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HSBC USA to sell $280 million two-year notes at Libor plus 110 bps
By Andrea Heisinger
New York, June 16 - HSBC USA Inc. is expected to price $280 million two-year income notes Wednesday with a coupon of three-month Libor plus 110 basis points, according to an amended FWP filing with the Securities and Exchange Commission.
The notes were initially to price Tuesday.
The notes (A1/AA-/) have interest paid quarterly and feature a coupon floor of 1%.
HSBC Securities (USA) Inc. is the bookrunner.
The issuer is a branch of London-based financial services company HSBC.
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