Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item |
HSBC plans senior fixed-rate step-up callable notes due 2024
By Marisa Wong
Madison, Wis., Jan. 6 - HSBC USA Inc. plans to price senior fixed-rate step-up callable notes due Jan. 23, 2024, according to an FWP filing with the Securities and Exchange Commission.
The interest rate is 3.5% for the first five years. After that, the rate will step up to 5% for years six through 10 and to 7% until maturity. Interest is payable semiannually.
The payout at maturity will be par.
The notes are callable at par on Jan. 23, 2017 and on Jan. 23, 2022.
The notes (Cusip: 4042K1VJ9) will settle on Jan. 23.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Smith Barney LLC.
© 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.