By Susanna Moon
Chicago, July 19 - HSBC USA Inc. priced $3.98 million of 7.95% annualized trigger yield optimization notes due Jan. 23, 2012 linked to Adobe Systems Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is equal to $29.29, which is the initial share price of Adobe Systems.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Adobe Systems stock is less than 80% of the initial share price, in which case investors will receive one Adobe Systems 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: | Adobe Systems Inc. (Nasdaq: ADBE)
|
| Amount: | $3,975,590.28
|
| Maturity: | Jan. 23, 2012
|
| Coupon: | 7.95%, payable monthly
|
| Price: | Par of $29.29
|
| Payout at maturity: | Par unless final price is less than trigger price, in which case one Adobe Systems share per note
|
| Initial price: | $29.29
|
| Trigger price: | $23.43, or 80% of initial price
|
| Pricing date: | July 15
|
| Settlement date: | July 21
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 1%
|
| Cusip: | 40433C650
|
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