By Laura Lutz
Des Moines, March 4 - HSBC USA Inc. priced a $2.07 million issue of callable Libor range accrual notes due March 6, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
HSBC Securities (USA) Inc. is the agent.
For each quarter, the interest rate will be equal to 9.2% times the proportion of days during the quarter that the six-month Libor is at least 0% and not more than 6.5%.
Interest will be payable quarterly.
The notes are callable in whole, but not in part, at par on any interest payment date.
HSBC reserved the right to increase the principal amount before March 6, the settlement date.
| Issuer: | HSBC USA Inc.
|
| Issue: | Callable Libor range accrual notes
|
| Amount: | $2.07 million
|
| Maturity: | March 6, 2023
|
| Interest: | 9.2% times proportion of days during the interest period that six-month Libor is between 0% and 6.5%
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par on interest payment dates
|
| Pricing date: | March 3
|
| Settlement date: | March 6
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
