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Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item
Published on 11/18/2016 in the Prospect News Structured Products Daily.

HSBC plans three-year callable step-up notes with 1.65% initial rate

By Susanna Moon

Chicago, Nov. 18 – HSBC USA Inc. plans to price callable step-up notes due Dec. 2, 2019, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 1.65% initially, stepping up to 2.65% on June 2, 2018. Interest is payable quarterly.

The payout at maturity will be par.

The notes will be callable at par on June 2, 2018.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Nov. 29 and settle on Dec. 2.

The Cusip number is 40433UZF6.


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