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HSBC plans to price callable step-up notes with 2.4% initial rate
By Jennifer Chiou
New York, March 10 – HSBC USA Inc. plans to price callable step-up notes due March 27, 2025, according to an FWP with the Securities and Exchange Commission.
The interest rate will initially be 2.4%, stepping up to 4.4% on March 27, 2020. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable in whole on March 27, 2020.
The notes (Cusip: 40433BH76) will price on March 27.
HSBC Securities (USA) Inc. is the agent.
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