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Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item |
HSBC plans 7.5%-9.5% trigger yield notes on Canadian Natural Resources
By Susanna Moon
Chicago, April 19 - HSBC USA Inc. plans to price 7.5% to 9.5% trigger yield optimization notes due April 30, 2012 linked to Canadian Natural Resources Ltd. shares, 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 share price of Canadian Natural.
The payout at maturity will be par unless the final price of Canadian Natural stock is less than 80% of the initial share price, in which case investors will receive one Canadian Natural share per note.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
The notes will price on April 21 and settle on April 29.
The Cusip is 40433C874.
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