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 to price 10-year callable step-up notes with 3.25% initial rate
By Marisa Wong
Madison, Wis., Feb. 7 - HSBC USA Inc. plans to price callable step-up rate notes due Feb. 24, 2022, according to an FWP filing with the Securities and Exchange Commission.
The coupon will be 3.25% for the first five years and will step up to 5% beginning Feb. 24, 2017. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on Feb. 24, 2017.
The notes (Cusip: 4042K1XJ7) are expected to settle on Feb. 24.
HSBC Securities (USA) Inc. will be the agent.
© 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.