HSBC to price 7.75%-10.25% yield optimization notes on Baker Hughes

By E. Janene Geiss

Philadelphia, Nov. 5 - HSBC USA Inc. plans to price yield optimization notes with contingent protection due Nov. 21, 2011 linked to the common stock of Baker Hughes Inc., according to an FWP filing with the Securities and Exchange Commission.

The one-year notes will carry a coupon of 7.75% to 10.25%. The exact rate will be set at pricing. Interest will be payable monthly.

The face amount of each note will be equal to the initial share price of Baker Hughes stock.

The payout at maturity will be par unless the final price of Baker Hughes stock is less than 80% of the initial share price, in which case investors will receive one Baker Hughes share per note.

The notes (Cusip 40432R427) are expected to price Nov. 15 and settle Nov. 18.

UBS Financial Services Inc. is the agent.

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