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Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item
Published on 2/8/2018 in the Prospect News Structured Products Daily.

HSBC plans to price floating-rate notes due 2025 linked to CPI

By Sarah Lizee

Olympia, Wash., Feb. 8 – HSBC USA Inc. plans to price floating-rate notes due Feb. 28, 2025, according to an FWP filing with the Securities and Exchange Commission.

The interest rate will be equal to the year-over-year change in the Consumer Price Index plus a spread of 50 basis points, subject to a minimum interest rate of 0%. Interest is payable monthly.

The payout at maturity will be par.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Feb. 23 and settle on Feb. 28.

The Cusip number is 40435FTX5.


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