HSBC USA selling benchmark three-part senior notes offering Tuesday

By Aleesia Forni

Virginia Beach, Aug. 4 – HSBC USA Inc. intends to price a benchmark three-part offering of senior notes (A2/A) on Tuesday, according to an informed source and a 424B5 filed with the Securities and Exchange Commission.

The offering is expected to include fixed- and floating-rate notes due 2018, along with a tranche of notes due 2020.

HSBC Securities (USA) Inc. is the bookrunner.

The bank plans to use the proceeds for general corporate purposes.

HSBC USA is subsidiary of HSBC Holdings, a London-based banking and financial services group.

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