Worldwide Assistance

HSBC Premier, we're there for you anywhere you travel

Whether you're moving overseas for your job, buying a second home, or sending your child to school abroad, HSBC Premier can help you set up in over 40 countries and territories worldwide. As an HSBC Premier client you will enjoy the support of our global network for:

Moving to the U.S.
Moving abroad.
Buying property overseas
Wealth Management.¹

Banking without boundaries

No matter where you travel in the world, Premier makes managing your finances easy.

Global View - monitor balances of your worldwide HSBC accounts online in one convenient place with Global View². Launch the demo to learn more.
Global Transfers - free instant fund transfers online between your worldwide HSBC accounts, whichever country they are in²
The Premier Debit MasterCard® - make purchases from your checking account everywhere MasterCard is accepted with no foreign transaction fees.
The HSBC Premier World MasterCard accepted at millions of locations worldwide, with no foreign transaction fees and with special offers nationally and internationally on travel, dining, shopping and entertainment through HSBC Premier Privileges.
24 hour internet and telephone banking no matter where in the world you are.

Global Travel Insurance

Global Travel Insurance for unexpected emergency costs both home and abroad. Coverage includes medical assistance, replacement medication/travel documents and emergency evacuation for every trip you and your family take this year.³

Emergency Financial Assistance

Immediate cancellation of your debit or credit card when notified it's been lost or stolen
Cash advance of US$2,000 or local currency equivalent if you lose your cash and credit cards
A temporary replacement credit card is available overseas when necessary. Usually on the next day depending on your location.
Supplementary cards provide your family with the same emergency protection and recognition that you receive.

1. Securities and Annuities are provided by Registered Representatives and Insurance Agents of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, registered Futures Commission Merchant, a wholly-owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly-owned subsidiary of HSBC Holdings plc.

Insurance products are offered through Insurance Agents of HSBC Insurance Agency (USA) Inc., a wholly-owned subsidiary of HSBC Bank USA, N.A., an indirectly wholly-owned subsidiary of HSBC Holdings plc. Products and services may vary by state and are not available in all states.

Securities, Annuities and Insurance Products are: Not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency of the United States; Not guaranteed by the bank or any of its affiliates; and are subject to investment risk, including possible loss of principal invested.

HSBC Securities (USA) Inc. or any other member of the HSBC Group may from time to time underwrite, perform or seek to perform investment banking services for issuers or make a market or otherwise buy or sell as principal securities or other instruments, or together with the issuers directors, officers and employees may have either a long or short position in securities, commodities, currencies or other instruments or futures or options contracts convertible into securities or other instruments.

All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.

2. Global View and Global Transfers not available in all countries. Foreign currency exchange rates may apply.

3. Subject to terms and conditions of the policy

HSBC Premier World MasterCard® Credit Cards are issued by HSBC Bank Nevada, N.A. or HSBC Bank USA, N.A.
MasterCard® is a registered trademark of MasterCard International Incorporated

Deposit products provided in the United States by HSBC Bank USA, N.A. - Member FDIC.

United States persons (including U.S. citizens and residents) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts - including, for example, Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts ("FBAR")). U.S. persons should consult a tax adviser for more information.

