HSBC Bank USA, N.A. And Affiliates Raise Prime and Reference Rate

NEW YORK--(BUSINESS WIRE)-- HSBC Bank USA, N.A. and its affiliates announced that they raised their prime and reference rate to 4.25% from 4.00%, effective Thursday, June 15, 2017.

Notes to editors:

HSBC Bank USA, National Association (HSBC Bank USA, N.A.), with total assets of US$200.4bn as of 31 March 2017 (US GAAP), serves 2.4 million customers through retail banking and wealth management, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 228 bank branches throughout the United States. There are 144 in New York as well as branches in: California; Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New Jersey; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a Member of the FDIC.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170614006253/en/

Media enquiries:
HSBC North America Holdings Inc.
Rob Sherman, +1 212-525-6901
[email protected]

Source: HSBC North America Holdings Inc.

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