New Issue: HSBC sells $1.2 million collared floaters with 2.3% floor, 5.5% cap

By Susanna Moon

Chicago, Feb. 22 - HSBC USA Inc. priced $1.2 million of collared floating-rate notes due Feb. 23, 2016, according to an FWP filing with the Securities and Exchange Commission.

The coupon is Libor plus 25 basis points, with a minimum rate of 2.3% and up to a maximum rate of 5.5%. Interest is payable quarterly.

The payout at maturity will be par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Collared floating-rate notes
Amount:	$1.2 million
Maturity:	Feb. 23, 2016
Coupon:	Libor plus 25 bps, floor of 2.3%, capped at 5.5%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Feb. 17
Settlement date:	Feb. 23
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	4042K1EA7

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