HSBC plans 7.5%-9.5% yield optimization notes linked to First Solar

By Jennifer Chiou

New York, Nov. 22 - HSBC USA Inc. plans to price 7.5% to 9.5% yield optimization notes with contingent protection due Nov. 30, 2012 linked to the common stock of First Solar, Inc., 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 share price of First Solar stock.

The payout at maturity will be par unless the final price of First Solar stock is less than 75% of the initial share price, in which case investors will receive one First Solar share per note.

The notes (Cusip: 40432R377) are expected to price on Nov. 24 and settle on Nov. 30.

UBS Financial Services Inc. and HSBC USA Inc. are the agents.

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