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

March 3, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Mar 3, 2020--

HSBC Bank USA, N.A., and its affiliates announced that they have lowered their prime and reference rates to 4.25% from 4:75%, effective March 4, 2020.

Note to editors:

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through retail banking and wealth management, commercial banking, private banking, and global banking and markets segments. It operates bank branches in: California; Connecticut; Washington, D.C.; Florida; Maryland; New Jersey; New York; 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 FDIC. Investment and brokerage services are provided through HSBC Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided through HSBC Insurance Agency (USA) Inc.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200303006059/en/

CONTACT: Rob Sherman

212-525-6901

robert.a.sherman@us.hsbc.com 

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: HSBC Bank USA, N.A.

Copyright Business Wire 2020.

PUB: 03/03/2020 05:10 PM/DISC: 03/03/2020 05:10 PM

http://www.businesswire.com/news/home/20200303006059/en