By Marisa Wong
Morgantown, W.Va., Dec. 7 – HSBC USA Inc. priced $8.31 million of callable step-up rate notes due Nov. 30, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 1.25% for the first year, stepping up to 2% in year two, to 3% in year three, to 4% in year four and to 5.05% in year five. Interest is payable semiannually.
The payout at maturity will be par.
The notes are callable at par on any coupon payment date after one year.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Callable step-up rate notes
|
Amount: | $8,306,000
|
Maturity: | Nov. 30, 2020
|
Coupon: | 1.25% for the first year, stepping up to 2% in year two, to 3% in year three, to 4% in year four and to 5.05% in year five; payable semiannually
|
Price: | Par
|
Payout at maturity: | Par
|
Call option: | At par on any coupon payment date after one year.
|
Pricing date: | Nov. 24
|
Settlement date: | Nov. 30
|
Underwriter: | HSBC Securities (USA) Inc.
|
Fees: | 2.93%
|
Cusip: | 40433UDF0
|
|
© 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.