New Issue: HSBC prices $30,000 more callable step-up notes due 2017 with 2.125% initial rate

By Jennifer Chiou

New York, Feb. 15 - HSBC USA Inc. priced another $30,000 of callable step-up rate notes due Feb. 16, 2017, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total issue size to $5,815,000.

The coupon will be 2.125% for the first three years and will step up to 3.25% on Feb. 16, 2015. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable in whole at par on Feb. 16, 2015.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Callable step-up rate notes
Amount:	$5,815,000 (increased from original $2.6 million)
Maturity:	Feb. 16, 2017
Coupon:	2.125% for the first three years, stepping up to 3.25% on Feb. 16, 2015; payable semiannually
Price:	Variable
Payout at maturity:	Par
Call option:	In whole at par on Feb. 16, 2015
Pricing dates:	Jan. 31 for $2.6 million; Feb. 6 for $2,565,000; Feb. 9 for $620,000; Feb. 13 for $30,000
Settlement date:	Feb. 16
Agent:	HSBC Securities (USA) Inc.
Fees:	0.769% (weighted average)
Cusip:	4042K1WW9

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