By Marisa Wong
Madison, Wis., Dec. 6 - HSBC USA Inc. priced $1.85 million of 10.15% trigger yield optimization notes due Dec. 7, 2012 linked to E.I. du Pont de Nemours and Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note is equal to the initial price of DuPont stock.
The payout at maturity will be par unless the final price of DuPont stock is less than 75% of the initial share price, in which case investors will receive one DuPont share per note.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | E.I. du Pont de Nemours and Co. (NYSE: DD)
|
| Amount: | $1,852,352.90
|
| Maturity: | Dec. 7, 2012
|
| Coupon: | 10.15%
|
| Price: | Par of $47.02
|
| Payout at maturity: | Par unless final price is less than trigger price, in which case one DuPont share per note
|
| Initial price: | $47.02
|
| Trigger price: | $35.27, 75% of initial price
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 7
|
| Agents: | HSBC Securities (USA) Inc. as underwriter and UBS Financial Services Inc. as agent
|
| Fees: | 2%
|
| Cusip: | 40433K850
|
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