By Angela McDaniels
Tacoma, Wash., April 9 - HSBC USA Inc. priced $13.5 million of floating-rate notes due April 10, 2024 linked to the 30-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 81% of the 30-year CMS rate, subject to a minimum of 2% per year. Interest is payable quarterly.
The payout at maturity will be par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Floating-notes
|
| Underlying rate: | 30-year Constant Maturity Swap rate
|
| Amount: | $13.5 million
|
| Maturity: | April 10, 2024
|
| Coupon: | 81% of 30-year CMS rate, subject to minimum of 2% per year; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | April 7
|
| Settlement date: | April 10
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.25%
|
| Cusip: | 40432XY70
|
© 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.
