E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/25/2012 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $442,691 6.6% trigger yield optimization notes linked to Whole Foods

By Angela McDaniels

Tacoma, Wash., Sept. 25 - HSBC USA Inc. priced $442,691 of 6.6% trigger yield optimization notes due Sept. 29, 2014 linked to the common stock of Whole Foods Market, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $99.75, which is equal to the initial share price of Whole Foods stock.

Interest is payable monthly.

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

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as dealer.

Issuer:HSBC USA Inc.
Issue:Trigger yield optimization notes
Underlying stock:Whole Foods Market, Inc. (Symbol: WFM)
Amount:$442,690.50
Maturity:Sept. 29, 2014
Coupon:6.6%, payable monthly
Price:Par of $99.75
Payout at maturity:If final share price is less than trigger price, one Whole Foods share; otherwise, par
Initial share price:$99.75
Trigger price:$69.83, 70% of initial price
Pricing date:Sept. 21
Settlement date:Sept. 28
Underwriter:HSBC Securities (USA) Inc.
Dealer:UBS Financial Services Inc.
Fees:2.75%
Cusip:40433M120

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.