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HSBC plans 8.2%-10.7% trigger yield optimization notes tied to Nvidia
By Susanna Moon
Chicago, April 11 - HSBC USA Inc. plans to price 8.2% to 10.7% trigger yield optimization notes due April 19, 2013 linked to Nvidia Corp. shares, according to an FWP filing with the Securities and Exchange Commission.
The face amount of each note will equal the initial share price of Nvidia stock.
Interest is payable monthly.
The payout at maturity will be par unless the stock finishes below the 70% trigger level, in which case investors will receive one Nvidia share per note.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
The notes will price on April 13 and settle on April 18.
The Cusip is 40433M708.
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