📄 Extracted Text (416 words)
From: Richard Kahn < >
Sent: Monday, May 2, 2016 8:42 PM
To: jeffrey E.
Subject: Fwd: New Issue: HSBC Sy Fixed to Floating Rate Note on 3mL
Attachments: HSBC Prospectus.pdf; Untitled attachment 00019.htm
3 month libor is currently 0.64
please advise
thank =ou
Richard Kahn
HBRK Associates Inc.
575 Lexington =venue 4th Floor
New York, NY 10022
Begin forwarded message:
From: =/b>"Atlas, Andrew S" c >
Subject: =/b>New Issue: HSBC =y Fixed to Floating Rate Note on 3m1
Date: =/b>May 2, 2016 at 11:41:10 AM =DT
To: =/b>"Richard Kahn
Hi Rich,
Hope you had a nice =eekend.
Wanted to show STC and GA a Morgan Stanley New Issue HSBC Syr =ixed-to-Floating Rate Note that's closing on
this Friday May =th.
EFTA_R1_02076793
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Details:
Product Type: =ixed-to-Floating Rate Notes Linked 3-month LIBOR (3mL)
Issuer: HSBC USA Inc.
S&P Issuer Credit =ating: A+
Maturity: 05/11/2021
Call feature: None, =.e. the securities are non-callable
Payment at Maturity: =ar ($1,000 per note) + any accrued and unpaid interest
Interest Payment Schedule: Quarterly interest payments; The =lth calendar day of each February, May, August
and November during the =erm of the notes, commencing on August 11, 2016, up to and including the Maturity Date.
Interest Formula: =ears 1 and 2: 2.25% fixed per annum Years 3 through Maturity: 3mL + =.05% per annum,
subject to a 4.0% per annum cap
I've attached the prospectus. Let me know if =ou have any questions.
Best,
Andrew
Andrew S. Atlas
First Vice President
Equity Sales/Middle Markets Group
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Financial Advisor
Morgan Stanley Wealth Management
1290 Avenue of the =mericas, 12th Floor I New York, =Y 10104
NMLS ID N =326736
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ℹ️ Document Details
SHA-256
4e4a4ae53d9157394440bdb1979398a99e993582eb9fbfc861492c4df886c583
Bates Number
EFTA02702841
Dataset
DataSet-11
Document Type
document
Pages
3
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