note: Not earler than 40 days followng the Issue Date 24 Payments: (Condton 9) () Relevant Fnancal Centre Day: TARGET () Underlyng Currency Par 5 -
provsons: () FX Dsrupton: 25 Redenomnaton: (Condton 10) 26 Other terms: See Annexes PROVISIONS APPLICABLE TO INDEX-LINKED NOTES AND EQUITY-LINKED NOTES 27 Physcal Delvery 28 Provsons for Equty-Lnked Notes: 29 Addtonal provsons for Equty-Lnked Notes: See Annexes 30 Provsons for Index-Lnked Notes: Applcable () Index(ces): The ndces comprsng the basket specfed n Annex 1 below The Euro STOXX 50 Index (Bloomberg Code: SX5E) s a Multple Exchange Index () Index Sponsor: Wth respect to each Index, the entty specfed as such n respect of such Index n Annex 1 () Index Rules: (v) Exchange(s): Wth respect to each Index, each exchange or quotaton system specfed as such n respect of such Index n Annex 1 (v) Related Exchange(s): Wth respect to each Index, each exchange or quotaton system specfed as such n respect of such Index n Annex 1 (v) Intal Index Level: The defnton n Condton 22(a) apples (v) Fnal Index Level: The defnton n Condton 22(a) apples (v) Strke Date: 12 September 2014 (x) Reference Level: (x) Adjustments to Indces: Condton 22(f) apples (x) Addtonal Dsrupton Event: The followng Addtonal Dsrupton Events apply: Change n Law, Hedgng Dsrupton, Increased Cost of Hedgng (x) Index Substtuton: 31 For Equty-Lnked and Credt-Lnked U.S Federal Income Tax Consderatons 6 -
Notes: 32 Valuaton Date(s): 12 September 2018, subject to postponement n accordance wth Condton 22(e) 33 Valuaton Tme: The defnton n Condton 22(a) apples 34 Averagng Dates: 35 Other terms or specal condtons relatng to Index-Lnked Notes Equty-Lnked Notes: Applcable () Knock-n Event: () Knock-out Event: () Event: - Automatc Early Redempton WO j s greater than or equal to the Automatc Early Redempton Level as of any Automatc Early Redempton Valuaton Date j Where: "WO j " means the lowest performance (expressed as a percentage) among the Indces as determned by the Calculaton Agent n accordance wth the followng formula: Mn Where: 1 to2 S S j 0 " S " means, n respect of a Index (Index ) and an j Automatc Early Redempton Valuaton Date j, the level of such Index on the relevant Exchange at the Valuaton Tme on such Automatc Early Redempton Valuaton Date j, as determned by the Calculaton Agent. " S " means, n respect of a Index (Index ), the 0 Intal Index Level (as defned n paragraph 30(v) above) of such Index. - Automatc Early Redempton Valuaton Date(s): 7 - Each date specfed as such n Annex 2 ("j" rankng from 1 to 3) (each an "Automatc Early Redempton Valuaton Date j ") Each Automatc Early Redempton Valuaton Date shall be subject to postponement n accordance wth Condton 22(e) as f each
Level: - Automatc Early Redempton reference to "Valuaton Date" n such Condton was deemed to be a reference to "Automatc Early Redempton Valuaton Date". See Annex 2 - Automatc Early Redempton Date(s): - Automatc Early Redempton Amount: Each date specfed as such n Annex 2 ("j" rankng from 1 to 3) (each an "Automatc Early Redempton Date j "), subject to adjustment n accordance wth the Modfed Followng Busness Day Conventon See Annex 2 DISTRIBUTION 36 () If syndcated, names of Relevant Dealer(s)/Lead Manager(s): () If syndcated, names of other Dealers/Managers (f any): 37 Sellng restrctons: Unted States of Amerca: Exempton(s) from requrements under Drectve 2003/711/EC (as amended) (the "Prospectus Drectve"): TEFRA D Rules Notes may not be offered or sold wthn the Unted States of Amerca or to, or for the account or the beneft of, a U.S. Person (as defned n Regulaton S). The offer s addressed to fewer than 150 natural or legal persons (other than qualfed nvestors as defned n the Prospectus Drectve) Addtonal sellng restrctons: CONFIRMED HSBC BANK PLC 8 -
By: ---------------------------------------------------- Authorsed Sgnatory Date: -------------------------------------------------- 9 -
PART B - OTHER INFORMATION LISTING () Lstng Applcaton wll be made to admt the Notes to lstng on the Offcal Lst of the Irsh Stock Exchange. No assurance can be gven as to whether or not, or when, such applcaton wll be granted () Admsson to tradng Applcaton wll be made for the Notes to be admtted to tradng on the Global Exchange Market on or around the Issue Date. No assurance can be gven as to whether or not, or when, such applcaton wll be granted () Estmated total expenses of admsson to tradng EUR 500 RATINGS Ratngs: The Notes have not been specfcally rated. 3 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE No person nvolved n the ssue of the Notes has an nterest materal to the ssue. The Dealers and ther afflates have engaged, and may n the future engage, n nvestment bankng and/or commercal bankng transactons wth, and may perform other servces for, the Issuer and ts afflates n the ordnary course of busness 4 REASONS FOR THE OFFER ESTIMATED NET PROCEEDS AND TOTAL EXPENSES () Reasons for the offer: () Estmated net proceeds: ) Estmated total expenses: Informaton not provded Informaton not provded 5 YIELD Indcaton of yeld: 6 PERFORMANCE OF INDEX/FORMULA/OTHER VARIABLE AND OTHER INFORMATION CONCERNING THE UNDERLYING IBEX, SX5E 10 -
