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Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item
Published on 1/27/2011 in the Prospect News Structured Products Daily.

HSBC to price five-year collared floating-rate notes based on Libor

By Susanna Moon

Chicago, Jan. 27 - HSBC USA Inc. plans to price collared floating-rate notes due Feb. 9, 2016, according to an FWP filing with the Securities and Exchange Commission.

The coupon will be Libor plus 25 basis points, with a minimum rate of 2% to 2.25% and up to a maximum rate of 5.25%. The exact floor will be set at pricing. Interest is payable quarterly.

The payout at maturity will be par.

The notes (Cusip 4042K1CW1) will price Feb. 4 and settle Feb. 9.

HSBC Securities (USA) Inc. is the agent.


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