By Susanna Moon
Chicago, Oct. 16 – HSBC USA Inc. priced $2.58 million of callable step-up notes due Oct. 6, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 1.7% initially, stepping up to 2.35% on April 6, 2019. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on April 6, 2019.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Callable step-up notes
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| Amount: | $2.58 million
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| Maturity: | Oct. 6, 2020
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| Coupon: | 1.7% initially, stepping up to 2.35% on April 6, 2019; payable semiannually
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| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on April 6, 2019
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| Pricing date: | Oct. 3
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| Settlement date: | Oct. 6
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.2540698%
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| Cusip: | 40435FGG6
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