By Jennifer Chiou
New York, Aug. 31 - HSBC USA Inc. priced $3.62 million of 10.65% trigger yield optimization notes due Aug. 30, 2013 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is equal to the initial share price of Halliburton.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Halliburton stock is less than 75% of the initial share price, in which case investors will receive one Halliburton share per note.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $3,617,402.19
|
| Maturity: | Aug. 30, 2013
|
| Coupon: | 10.65%, payable monthly
|
| Price: | Par of $42.81
|
| Payout at maturity: | Par unless final price is less than trigger price, in which case one Halliburton share per note
|
| Initial price: | $42.81
|
| Trigger price: | $32.11, 75% of initial price
|
| Pricing date: | Aug. 29
|
| Settlement date: | Aug. 31
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 2.75%
|
| Cusip: | 40433C536
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
