NEW YORK--(BUSINESS WIRE)--Nov. 7, 2024-- HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 8.00% to 7.75%, effective tomorrow.

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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 60 countries and territories. With assets of US$3,099bn at 30 September 2024, HSBC is one of the world’s largest banking and financial services organizations.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20241107533252/en/

Media enquiries to:
Jack Mullin
External Communications
Jack.f.mullin@us.hsbc.com

Source: HSBC Bank USA, N.A.