PRESS RELEASE: HSBC USA Inc. Declares Dividends for Holders of Preferred Stock

29th Jul 2010 16:00

NEW YORK--(BUSINESS WIRE)--July 29, 2010-- HSBC USA Inc. announced today that its board of directors declared the regular quarterly cash dividend on the company's preferred stock as follows, each such dividend payable on October 1, 2010 to stockholders of record on September 15, 2010: Series Dividend -------------------------------------- -------------------------------------- 6.50% Non-Cumulative Preferred Stock, $16.25 per share (equivalent to 40.625 Series H cents per Depositary Share) Floating Rate Non-Cumulative Preferred $10.22224 per share (equivalent to Stock, Series G 25.5556 cents per Depositary Share) Floating Rate Non-Cumulative Preferred $0.223612 (22.3612 cents) per share Stock, Series F Adjustable Rate Cumulative Preferred $1.125 per share (equivalent to 28.125 Stock, Series D cents per Depositary Share) $2.8575 Cumulative Preferred Stock $0.714375 (71.4375 cents) per share About HSBC USA Inc. HSBC USA Inc. and its subsidiaries including HSBC Bank USA, N.A. (collectively, HUSI) offer its four million plus retail customers access to global markets and services. The bank provides a full-range of banking products and services to individuals, corporations, small businesses, institutions and governments through its personal financial services, commercial banking, private banking and global banking and markets segments. HSBC USA Inc. is an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc., one of the largest bank holding companies in the United States by assets. CONTACT: HSBC Media Contact: Rob Sherman 212-525-6901 [email protected] SOURCE: HSBC Copyright Business Wire 2010 Order free Annual Report for HSBC Holdings plc Visit http://djnweurope.ar.wilink.com/?ticker=GB0005405286 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 29, 2010 11:00 ET (15:00 GMT)