New Issue: HSBC prices $441,142 of 11.1% trigger yield optimization notes linked to F5 Networks

By Jennifer Chiou

New York, March 13 - HSBC USA Inc. priced $441,142 of 11.1% trigger yield optimization notes due March 15, 2013 linked to the common stock of F5 Networks, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note will equal the initial share price of F5 Networks stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of F5 Networks stock is less than 70% of the initial share price, in which case investors will receive one F5 Networks share per note.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.

Issuer:	HSBC USA Inc.
Issue:	Trigger yield optimization notes
Underlying stock:	F5 Networks, Inc. (Symbol: FFIV)
Amount:	$441,142.32
Maturity:	March 15, 2013
Coupon:	11.1%, payable monthly
Price:	Par of $125.61
Payout at maturity:	If final share price is less than trigger price, one F5 Networks share; otherwise, par
Initial share price:	$125.61
Trigger price:	$87.93, 70% of initial price
Pricing date:	March 9
Settlement date:	March 14
Underwriters:	UBS Financial Services Inc. and HSBC USA Inc.
Fees:	2%
Cusip:	40433K272

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