By Jennifer Chiou
New York, July 17 – HSBC USA Inc. priced $6.2 million of callable step-up rate notes due July 17, 2017, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will initially be 0.65%, stepping up to 1.4% on Jan. 17, 2016. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on Jan. 17, 2016.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Callable step-up rate notes
|
| Amount: | $6.2 million
|
| Maturity: | July 17, 2017
|
| Coupon: | 0.65% initially, stepping up to 1.4% on Jan. 17, 2016; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on Jan. 17, 2016
|
| Pricing date: | July 14
|
| Settlement date: | July 17
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 0.324%
|
| Cusip: | 40433BFC7
|
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