By Susanna Moon
Chicago, June 25 - HSBC USA Inc. priced $981,891 of 9.2% trigger yield optimization notes due June 28, 2013 linked to Fluor Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note will be equal to the initial price of Fluor stock.
The payout at maturity will be par in cash unless the final price of Fluor stock is less than 75% of the initial share price, in which case investors will receive one Fluor share per note.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Fluor Corp. (NYSE: FLR)
|
| Amount: | $981,890.76
|
| Maturity: | June 28, 2013
|
| Coupon: | 9.2%, payable monthly
|
| Price: | Par of $46.73
|
| Payout at maturity: | If final share price is less than trigger price, one Fluor share; otherwise, par
|
| Initial share price: | $46.73
|
| Trigger price: | $35.05, 75% of initial price
|
| Pricing date: | June 21
|
| Settlement date: | June 29
|
| Underwriter: | HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
|
| Fees: | 2%
|
| Cusip: | 40433M526
|
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