New Issue: HSBC prices $946,955 10.6% trigger yield optimization notes on Advanced Micro Devices

By Toni Weeks

San Diego, Feb. 22 - HSBC USA Inc. priced $946,955 of 10.6% trigger yield optimization notes due Feb. 25, 2013 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note will equal the initial share price of Advanced Micro Devices stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Advanced Micro Devices stock is less than 70% of the initial share price, in which case investors will receive one Advanced Micro Devices 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:	Advanced Micro Devices, Inc. (NYSE: AMD)
Amount:	$946,955.24
Maturity:	Feb. 25, 2013
Coupon:	10.6%, payable monthly
Price:	Par of $7.42
Payout at maturity:	If final share price is less than trigger price, one Advanced Micro Devices share; otherwise, par
Initial share price:	$7.42
Trigger price:	$5.19, 70% of initial price
Pricing date:	Feb. 17
Settlement date:	Feb. 23
Underwriters:	UBS Financial Services Inc. and HSBC USA Inc.
Fees:	2%
Cusip:	40433K462

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