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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Long-term Debt, Unclassified [Abstract]  
Schedule of long-term debt instruments
The composition of long-term debt is presented in the following table. Interest rates on floating rate notes are determined periodically by formulas based on certain money market rates or, in certain instances, by minimum interest rates as specified in the agreements governing the issues. Interest rates and maturity dates in effect at December 31, 2019 are shown in the below table.
 
 
 
 
At December 31,
 
Maturity Date
Range
Interest Rate
Range
Interest Rate
Weighted
Average
2019
 
2018
 
 
 
 
(in millions)
Issued or acquired by HSBC USA:
 
 
 
 
 
 
Senior debt:
 
 
 
 
 
 
Fixed-rate notes
2020-2025
2.35% - 4.20%
3.20%
$
6,231

 
$
7,886

Floating-rate notes
 
 
 

 
350

Structured notes
2020-2045
1.74% - 4.21%
2.49%
7,995

 
8,850

Total senior debt
 
 
 
14,226

 
17,086

Subordinated debt:
 
 
 
 
 
 
Fixed-rate notes
2020-2097
5.00% - 9.30%
6.16%
1,172

 
1,170

Floating-rate notes
2025
4.12%
4.12%
850

 
850

Total subordinated debt
 
 
 
2,022

 
2,020

Mark-to-market adjustment on fair value option debt
 
 
 
1,195

 
(243
)
Total issued or acquired by HSBC USA
 
 
 
17,443

 
18,863

Issued or acquired by HSBC Bank USA and its subsidiaries:
 
 
 
 
 
 
Senior debt:
 
 
 
 
 
 
Fixed-rate notes
2021-2026
3.67% - 4.37%
3.89%
5,124

 
4,927

Floating-rate notes
2036-2040
1.71% - 1.88%
1.73%
29

 
31

Structured notes
2020-2027
1.76% - 3.04%
2.93%
192

 
769

FHLB advances - floating-rate
2036
1.97%
1.97%
1,000

 
2,100

Total senior debt
 
 
 
6,345

 
7,827

Subordinated fixed-rate notes
2020-2039
4.88% - 7.00%
5.67%
2,685

 
3,676

Long-term debt issued by VIE - fixed-rate
 
 
 

 
66

Mark-to-market adjustment on fair value option debt
 
 
 
224

 
196

Total issued or acquired by HSBC Bank USA and its subsidiaries
 
 
 
9,254

 
11,765

Total long-term debt
 
 
 
$
26,697

 
$
30,628

Maturities of long-term debt
Maturities of long-term debt at December 31, 2019 were as follows:
  
(in millions)
2020
$
7,259

2021
6,025

2022
2,230

2023
1,150

2024
1,484

Thereafter
8,549

Total
$
26,697