| 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 plans five-year callable step-up notes with 1.4% initial rate
By Susanna Moon
Chicago, Feb. 28 - HSBC USA Inc. plans to price callable step-up notes due March 19, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 1.4% initially, stepping up to 4% on Sept. 19, 2017. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par in September 2017.
Bank of America Merrill Lynch is the agent.
The notes will price on March 14 and settle on March 19.
The Cusip number is 40432XU90.
© 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.