By Marisa Wong
Morgantown, W.Va., Feb. 5 – HSBC USA Inc. priced $1.35 million of callable step-up rate notes due Feb. 5, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 1% in year one, 1.5% in year two and 2% in year three. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par on any coupon payment date.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Callable step-up rate notes
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Amount: | $1,349,000
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Maturity: | Feb. 5, 2019
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Coupon: | 1% in year one, 1.5% in year two, 2% in year three; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any coupon payment date
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Pricing date: | Feb. 2
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Settlement date: | Feb. 5
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 0.25%
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Cusip: | 40433UGL4
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