By Angela McDaniels
Tacoma, Wash., June 16 – HSBC USA Inc. priced $1.5 million of collared floating-rate notes due June 17, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is Libor plus 72 basis points, subject to a minimum interest rate of zero and a maximum interest rate of 5.75% per year. Interest is payable quarterly.
The payout at maturity will be par plus the final coupon.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | HSBC USA Inc.
|
| Issue: | Collared floating-rate notes
|
| Amount: | $1.5 million
|
| Maturity: | June 17, 2022
|
| Coupon: | Libor plus 72 bps, subject to floor of zero and cap of 5.75% per year; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | June 12
|
| Settlement date: | June 17
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 1%
|
| Cusip: | 40433B2J6
|
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