HSBC plans 5%-6% trigger yield optimization notes linked to Microsoft

By Susanna Moon

Chicago, July 25 - HSBC USA Inc. plans to price 5% to 6% trigger yield optimization notes due July 31, 2014 linked to Microsoft Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The face amount of each note will be equal to the initial price of Microsoft stock.

The payout at maturity will be par in cash unless the final price of Microsoft stock is less than 70% of the initial share price, in which case investors will receive one Microsoft share per note.

HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.

The notes will price on July 27 and settle on July 31.

The Cusip number is 40433M369.

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