By Angela McDaniels
Tacoma, Wash., June 13 - HSBC USA Inc. increased its 0.9% Chinese renminbi-denominated notes due June 21, 2016 to RMB 78.45 million from RMB 76.51 million, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are denominated in renminbi, but all payments will be made in dollars.
Interest is payable semiannually.
The payout at maturity will be par.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Renminbi income notes
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Amount: | RMB 78.45 million, increased from RMB 76.51 million
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Maturity: | June 21, 2016
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Coupon: | 0.9%, payable semiannually in dollars
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Price: | Par of RMB 10,000
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Payout at maturity: | Par, payable in dollars
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Initial spot rate: | 6.4816
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Trade dates: | June 6 for RMB 76.51 million; June 9 for RMB 1.94 million
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Settlement date: | June 21
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1%
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Cusip: | 40433CAA4
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