Company Announcements

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

NEW YORK--(BUSINESS WIRE)--Sep. 21, 2022-- HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 6.25% from 5.50%, effective tomorrow.

About HSBC

HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, including high net worth individuals, small businesses, corporations, institutions and governments. HSBC USA Inc. is a wholly-owned subsidiary of HSBC North America Holdings Inc.

HSBC Holdings plc , the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 63 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,985bn at 30 June 2022, HSBC is one of the world’s largest banking and financial services organisations.

Media enquiries to:

Jack Mullin
External Communications
Jack.f.mullin@us.hsbc.com

Source: HSBC Bank USA, N.A.