OPERATIONAL INFORMATION 7 ISIN Code: XS1088498354 8 Common Code: 108849835 9 CUSIP: 10 Valoren Number: 11 SEDOL: 12 WKN: 13 New Global Note ntended to be held n a manner whch would allow Eurosystem elgblty: 14 Any clearng system(s) other than Euroclear and Clearstream, Luxembourg and the relevant dentfcaton number(s): No None 15 Delvery: Delvery aganst payment 16 Settlement procedures: Medum Term Note 17 Addtonal Payng Agent(s) (f any): None 18 Common Depostary: HSBC Bank plc 19 Calculaton Agent: HSBC France 20 Cty n whch specfed offce of Regstrar to be mantaned: (Condton 15) 21 ERISA Consderatons: 11 -
ANNEX 1 (Ths annex forms part to the Prcng Supplement to whch t s attached) Informaton n relaton to underlyng Indces "" 1 Indces EURO STOXX 50 SM Index (Bloomberg: SX5E) Index Sponsor STOXX Lmted Exchange The regulated markets or quotaton systems (or any substtutng market or system) on whch the shares whch compose the Index are manly traded Related Exchange All Exchanges Trgger Level 60 % of the Intal Index Level 2 IBEX 35 Index (Bloomberg IBEX) Spansh Equtes Markets Madrd Stock Exchange "Mercado Contnuo" All Exchanges 60 % of the Intal Index Level 12 -
ANNEX 2 "j" Automatc Early Redempton Valuaton Datej Automatc Early Redempton Datej Automatc Early Redempton Levelj Automatc Early Redempton Amountj 1 14 Sep. 2015 21 Sep. 2015 90.00% 104.00% 2 12 Sep. 2016 19 Sep. 2016 80.00% 108.00% 3 12 Sep. 2017 19 Sep. 2017 70.00% 112.00% * Subject to postponement n accordance wth Condton 22(e) 13 -
ANNEX 3 Dsclamers STATEMENTS REGARDING IBEX 35 Socedad de Bolsas, owner of the IBEX 35 Index and regstered holder of the correspondng trademarks assocated wth t, does not sponsor, promote, or n any way evaluate the advsablty of nvestng n the fnancal product EUR 2,500,000 Bear Autocallable on IBEX, and the authorsaton granted to HSBC Bank plc for the use of IBEX 35 trademark does not mply any approval n relaton wth the nformaton offered by HSBC Bank plc or wth the usefulness or nterest n the nvestment n the above mentoned fnancal product. Socedad de Bolsas does not warrant n any case nor for any reason whatsoever: a) The contnuty of the composton of the IBEX 35 Index exactly as t s today or at any other tme n the past. b) The contnuty of the method for calculatng the IBEX 35 Index exactly as t s calculated today or at any other tme n the past. c) The contnuty of the calculaton, formula and publcaton of the IBEX 35 Index. d) The precson, ntegrty or freedom from errors or mstakes n the composton and calculaton of the IBEX 35 Index. e) The sutablty of the IBEX 35 Index for the antcpated purposes for the product ncluded n Schedule 1. The partes thereto acknowledge the rules for establshng the prces of the securtes ncluded n the IBEX 35 Index and of sad ndex n accordance wth the free movement of sales and purchase orders wthn a neutral and transparent market and that the partes thereto undertake to respect the same and to refran from any acton not n accordance therewth. STATEMENTS REGARDING THE EURO STOXX 50 INDEX The followng statement s requred by the lcensor of the Euro STOXX 50 Index: 14 -
STOXX and ts lcensors (the Lcensors ) have no relatonshp to the Issuer, other than the lcensng of the Euro STOXX 50 Index and the related trademarks for use n connecton wth the Notes. STOXX and ts Lcensors do not: Sponsor, endorse, sell or promote the Notes. Recommend that any person nvest n the Notes or any other securtes. Have any responsblty or lablty for or make any decsons about the tmng, amount or prcng of Notes. Have any responsblty or lablty for the admnstraton, management or marketng of the Notes. Consder the needs of the Notes or the owners of the Notes n determnng, composng or calculatng the Euro STOXX 50 Index or have any oblgaton to do so. STOXX and ts Lcensors wll not have any lablty n connecton wth the Notes. Specfcally, STOXX and ts Lcensors do not make any warranty, express or mpled and dsclam any and all warranty about: The results to be obtaned by the Notes, the owner of the Notes or any other person n connecton wth the use of the Euro STOXX 50 Index and the data ncluded n the Euro STOXX 50 Index; The accuracy or completeness of the Euro STOXX 50 Index and ts data; The merchantablty and the ftness for a partcular purpose or use of the Euro STOXX 50 Index and ts data; STOXX and ts Lcensors wll have no lablty for any errors, omssons or nterruptons n the Euro STOXX 50 Index or ts data; Under no crcumstances wll STOXX or ts Lcensors be lable for any lost profts or ndrect, puntve, specal or consequental damages or losses, even f STOXX or ts Lcensors knows that they mght occur. The lcensng agreement between the Issuer and STOXX s solely for ther beneft and not for the beneft of the owners of the Notes or any other thrd partes. 15 -