By Sarah Lizee
Olympia, Wash., Jan. 30 – HSBC USA Inc. priced $1 million of callable step-up rate notes due Jan. 30, 2030, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 3.125% initially, stepping up to 4% on Jan. 30, 2025 and to 4.75% on July 30, 2027. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable in whole at par semiannually beginning Jan. 30, 2019.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Callable step-up notes
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Amount: | $1 million
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Maturity: | Jan. 30, 2030
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Coupon: | 3.125% initially, stepping up to 4% on Jan. 30, 2025 and to 4.75% on July 30, 2027; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | In whole at par semiannually beginning Jan. 30, 2019
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Pricing date: | Jan. 26
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Settlement date: | Jan. 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.75%
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Cusip: | 40435FRD1
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