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HSBC plans 7%-9.5% trigger yield optimization notes linked to Fluor
By Susanna Moon
Chicago, June 20 - HSBC USA Inc. plans to price 7% to 9.5% trigger yield optimization notes due June 28, 2013 linked to Fluor Corp. shares, according to an FWP filing with the Securities and Exchange Commission.
The face amount of each note will equal the initial share price of Fluor stock.
Interest is payable monthly.
The payout at maturity will be par unless the stock finishes below the 75% trigger level, in which case investors will receive one Fluor share per note.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
The notes will price on June 21 and settle on June 29.
The Cusip number is 40433M526.
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