By Susanna Moon
Chicago, July 30 - HSBC USA Inc. priced $14.79 million of 9.3% annualized yield optimization notes with contingent protection due Jan. 31, 2011 linked to Intel Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Each note has a face value of $21.33, which is the closing price of Intel stock at pricing.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Intel stock is less than 80% of the initial share price, in which case the payout will be one share of Intel stock per note.
UBS Financial Services Inc. and HSBC USA Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Intel Corp. (Symbol: INTC)
|
| Amount: | $14,793,848.10
|
| Maturity: | Jan. 31, 2011
|
| Coupon: | 9.3%, payable monthly
|
| Price: | Par of $21.33
|
| Payout at maturity: | If final share price is less than trigger price, one Intel share; otherwise, par
|
| Initial share price: | $21.33
|
| Trigger price: | $17.06, or 80% of initial price
|
| Pricing date: | July 28
|
| Settlement date: | July 30
|
| Underwriters: | UBS Financial Services Inc. and HSBC USA Inc.
|
| Fees: | 1%
|
| Cusip: | 40432R765
|
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