By Toni Weeks
San Luis Obispo, Calif., June 4 – HSBC USA Inc. priced $1.8 million of collared floating-rate notes due June 5, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is Libor flat, subject to a minimum interest rate of 1.25% per year and a maximum interest rate of 3.25% per year. Interest is payable quarterly.
The payout at maturity will be par.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Collared floating-rate notes
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Amount: | $1.8 million
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Maturity: | June 5, 2019
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Coupon: | Libor, subject to coupon floor of 1.25% per year and coupon cap of 3.25% per year; payable quarterly
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Price: | Variable prices
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Payout at maturity: | Par
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Pricing date: | June 2
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Settlement date: | June 5
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40433B2F4
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