Published on 12/21/2011 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $466,818 9.5% trigger yield optimization notes on CME Group
By Susanna Moon
Chicago, Dec. 21 - HSBC USA Inc. priced $466,818 of 9.5% trigger yield optimization notes due Dec. 21, 2012 linked to CME Group Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note is equal to the initial price of CME Group stock.
The payout at maturity will be par in cash unless the final price of CME Group stock is less than 75% of the initial share price, in which case investors will receive one CME Group share per note.
UBS Financial Services Inc. and HSBC USA Inc. are the agents.
Issuer: | HSBC USA Inc.
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Issue: | Trigger yield optimization notes
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Underlying stock: | CME Group Inc. (Nasdaq: CME)
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Amount: | $466,818
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Maturity: | Dec. 21, 2012
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Coupon: | 9.5%, payable monthly
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Price: | Par of $242.00
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Payout at maturity: | If final share price is less than trigger price, one CME Group share; otherwise, par
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Initial share price: | $242.00
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Trigger price: | $181.50, 75% of initial price
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Pricing date: | Dec. 16
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Settlement date: | Dec. 21
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Agents: | UBS Financial Services Inc. and HSBC USA Inc.
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Fees: | 2%
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Cusip: | 40433K777
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