HSBC USA INC. 13,000,000 DEPOSITARY SHARES EACH REPRESENTING ONE-FORTIETH OF A SHARE OF FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES G Underwriting Agreement October 6, 2005Underwriting Agreement • October 14th, 2005 • HSBC Usa Inc /Md/ • National commercial banks • New York
HSBC USA Inc., a Maryland corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the Underwriters named in Schedule I hereto (the “Underwriters”), for whom HSBC Securities (USA) Inc. is acting as Representative, an aggregate of 13,000,000 Depositary Shares (the “Firm Preferred Shares”), each representing one-fortieth of a share of Floating Rate Non-Cumulative Preferred Stock, Series G, with a stated value of $1,000 per share and a liquidation preference of $1,000 per share (the “Series G Shares”), of the Company. In addition to the purchase of the Firm Preferred Shares, subject to the terms and conditions herein, the Company proposes to grant the Underwriters an option to purchase up to 1,950,000 additional Depositary Shares (the “Optional Preferred Shares”). The Firm Preferred Shares and any Optional Preferred Shares purchased by the Underwriters are referred to herein as the “Preferred Shares.” The Preferred Shares will, when is
