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Terms Structure
Issuer HSBC Bank USA, National Association Insured FDIC Insured
Rating S&P AA / Moody's Aa2 / FITCH AA+
Description 10 Year, Non-Call 2 Year Steepener Certificate Of Deposit
Amount $ TBD MM (Subject To Prior Sale)
Denominations $10,000 Minimum / $1,000. Increments thereafter
Maturity 06/25/2019 (10 Years)
Callable 06/25/2011 ( 2 Year) and quarterly thereafter
Settlement 06/25/2009
Coupon 7.50% Initial Coupon
7.50% coupon is fixed and payable for the first year
Years 2 - 10, the coupon is adjustable according to the stated formula.
Formula 4.00 X (10 Year CMS Swap Rate - 2 Year CMS Swap Rate)
Coupon Cap 8.00%
Coupon Floor 0.00%
Payment Dates Quarterly Pay 6/25, 9/25, 12/25, 3/25 or next business day If such date is a non-business day.
Adjusts Quarterly
Redemption This bond has an early redemption feature, often referred to as an estate feature or death put feature.
Income Tax "Variable rate and structured CDs may be treated as is with Original Issue Discount ("OID")."
CUSIP 40431AZM7
Price $ 100.00
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