HSBC plans 11%-14.5% yield optimization notes tied to Silver Wheaton via UBS

By Angela McDaniels

Tacoma, Wash., Nov. 17 - HSBC USA Inc. plans to price 11% to 14.5% yield optimization notes with contingent protection due Nov. 30, 2011 linked to the common stock of Silver Wheaton Corp., according to an FWP filing with the Securities and Exchange Commission.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

The face amount of each note will be equal to the closing price of Silver Wheaton stock on the pricing date.

Interest will be payable monthly.

If the final share price is less than 60% of the initial share price, the payout at maturity will be one Silver Wheaton share per note. Otherwise, the payout will be par.

The notes are expected to price Nov. 25 and settle Nov. 30.

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