To qualify for an HSBC Premier relationship, you need to open a Premier Checking account and maintain $100,000 in combined U.S. personal deposit, including Online Savings Account, and investment balances. Business owners may use their commercial balances to qualify for a personal Premier relationship, but these balances cannot be used to meet the new money requirements. A monthly maintenance fee of $50.00 will be incurred if minimum balance requirements are not maintained. You have up to 90 days after account opening to meet the full $100,000 balance requirement. The Annual Percentage Yield (APY) and balance for a Premier Checking Account which is accurate as of July 4, 2011 is 0.01% APY on balances of $5.00 or more. APY is variable and subject to change after opening. Charges and fees may reduce earnings.
¹Securities and Annuity products are provided by Registered Representatives and Insurance Agents of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, registered Futures Commission Merchant, a wholly-owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly-owned subsidiary of HSBC Holdings plc. In California, HSBC Securities (USA) Inc., conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. Insurance products are offered through Insurance Agents of HSBC Insurance Agency (USA) Inc., a wholly-owned subsidiary of HSBC Bank USA, N.A., and an indirectly wholly-owned subsidiary of HSBC Holdings plc. Products and services may vary by state and are not available in all states. California license #: OD36843. Securities, Annuities and Insurance Products are: Not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency of the United States; Not guaranteed by the bank or any of its affiliates; and are subject to investment risk, including possible loss of principal invested.
All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.
²Mutual funds, money market funds, and Exchange Traded Funds are sold by prospectus. Please consider the investment objectives, risks, charges and expenses carefully before investing. The prospectus, which contains this and other information, can be obtained by calling an HSBC Securities (USA) Inc. Financial Advisor. Read it carefully before you invest.
Fixed Income products are subject generally to interest rate, credit, liquidity and market risks. Income from municipal securities may be subject to state and local taxes as well as the Alternative Minimum Tax. Call features may exist that can impact yield. If sold prior to maturity, investments in municipal securities are subject to gains/losses based on the level of interest rates, market conditions and credit quality of the issuer. Additional information about individual municipal securities, including municipal disclosure documents, and about market activity may be available from the Municipal Securities Rulemaking Board's Electronic Municipal Market Access information site, www.emma.msrb.org. HSBC Securities (USA) Inc. does not provide tax, legal or accounting advice. Please contact your tax advisor regarding the suitability of tax-exempt investments in your portfolio and your accounting advisor to determine the appropriate accounting treatment.
³Rates are accurate as of August 15, 2011. The variable Purchase APR applies to credit card purchases and is 9.99%. The variable Balance Transfer APR applies to balance transfers and credit card checks and is 9.99%. The variable Cash APR applies to cash advances and is 21.99%. Your APRs may increase to the variable Penalty APR of 27.24% if you fail to make a minimum payment to us when due. These APRs will vary with the market based on the Prime Rate. For each billing cycle, variable APRs are calculated by adding a specified amount ("Spread") to the U.S. Prime Rate published in the Money Rates table of The Wall Street Journal that is in effect on the last day of the month ("Prime Rate"). If the Prime Rate changes, the new APRs will take effect on the first day of your billing cycle beginning in the next month. The Minimum Interest Charge is $0.50. A Cash Advance Fee of $5 or 3% on each transaction, whichever is greater, $50 maximum will apply. A Balance Transfer Fee of $5 or 3% on each transaction, whichever is greater, $50 maximum, will apply, unless otherwise disclosed. There is no Overdraft Fee, Annual Fee or Foreign Transaction Fee.
We have the right to change your APRs, fees, and other terms in accordance with your Agreement and applicable law. Reasons for change may include, but are not limited to, any change in your credit history, credit obligations, account performance, use of your credit lines, or our financial return. Notice of any changes will be provided to you required by law, which may include the right to opt out of certain changes.
⁴Reward Points can only be granted upon approval of the HSBC Premier World MasterCard^®, which requires an HSBC Premier relationship and is subject to credit approval. HSBC Premier World MasterCard^® Credit Cards issued by HSBC Bank Nevada, N.A. or HSBC Bank USA, N.A. Rewards program rules will be supplied to all new Card members following the receipt of their card.
⁵Global View, Global Transfers, and international account opening are not available in all countries. Foreign currency exchange rates may apply.
⁶To be eligible for a Premier mortgage, you need to maintain a Premier relationship and a minimum of $100,000 USD (or equivalent) in qualifying personal and/or commercial deposit and investment balances with HSBC in the U.S. or your home country. Interest rate may increase per the terms stated in your adjustable rate note, and for both fixed and adjustable rate Premier Deluxe Mortgage options in the event you cease to maintain the requirements stated above. Discounts and loan amounts depend on specific programs and may require certain Premier balances, reserves, equity and automatic payment from a Premier Checking account.
United States persons (including U.S. citizens and residents) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts — including, for example, Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts ("FBAR")). U.S. persons should consult a tax adviser for more information.
MasterCard^® and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated.
Mortgage and Home Equity products are offered in the U.S. by HSBC Bank USA, N.A. and are subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply.Equal Housing Lender.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. ©2011 HSBC Bank USA, N.A

Even citizens of the world need a place to call home

HSBC Premier offers you unique mortgage solutions whether you're buying a home around the block or halfway around the world.¹

Our best rates²on fixed and ARM options in the U.S.

