By Toni Weeks
San Diego, March 31 - HSBC USA Inc. priced $2.2 million of floating-rate notes due April 1, 2016 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly and equals Libor plus 50 basis points, subject to a minimum interest rate of 2% and a maximum interest rate of 5.5% per year.
The payout at maturity will be par plus accrued interest.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Floating-rate notes
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Amount: | $2.2 million
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Maturity: | April 1, 2016
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Coupon: | Libor plus 50 basis points, with a minimum coupon of 2% and a maximum of 5.5%; payable quarterly
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Price: | Variable
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Payout at maturity: | Par
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Pricing date: | March 29
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Settlement date: | April 1
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 4042K1FG3
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