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Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item
Published on 5/21/2015 in the Prospect News Structured Products Daily.

HSBC plans to price collared floaters with 1.25% floor, 3.25% cap

By Toni Weeks

San Luis Obispo, Calif., May 21 – HSBC USA Inc. plans to price collared floating-rate notes due June 5, 2019, according to an FWP filing with the Securities and Exchange Commission.

The interest rate is Libor flat, subject to a minimum interest rate of 1.25% per year and a maximum interest rate of 3.25% per year. Interest is payable quarterly.

The payout at maturity will be par.

The notes (Cusip: 40433B2F4) are expected to settle June 5.

HSBC Securities (USA) Inc. is the agent.


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