| 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 fixed-to-floating notes due 2020 with 2% initial rate
By Angela McDaniels
Tacoma, Wash., March 5 - HSBC USA Inc. plans to price fixed-to-floating-rate notes due March 20, 2020, according to an FWP filing with the Securities and Exchange Commission.
The interest rate will be 2% for the first year. After that, the interest rate will be Libor plus 75 basis points, subject to a minimum rate of 0.75% per year and a maximum rate of 6% per year. Interest will be payable quarterly.
The payout at maturity will be par.
HSBC Securities (USA) Inc. is the underwriter.
The notes will settle March 20.
The Cusip number is 40432XCH2.
© 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.