By Jennifer Chiou
New York, Dec. 30 - HSBC USA Inc. priced $2.38 million of 8.75% trigger yield optimization notes due Dec. 31, 2012 linked to Barrick Gold Corp. 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 Barrick Gold stock.
The payout at maturity will be par in cash unless the final price of Barrick Gold stock is less than 75% of the initial share price, in which case investors will receive one Barrick Gold share per note.
UBS Financial Services Inc. and HSBC USA Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Barrick Gold Corp. (Symbol: ABX)
|
| Amount: | $2,383,606.96
|
| Maturity: | Dec. 31, 2012
|
| Coupon: | 8.75%, payable monthly
|
| Price: | Par of $44.24
|
| Payout at maturity: | If final share price is less than trigger price, one Barrick Gold share; otherwise, par
|
| Initial share price: | $44.24
|
| Trigger price: | $33.18, 75% of initial price
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 30
|
| Agents: | UBS Financial Services Inc. and HSBC USA Inc.
|
| Fees: | 2%
|
| Cusip: | 40433K728
|
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