Premier Deluxe Jumbo mortgages feature our best rates² closing cost credit, and up to $5 million in financing
Conforming mortgages for Premier clients also feature our best rates.²

HSBC Premier can help you purchase a home abroad

If you are settling overseas, take advantage of portable HSBC credit history.³

Calculator & Tools

How much will my mortgage payments be?
Home Buyers' Guide

HSBC Premier gives you options to turn your home equity into a source of funds

If you're looking for an ongoing source of funds, consider the Premier Home Equity Line of Choice^SM

Combines the flexibility of a line of credit with the security of a fixed-rate loan in one convenient account.
Offers a 1.00% discount⁴ when you have your payments automatically deducted from your Premier Checking account.
No annual or up-front fees or closing costs⁵ on Premier Home Equity financing
Simple process with quick turnaround - you could close in as few as 5 days⁶
A limited time offer of Prime + 0% (currently 3.25% APR) available for six months from the date the account is opened, thereafter Prime + 1.99% (currently 5.24% APR)⁷

How to Get the HSBC Premier Mortgage or Home Equity Financing

In order to get the HSBC Premier Mortgage or Home Equity financing, you need to begin a Premier Relationship. Apply for Premier now.

For existing Premier customers, please contact our mortgage loan consultants: 1-866-209-1115 or visit your nearest mortgage office.

Premier Mortgages are not available in all countries.

Discounts and loan amount depend on specific program and may require certain Premier balances, reserves, equity and automatic payment from a Premier checking account. Premier customers will need to maintain combined personal and/or qualifying commercial deposit and investment balances of at least $100,000 USD or equivalent at HSBC(in the U.S. or home country) to be eligible for Premier Mortgages.
Portable HSBC credit history is not available in all countries.
Discounts can be cancelled or subject to change at any time. Discount cannot be combined with any other offer or discount. To qualify for Premier preferred rates on a Home Equity Line of Choice^SM , payment must be made via automatic payment deduction from a Premier Checking account.
No closing costs are charged at account opening for a Home Equity less than $500,000. If you terminate your account within the first three years, you will have an early termination fee of $500 ($750 if the property securing the account is located in California or Virginia) plus the amount of the Mortgage Tax, Intangible Tax, Documentary Stamp Tax or Mortgage Registry Tax (NY, FL, GA, MN, OK, TN). These taxes could range from $270 to $19,900. In addition to the above, for a Home Equity greater than $500,000 (processed on an exception basis), you will be required to pay any mortgage tax-like fees associated with the amount greater than $500,000 at the time your account is established. Property and flood insurance if applicable are required.
Length of time may vary based on collateral type, total loan to value and credit score
Introductory rate of Prime + 0%, (currently 3.25% APR as of 07/07/11), is available for six months from the date the account is opened ("Introductory Period"). The Introductory Period APR may vary daily based on the Prime rate published in The Wall Street Journal. If The Wall Street Journal publishes more than one US Prime Rate for a day, the Index Rate will be the average of those rates. As of 08/02/10 Prime Rate is 3.25%. On the first rate change date after the Introductory Period, the APR will adjust to the regular variable rate. Regular variable rate for an approved Home Equity Line of Choice of $50,000 or more with a Total Loan to Value (TLTV) <80% is Prime +1.99 (5.24% APR as of 07/07/10). The rate for similar lines with automatic payment from HSBC Premier Checking is Prime + 0.99 (currently 4.24% APR). Rates vary for different TLTV's, line amounts, property and product types. Please contact us for current rates on lines with different terms. The maximum APR that can apply is the greater of 15.9% APR or 5 percentage points over the initial APR in effect as of closing.

All loans are subject to credit approval. Rate discount does not apply to introductory rates.

Deposit Products are offered in the United States through HSBC Bank USA, N.A. - Member FDIC

Mortgage and Home Equity products offered in the U.S. through HSBC Bank USA, N.A.

