HSBC plans 7%-9.5% trigger yield optimization notes linked to Best Buy

By Toni Weeks

San Diego, Dec. 13 - HSBC USA Inc. plans to price 7% to 9.5% trigger yield optimization notes due Dec. 21, 2012 linked to the common stock of Best Buy Co., Inc., according to an FWP filing 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 Best Buy stock.

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

The notes (40433K793) are expected to price Dec. 16 and settle Dec. 21.

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

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