HSBC USA Adjustable Rate (4.5% Min) Cumulative Preferred Stock

By: ,

 Originally Republic New York Issue

S&P Rating   BBB+   Moodys Rating   Baa1

Security Ticker Symbol   HUSI-D


Market Traded ON   NYSE

Dividend Payment Paid on the 1st of January, April, July and October beginning on 07/01/1994

Quarterly Dividend   .281   Annual Dividend   1.125

Dividend will be a minimum of 4.5% and maximum of 10.5%. The rate to be determined quarterly and is 81% of the greater of the Ten Year Constant Maturity rate, the Treasury Bill Rate and the 30 year Constant Maturity rate. 

Securities may be redeemed, at the issuers option, as early as 07/01/1999 for a redemption price of $25/share plus accrued dividends


Dividend Payment Likely Will be a Qualified Distributions

Maturity Date   None


Company Investor Relations Page for HSBC

Below you can find the offering Prospectus and Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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