| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item |
HSBC to price 12-year callable step-up notes with 3.5% initial rate
By Toni Weeks
San Diego, Jan. 4 - HSBC USA Inc. plans to price callable step-up rate notes due Jan. 19, 2024, according to an FWP filing with the Securities and Exchange Commission.
The coupon will be 3.5% for the first five years. It will step to 5% on Jan. 19, 2017 and to 7% on Jan. 19, 2022. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on Jan. 19, 2017 and Jan. 19, 2022.
The notes (Cusip: 4042K1VG5) are expected to settle Jan. 19.
HSBC Securities (USA) Inc. will be the agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.