By Jennifer Chiou
New York, March 19 - HSBC USA Inc. priced $5.65 million of callable step-up fixed-rate 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 quarterly beginning on Sept. 19, 2014.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $5.65 million
|
| Maturity: | March 19, 2019
|
| Coupon: | 1.4% initially, stepping up to 4% on Sept. 19, 2017; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par quarterly beginning Sept. 19, 2014
|
| Pricing date: | March 14
|
| Settlement date: | March 19
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.697%
|
| Cusip: | 40432XU90
|
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