HSBC plans 7.75%-10.25% trigger yield notes tied to Freeport-McMoRan

By Susanna Moon

Chicago, Jan. 25 - HSBC USA Inc. plans to price 7.75% to 10.25% trigger yield optimization notes due Jan. 31, 2013 linked to Freeport-McMoRan Copper & Gold Inc. shares, according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of Freeport-McMoRan stock.

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

HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.

The notes will price on Jan. 27 and settle on Jan. 31.

The Cusip number is US40433K5535.

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