HSBC plans 8.25%-10.75% trigger yield optimization notes on Anadarko

By Jennifer Chiou

New York, July 13 - HSBC USA Inc. plans to price 8.25% to 10.75% annualized trigger yield optimization notes due Jan. 23, 2012 linked to Anadarko Petroleum Corp. shares, according to an FWP 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 Anadarko.

The payout at maturity will be par unless the final price of Anadarko stock is less than 80% of the initial share price, in which case investors will receive one Anadarko share per note.

The notes (Cusip: 40433C668) will price on July 15 and settle on July 21.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

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