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Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item
Published on 4/28/2014 in the Prospect News Structured Products Daily.

HSBC plans seven-year floating-rate notes tied to 10-year CMS rate

By Susanna Moon

Chicago, April 28 - HSBC USA Inc. plans to price floating-rate notes due April 30, 2021 linked to the 10-year Constant Maturity Swap rate, according to an FWP filing with the Securities and Exchange Commission.

Interest will be equal to the 10-year CMS rate times 70%, with a minimum coupon of 2%. Interest will be payable quarterly.

The payout at maturity will be par.

HSBC Securities (USA) Inc. is the agent.

The notes will settle on April 30.

The Cusip number is 40433BAE8.


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