To qualify for an HSBC Premier relationship, you need to open a Premier Checking account and maintain $100,000 in combined U.S. personal deposit, including Online Savings Account, and investment balances. Business owners may use their commercial balances to qualify for a personal Premier relationship, but these balances cannot be used to meet the new money requirements. A monthly maintenance fee of $50.00 will be incurred if minimum balance requirements are not maintained. You have up to 90 days after account opening to meet the full $100,000 balance requirement. The Annual Percentage Yield (APY) and balance for a Premier Checking Account which is accurate as of July 4, 2011 is 0.01% APY on balances of $5.00 or more. APY is variable and subject to change after opening. Charges and fees may reduce earnings.
¹Securities and Annuity products are provided by Registered Representatives and Insurance Agents of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, registered Futures Commission Merchant, a wholly-owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly-owned subsidiary of HSBC Holdings plc. In California, HSBC Securities (USA) Inc., conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. Insurance products are offered through Insurance Agents of HSBC Insurance Agency (USA) Inc., a wholly-owned subsidiary of HSBC Bank USA, N.A., and an indirectly wholly-owned subsidiary of HSBC Holdings plc. Products and services may vary by state and are not available in all states. California license #: OD36843. Securities, Annuities and Insurance Products are: Not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency of the United States; Not guaranteed by the bank or any of its affiliates; and are subject to investment risk, including possible loss of principal invested.
All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.
²Mutual funds, money market funds, and Exchange Traded Funds are sold by prospectus. Please consider the investment objectives, risks, charges and expenses carefully before investing. The prospectus, which contains this and other information, can be obtained by calling an HSBC Securities (USA) Inc. Financial Advisor. Read it carefully before you invest.
Fixed Income products are subject generally to interest rate, credit, liquidity and market risks. Income from municipal securities may be subject to state and local taxes as well as the Alternative Minimum Tax. Call features may exist that can impact yield. If sold prior to maturity, investments in municipal securities are subject to gains/losses based on the level of interest rates, market conditions and credit quality of the issuer. Additional information about individual municipal securities, including municipal disclosure documents, and about market activity may be available from the Municipal Securities Rulemaking Board's Electronic Municipal Market Access information site, www.emma.msrb.org. HSBC Securities (USA) Inc. does not provide tax, legal or accounting advice. Please contact your tax advisor regarding the suitability of tax-exempt investments in your portfolio and your accounting advisor to determine the appropriate accounting treatment.
³Rates are accurate as of August 15, 2011. The variable Purchase APR applies to credit card purchases and is 9.99%. The variable Balance Transfer APR applies to balance transfers and credit card checks and is 9.99%. The variable Cash APR applies to cash advances and is 21.99%. Your APRs may increase to the variable Penalty APR of 27.24% if you fail to make a minimum payment to us when due. These APRs will vary with the market based on the Prime Rate. For each billing cycle, variable APRs are calculated by adding a specified amount ("Spread") to the U.S. Prime Rate published in the Money Rates table of The Wall Street Journal that is in effect on the last day of the month ("Prime Rate"). If the Prime Rate changes, the new APRs will take effect on the first day of your billing cycle beginning in the next month. The Minimum Interest Charge is $0.50. A Cash Advance Fee of $5 or 3% on each transaction, whichever is greater, $50 maximum will apply. A Balance Transfer Fee of $5 or 3% on each transaction, whichever is greater, $50 maximum, will apply, unless otherwise disclosed. There is no Overdraft Fee, Annual Fee or Foreign Transaction Fee.
We have the right to change your APRs, fees, and other terms in accordance with your Agreement and applicable law. Reasons for change may include, but are not limited to, any change in your credit history, credit obligations, account performance, use of your credit lines, or our financial return. Notice of any changes will be provided to you required by law, which may include the right to opt out of certain changes.
⁴Reward Points can only be granted upon approval of the HSBC Premier World MasterCard^®, which requires an HSBC Premier relationship and is subject to credit approval. HSBC Premier World MasterCard^® Credit Cards issued by HSBC Bank Nevada, N.A. or HSBC Bank USA, N.A. Rewards program rules will be supplied to all new Card members following the receipt of their card.
⁵Global View, Global Transfers, and international account opening are not available in all countries. Foreign currency exchange rates may apply.
⁶To be eligible for a Premier mortgage, you need to maintain a Premier relationship and a minimum of $100,000 USD (or equivalent) in qualifying personal and/or commercial deposit and investment balances with HSBC in the U.S. or your home country. Interest rate may increase per the terms stated in your adjustable rate note, and for both fixed and adjustable rate Premier Deluxe Mortgage options in the event you cease to maintain the requirements stated above. Discounts and loan amounts depend on specific programs and may require certain Premier balances, reserves, equity and automatic payment from a Premier Checking account.
United States persons (including U.S. citizens and residents) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts — including, for example, Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts ("FBAR")). U.S. persons should consult a tax adviser for more information.
MasterCard^® and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated.
Mortgage and Home Equity products are offered in the U.S. by HSBC Bank USA, N.A. and are subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply.Equal Housing Lender.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. ©2011 HSBC Bank USA, N.A.

