New Issue: HSBC prices $11.56 million collared floaters with 2.5% floor, 6.5% cap

By Susanna Moon

Chicago, March 14 - HSBC USA Inc. priced $11.56 million of collared floating-rate notes due March 15, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is Libor plus 75 basis points, subject to a minimum rate of 2.5% and a maximum rate of 6.5%. 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:	$11.56 million
Maturity:	March 15, 2018
Coupon:	Libor plus 75 bps, floor of 2.5%, capped at 6.5%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	March 10
Settlement date:	March 15
Agent:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	4042K1ES8

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