By Angela McDaniels
Tacoma, Wash., April 25 - HSBC USA Inc. priced $8.67 million of 7.4% trigger yield optimization notes due April 30, 2012 linked to Deere & Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note is $95.25, which is equal to the initial share price of Deere.
The payout at maturity will be par unless the final price of Deere stock is less than 80% of the initial share price, in which case investors will receive one Deere 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: | Deere & Co. (NYSE: DE)
|
| Amount: | $8,668,797.75
|
| Maturity: | April 30, 2012
|
| Coupon: | 7.4%, payable monthly
|
| Price: | Par of $95.25
|
| Payout at maturity: | If final price of Deere stock is less than trigger price, one Deere share; otherwise, par
|
| Initial share price: | $95.25
|
| Trigger price: | $76.20, 80% of initial share price
|
| Pricing date: | April 21
|
| Settlement date: | April 29
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40433C866
|
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