By Toni Weeks
San Diego, March 31 - HSBC USA Inc. priced $2.2 million of floating-rate notes due April 1, 2016 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly and equals Libor plus 50 basis points, subject to a minimum interest rate of 2% and a maximum interest rate of 5.5% per year.
The payout at maturity will be par plus accrued interest.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Floating-rate notes
|
| Amount: | $2.2 million
|
| Maturity: | April 1, 2016
|
| Coupon: | Libor plus 50 basis points, with a minimum coupon of 2% and a maximum of 5.5%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | March 29
|
| Settlement date: | April 1
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 4042K1FG3
|
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