AP NEWS

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

June 13, 2018

NEW YORK--(BUSINESS WIRE)--Jun 13, 2018--HSBC Bank USA, N.A. and its affiliates announced that they raised their prime and reference rate to 5.00% from 4.75%, effective Thursday, June 14, 2018.

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; Delaware; 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 the 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/20180613006283/en/

CONTACT: Media enquiries to:

HSBC Bank USA, N.A.

Rob Sherman, 212-525-6901

robert.a.sherman@us.hsbc.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: HSBC Bank USA, N.A.

Copyright Business Wire 2018.

PUB: 06/13/2018 06:14 PM/DISC: 06/13/2018 06:14 PM

http://www.businesswire.com/news/home/20180613006283/en

AP RADIO
Update hourly