By Angela McDaniels
Tacoma, Wash., July 20 - HSBC USA Inc. priced $4.59 million of 9.25% annualized yield optimization notes with contingent protection due Jan. 21, 2011 linked to the common stock of Hewlett-Packard Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each note has a face value of $46.16, which is equal to the closing price of Hewlett-Packard stock on the pricing date.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Hewlett-Packard stock is less than 80% of the initial share price, in which case the payout will be one share of Hewlett-Packard stock per note.
UBS Financial Services Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Hewlett-Packard Co. (Symbol: HPQ)
|
| Amount: | $4,586,780.72
|
| Maturity: | Jan. 21, 2011
|
| Coupon: | 9.25%, payable monthly
|
| Price: | Par of $46.16
|
| Payout at maturity: | If final share price is less than trigger price, one Hewlett-Packard share; otherwise, par
|
| Initial share price: | $46.16
|
| Trigger price: | $36.93, 80% of initial price
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Underwriter: | UBS Financial Services Inc.
|
| Fees: | 1%
|
| Cusip: | 40432R781
|
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