By Angela McDaniels
Tacoma, Wash., Dec. 2 – HSBC USA Inc. priced $12.45 million of callable step-up rate notes due Dec. 2, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 1.65% for the first 18 months and 2.65% for the last 18 months. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par on June 2, 2018.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Callable step-up rate notes
|
| Amount: | $12,454,524
|
| Maturity: | Dec. 2, 2019
|
| Coupon: | 1.65% for first 18 months and 2.65% for last 18 months; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on June 2, 2018
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 2
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.3%
|
| Cusip: | 40433UZF6
|
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