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

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HSBC Bank USA and its affiliates have announced a reduction in their prime and reference rate from 7.75% to 7.50%. This 25-basis-point decrease will take effect on December 19, 2024. The announcement was made from New York, reflecting an important adjustment to one of the bank's key lending rates.

HSBC Bank USA e le sue affiliate hanno annunciato una riduzione del loro tasso prime e di riferimento dal 7,75% al 7,50%. Questa diminuzione di 25 punti base entrerà in vigore il 19 dicembre 2024. L'annuncio è stato effettuato da New York, riflettendo un importante adeguamento a uno dei tassi di interesse chiave della banca.

HSBC Bank USA y sus filiales han anunciado una reducción en su tasa preferencial y de referencia del 7.75% al 7.50%. Esta disminución de 25 puntos básicos entrará en vigor el 19 de diciembre de 2024. El anuncio se realizó desde Nueva York, lo que refleja un ajuste importante en una de las tasas de préstamo clave del banco.

HSBC 뱅크 USA와 그 자회사들은 프라임 및 기준 금리7.75%에서 7.50%로 낮추겠다고 발표했습니다. 이번 25베이시스 포인트 감소는 2024년 12월 19일부터 적용됩니다. 이 발표는 뉴욕에서 이루어졌으며, 은행의 주요 대출 금리에 대한 중요한 조정을 반영합니다.

HSBC Bank USA et ses filiales ont annoncé une réduction de leur taux préférentiel et de référence de 7,75% à 7,50%. Cette diminution de 25 points de base prendra effet le 19 décembre 2024. L'annonce a été faite depuis New York, reflétant un ajustement important dans l'un des taux de prêt clés de la banque.

HSBC Bank USA und ihre Tochtergesellschaften haben eine Senkung ihres Basis- und Referenzzinssatzes von 7,75% auf 7,50% angekündigt. Diese Reduzierung um 25 Basispunkte tritt am 19. Dezember 2024 in Kraft. Die Ankündigung wurde aus New York gemacht und spiegelt eine wichtige Anpassung eines der wichtigsten Kreditzinssätze der Bank wider.

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NEW YORK--(BUSINESS WIRE)-- HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 7.75% to 7.50%, effective tomorrow, 12/19/2024.

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.

Media enquiries to:

Jack Mullin

External Communications

Jack.f.mullin@us.hsbc.com

Source: HSBC Bank USA, N.A.

FAQ

What is HSBC's new prime rate effective December 19, 2024?

HSBC's new prime rate will be 7.50%, reduced from 7.75%, effective December 19, 2024.

How much did HSBC reduce its prime rate in December 2024?

HSBC reduced its prime rate by 25 basis points (0.25%), from 7.75% to 7.50%.

When will HSBC's prime rate reduction take effect?

HSBC's prime rate reduction will take effect on December 19, 2024.

What was HSBC's prime rate before the December 2024 reduction?

HSBC's prime rate before the reduction was 7.75%.

How will HSBC's prime rate reduction affect borrowers?

The reduction in HSBC's prime rate to 7.50% will generally lead to lower interest rates on various lending products tied to the prime rate, potentially reducing borrowing costs for customers.

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