U.S. Press Room

Welcome to the U.S. Press Room for HSBC, providing recent news and information about HSBC’s U.S. businesses.

News releases published here are current as of the date posted. They are not updated for subsequent events.

HSBC Appoints Stephen Bottomley Head of Commercial Banking for North America

10 January 2012

New York, NY - HSBC North America Holdings Inc. (HSBC) today announced the appointment of Stephen Bottomley as a Senior Executive Vice President and Head of Commercial Banking for North America. Based in New York City, he will manage HSBC's commercial banking operations across the United States, Canada and Bermuda. He succeeds Mark Watkinson, who became Chief Executive Officer, Malta. In his new role, Bottomley reports to Alan Keir, Group Managing Director and Global Head of Commercial Banking, and locally to Irene Dorner, Group General Manager, President and CEO, HSBC USA.

Prior to his new role, Bottomley served as HSBC's Head of Strategy and Planning for the Middle East and North Africa (MENA) region. During his nearly 30-year career with HSBC, Bottomley has held numerous executive leadership positions, including as the Head of European Strategy, the Head of Commercial Banking in the United Kingdom and the Head of Commercial Finance in Europe. One of Bottomley's first executive assignments was in Toronto as an Assistant Vice President with HSBC Bank Canada.

"Today, tremendous opportunity exists for North American businesses to flourish in the international marketplace," said Irene Dorner. "Steve will lead a growing commercial banking business here, which is at the center of HSBC's strategy in the region. I am confident Steve's experience, ability to execute and strong leadership will further our efforts to serve the growing number of small, middle-market and large companies conducting business or considering conducting business internationally."

With commercial banking operations in 65 markets around the world, including every region of the U.S., HSBC is the world's leading international business bank and widely recognized as a leading authority and trusted advisor on international trade and finance matters.

"North America accounts for nearly 15 percent of world trade, making it a vital international trade hub and an important regional market for HSBC. In coming years, international trade flows from the region are expected to grow substantially, especially with many emerging economies where HSBC has a long established presence," Alan Keir said. "Clients in the United States, Canada and Bermuda will be well served by Steve, a leader well versed in all that HSBC has to offer commercial banking clients requiring credit, trade and treasury solutions in current markets they operate or in new international markets where they want to expand their business."

Bottomley is a 1982 graduate of Loughborough University in the United Kingdom, where he earned a bachelor's degree in banking and finance.

Notes to editors:
About HSBC North America Holdings Inc.
HSBC North America Holdings Inc. is one of the ten largest bank holding companies in the United States with assets of US $366.3 billion at 30 June 2011 (US GAAP). The company's businesses serve customers in the following key areas: retail banking and wealth management, credit cards, specialty insurance products, commercial banking, private banking, asset management, and global banking and markets.

About HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,500 offices in over 80 countries and territories in Europe, the Asia-Pacific region, North and Latin America, the Middle East and Africa. With assets of US$2,691bn at 30 June 2011, HSBC is one of the world's largest banking and financial services organisations.

Media Contacts

Clinton Riley
clinton.r.riley@us.hsbc.com
212 525-7303

HSBC Warm Springs Branch Celebrates Notable Anniversary

4 January 2012

New York, NY - HSBC Bank USA, N.A. celebrates a notable branch anniversary this year with six years of serving the banking needs of the Alameda County region. The HSBC branch located in Warm Springs has played an active role in the community since first opening its doors in 2006.

Located in the Franciscan Center on Mission Boulevard, the 1,800 square-foot facility features a customer friendly design incorporating a Premier banking lounge and Business Banking Center with access to a full suite of commercial products and services including: Deposit, Commercial Lending, Payments & Cash Management, Trade & Supply Chain and Foreign Exchange. Also on hand are express banking ATMs and teller services for Premier, Business and other retail transactions along with several meeting rooms.

