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

October 30, 2019 GMT

NEW YORK--(BUSINESS WIRE)--Oct 30, 2019--

HSBC Bank USA, N.A., and its affiliates announced that they have lowered their prime and reference rates to 4.75% from 5.00%, effective Oct. 31, 2019.

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/20191030006131/en/

CONTACT: Media enquiries to:

Rob Sherman

212-525-6901

robert.a.sherman@us.hsbc.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CONSULTING BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: HSBC Bank USA, N.A.

Copyright Business Wire 2019.

PUB: 10/30/2019 05:13 PM/DISC: 10/30/2019 05:13 PM

http://www.businesswire.com/news/home/20191030006131/en