By Susanna Moon
Chicago, June 30 - HSBC USA Inc. priced $17.35 million of 10.55% trigger yield optimization notes due Dec. 30, 2011 linked to Peabody Energy Corp. shares, according to a 424B2 with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note is equal to $57.91, which is the initial share price.
The payout at maturity will be par unless the final price of Peabody stock is less than 75% of the initial share price, in which case investors will receive one Peabody share per note.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Peabody Energy Corp. (NYSE: BTU)
|
| Amount: | $17,351,573.30
|
| Maturity: | Dec. 30, 2011
|
| Coupon: | 10.55%, payable monthly
|
| Price: | Par of $57.91
|
| Payout at maturity: | Par unless final price is less than trigger price, in which case one Peabody share per note
|
| Initial price: | $57.91
|
| Trigger price: | $43.43, 75% of initial price
|
| Pricing date: | June 28
|
| Settlement date: | June 30
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 1%
|
| Cusip: | 40433C718
|
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