Staffed by a team of eight employees including on-site Business Banking professionals, the Warm Springs branch can provide customers with assistance in multiple languages including English, Mandarin and Cantonese. Among them they offer more than 50 years of combined banking experience.

"This anniversary represents an important milestone," said Cha Park, Senior Vice President and District Executive, HSBC Bank USA, N.A. "The Warm Springs branch with its strong international connectivity helps to enhance HSBC's California branch network and we're pleased to provide a full suite of banking products to local businesses and individuals who benefit both from our on-the-ground presence and extensive global reach."

Note to editors:
HSBC in California
Through its network of 38 branches and several commercial banking offices located across the Greater Los Angeles, San Francisco and San Diego Metropolitan areas, HSBC Bank USA, N.A. offers a full range of banking products and services to individuals, small businesses, corporations and institutions. It leverages HSBC Group's international network to provide market leading product and services to meet its clients growing international needs.

United States persons (including U.S. citizens and residents) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts -- including, for example, Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts ("FBAR")). U.S. persons should consult a tax adviser for more information.

HSBC Bank USA, National Association, with total assets of $195.1 billion as of 30 June 2011 (US GAAP), serves around 4 million customers through its personal financial services, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 470 bank branches throughout the United States. There are over 370 in New York state as well as branches in Connecticut, Washington, D.C., Florida, New Jersey, Pennsylvania, Maryland, Virginia, California, Delaware, Illinois, Oregon and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc., one of the nation's largest bank holding companies by assets. HSBC Bank USA, N.A. is a member of the FDIC.

Media Contacts

Neil Brazil
neil.brazil@us.hsbc.com
847 208 4319

HSBC Card & Retail Services Renews Private Label Credit Card Agreements With Saks Incorporated and Three Other Top Companies

Darvin Furniture, Big Lots and Jordan's Furniture Also Extend Agreements

29 December 2011

Mettawa, Ill. - HSBC North America's Card and Retail Services business has reached agreement with Saks Incorporated and three other major retailers to continue the management of their private label credit card programs. In addition to reaching a new agreement with Saks, HSBC also renewed the programs for Darvin Furniture, Big Lots and Jordan's Furniture. All four companies have also agreed to the assignment of their program agreements to Capital One upon closing of its planned acquisition of HSBC's card and retail services business which was announced in August.

"We are very proud of our long-term, productive relationships with these partners," said Steven Mattics, Head of Retail Services for HSBC. "Our customized financing products have made it easier than ever for our merchant partners to meet the credit needs of their customers, deepen loyalty for their brand and increase their sales. These renewals demonstrate the strength of our long term partnerships and the value of our industry leading private label capabilities."

In extending its private label credit card program agreement, Saks Incorporated continues a relationship with HSBC first established in 2003. Saks Incorporated, based in New York , New York, is one of the world's pre-eminent specialty retailers, operating 46 Saks Fifth Avenue stores, 61 Saks Fifth Avenue OFF 5TH stores, and saks.com.

Darvin Furniture of Orland Park, Illinois and HSBC will renew a relationship that spans over 30 years. Darvin Furniture is recognized as one of the top 100 furniture stores in America.

Big Lots and HSBC have been private label partners since March 2005. Big Lots, headquartered in Columbus, Ohio, is the nation's largest broadline closeout retailer, offering brand name products in more than 1,400 retail stores serving 48 states.

Jordan's Furniture has been an HSBC private label partner since 1991. Jordan's is a Berkshire Hathaway company operating six stores in Massachusetts and New Hampshire.

Media Contact: Neal McGarity at

212-525-3422 or Neal.e.mcgarity@us.hsbc.com

About HSBC Card and Retail Services:
Card and Retail Services is the seventh largest provider of MasterCard and Visa credit cards in the United States. In addition, Card and Retail Services is the third largest issuer of private label (merchant branded) credit cards in the U.S. and also offers co-brand cards. The business has private label card relationships with over 20 merchants, including some of the world's premier retailers and manufacturers.

The largest U.S. banks

Monday, January 16, 2012

HSBC Bank USA