By Marisa Wong
Madison, Wis., Jan. 31 - HSBC USA Inc. priced $4.34 million of 11.1% trigger yield optimization notes due Jan. 31, 2013 linked to the common stock of Nabors Industries Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $17.93, which is equal to the initial share price of Nabors stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Nabors stock is less than 65% of the initial share price, in which case investors will receive one Nabors share per note.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Nabors Industries Ltd. (NYSE: NBR)
|
| Amount: | $4,344,313.49
|
| Maturity: | Jan. 31, 2013
|
| Coupon: | 11.1%, payable monthly
|
| Price: | Par of $17.93
|
| Payout at maturity: | If final share price is less than trigger price, one Nabors share; otherwise, par
|
| Initial share price: | $17.93
|
| Trigger price: | $11.65, 65% of initial price
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 31
|
| Underwriters: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40433K561
|
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