HSBC plans 6.5%-9% trigger yield optimization notes tied to Polo stock

By Marisa Wong

Madison, Wis., June 23 - HSBC USA Inc. plans to price 6.5% to 9% annualized trigger yield optimization notes due Dec. 30, 2011 linked to the common stock of Polo Ralph Lauren Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of Polo Ralph Lauren shares.

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

The notes (Cusip: 40433C726) will price on June 28 and settle on June 30.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

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