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HSBC plans three-year callable step-up notes with 1.7% initial rate
By Susanna Moon
Chicago, Sept. 26 – HSBC USA Inc. plans to price callable step-up fixed-rate notes due Oct. 6, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 1.7% initially, stepping up to 2.35% on April 6, 2019. Interest will be payable semiannually.
The notes will be callable at par on April 6, 2019.
The payout at maturity will be par.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Oct. 3.
The Cusip number is 40435FGG6.
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