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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 8.00% to 7.75%. The rate change will take effect the following day. This adjustment represents a 0.25 percentage point decrease in the bank's key lending rate.

HSBC Bank USA e le sue affiliate hanno annunciato una riduzione del loro tasso primario e di riferimento dal 8,00% al 7,75%. La modifica del tasso entrerà in vigore il giorno successivo. Questa variazione rappresenta una diminuzione di 0,25 punti percentuali nel tasso di interesse principale della banca.

HSBC Bank USA y sus afiliadas han anunciado una reducción de su tasa prime y de referencia del 8,00% al 7,75%. El cambio en la tasa entrará en vigor al día siguiente. Este ajuste representa una disminución de 0,25 puntos porcentuales en la tasa de interés principal del banco.

HSBC Bank USA와 그 계열사들은 우대 금리 및 기준 금리8.00%에서 7.75%로 인하한다고 발표했습니다. 금리 변경은 다음 날에 발효됩니다. 이 조정은 은행의 주요 대출 금리에 대해 0.25퍼센트 포인트 감소를 나타냅니다.

HSBC Bank USA et ses filiales ont annoncé une réduction de leur taux de base et de référence de 8,00% à 7,75%. Ce changement de taux prendra effet le lendemain. Cet ajustement représente une baisse de 0,25 point de pourcentage du taux d'intérêt principal de la banque.

HSBC Bank USA und ihre Tochtergesellschaften haben eine Senkung ihres Basis- und Referenzzinssatzes von 8,00% auf 7,75% angekündigt. Die Zinsänderung tritt am folgenden Tag in Kraft. Diese Anpassung stellt eine Senkung um 0,25 Prozentpunkte des wichtigsten Kreditzinssatzes der Bank dar.

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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 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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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 after the recent reduction?

HSBC's new prime rate is 7.75%, reduced from 8.00%.

When does HSBC's prime rate reduction take effect?

The prime rate reduction takes effect the day following the announcement.

How much did HSBC reduce its prime rate by?

HSBC reduced its prime rate by 0.25 percentage points, from 8.00% to 7.75%.

What rates did HSBC adjust in their latest announcement?

HSBC adjusted both their prime and reference rates in their latest announcement.

Does the HSBC prime rate reduction apply to all affiliates?

Yes, the prime rate reduction applies to HSBC Bank USA and all its affiliates.

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