| 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 fixed-to-floating notes with 1.5% initial rate
By Susanna Moon
Chicago, Feb. 26 – HSBC USA Inc. plans to price fixed-to-floating notes due March 18, 2020, according to an FWP filing with the Securities and Exchange Commission.
Interest will be 1.5% for the first two years. After that it will be Libor plus 75 basis points, up to a maximum rate of 4%. Interest will be payable quarterly and cannot be less than zero.
The payout at maturity will be par.
HSBC Securities (USA) Inc. is the agent.
The notes will settle on March 18.
The Cusip number is 40433BF94.
© 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.