HSBC plans 8.2%-10.2% trigger yield optimization notes on JPMorgan

By Jennifer Chiou

New York, Aug. 24 - HSBC USA Inc. plans to price 8.2% to 10.2% trigger yield optimization notes due Aug. 30, 2013 linked to JPMorgan Chase & Co. shares, according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial share price of JPMorgan.

The payout at maturity will be par unless the final price of JPMorgan stock is less than 75% of the initial share price, in which case investors will receive one JPMorgan share per note.

The notes (Cusip: 40433C528) will price on Aug. 29 and settle on Aug. 31.

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

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