HSBC plans 9%-11.5% trigger yield optimization notes tied to SanDisk

By Marisa Wong

Madison, Wis., Dec. 21 - HSBC USA Inc. plans to price 9% to 11.5% trigger yield optimization notes due Dec. 31, 2012 linked to the common stock of SanDisk Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

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

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

The notes (Cusip: 40433K736) are expected to price Dec. 28 and settle Dec. 30.

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

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