By Jennifer Chiou
New York, Aug. 31 - HSBC USA Inc. priced $4.78 million of 9.4% trigger yield optimization notes due Aug. 30, 2013 linked to JPMorgan Chase & Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is equal to the initial share price of JPMorgan.
Interest is payable monthly.
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.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | JPMorgan Chase & Co. (NYSE: JPM)
|
| Amount: | $4,778,096.88
|
| Maturity: | Aug. 30, 2013
|
| Coupon: | 9.4%, payable monthly
|
| Price: | Par of $37.64
|
| Payout at maturity: | Par unless final price is less than trigger price, in which case one JPMorgan share per note
|
| Initial price: | $37.64
|
| Trigger price: | $28.23, 75% of initial price
|
| Pricing date: | Aug. 29
|
| Settlement date: | Aug. 31
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 2.75%
|
| Cusip: | 40433C528
|
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