New Issue: HSBC prices $2.05 million collared floaters with 2% floor, 6% cap

By Toni Weeks

San Diego, May 27 - HSBC USA Inc. priced $2.05 million of collared floating-rate notes due May 31, 2016, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is equal to the two-year Constant Maturity Treasury rate, with a minimum rate of 2% and a maximum rate of 6%. Interest is payable quarterly.

The payout at maturity will be par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Collared floating-rate notes
Amount:	$2,045,000
Maturity:	May 31, 2016
Coupon:	Two-year Constant Maturity Treasury rate, floor of 2% and cap of 6%; payable quarterly
Price:	Variable
Payout at maturity:	Par
Pricing date:	May 25
Settlement date:	May 31
Agent:	HSBC Securities (USA) Inc.
Fees:	0.75%
Cusip:	4042K1HP1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.