HSBC plans to price 4.5-year collared floaters with 2% floor, 5% cap

By Susanna Moon

Chicago, July 6 - HSBC USA Inc. plans to price collared floating-rate notes due Jan. 22, 2016, according to an FWP filing with the Securities and Exchange Commission.

The coupon is Libor plus 50 basis points, with a minimum rate of 2% and a maximum rate of 5%. Interest is payable quarterly.

The payout at maturity will be par.

HSBC Securities (USA) Inc. is the agent.

The notes will price on July 19 and settle on July 22.

The Cusip is 4042K1LD3.

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