By Andrea Heisinger
New York, June 18 - HSBC USA Inc. priced $300 million two-year income notes at par to yield three-month Libor plus 110 basis points, according to a 424B2 Securities and Exchange Commission filing.
The notes (A1/AA-) have a coupon floor of 1% and pay interest quarterly.
HSBC Securities was the bookrunner.
HSBC USA is a branch of London-based financial services company HSBC Holdings plc.
| Issuer: | HSBC USA Inc.
|
| Issue: | Income notes
|
| Amount: | $300 million |
|
| Maturity: | July 13, 2011
|
| Bookrunner: | HSBC Securities
|
| Coupon: | Three-month Libor plus 110 bps
|
| Coupon floor: | 1%
|
| Price: | Par
|
| Yield: | Three-month Libor plus 110 bps
|
| Trade date: | June 17
|
| Settlement date: | July 13
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA-
|
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