U.S. Markets open in 6 hrs 40 mins

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

NEW YORK--(BUSINESS WIRE)--

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/