New Issue: HSBC prices $58,903 10.2% trigger yield optimization notes on Best Buy

By Susanna Moon

Chicago, Dec. 21 - HSBC USA Inc. priced $58,903 of 10.2% trigger yield optimization notes due Dec. 21, 2012 linked to Best Buy Co., Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note is 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.

UBS Financial Services Inc. and HSBC USA Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Trigger yield optimization notes
Underlying stock:	Best Buy Co., Inc. (NYSE: BBY)
Amount:	$58,902.60
Maturity:	Dec. 21, 2012
Coupon:	10.2%, payable monthly
Price:	Par of $23.19
Payout at maturity:	If final share price is less than trigger price, one Best Buy share; otherwise, par
Initial share price:	$23.19
Trigger price:	$16.23, 70% of initial price
Pricing date:	Dec. 16
Settlement date:	Dec. 21
Agents:	UBS Financial Services Inc. and HSBC USA Inc.
Fees:	2%
Cusip:	40433K793

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