By Jennifer Chiou
New York, March 13 - HSBC USA Inc. priced $1,549,718 of 10.04% trigger yield optimization notes due March 15, 2013 linked to the common stock of Cypress Semiconductor Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note will equal the initial share price of Cypress Semiconductor stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Cypress Semiconductor stock is less than 70% of the initial share price, in which case investors will receive one Cypress Semiconductor share per note.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Cypress Semiconductor Corp. (Symbol: CY)
|
| Amount: | $1,549,718.68
|
| Maturity: | March 15, 2013
|
| Coupon: | 10.04%, payable monthly
|
| Price: | Par of $15.94
|
| Payout at maturity: | If final share price is less than trigger price, one Cypress Semiconductor share; otherwise, par
|
| Initial share price: | $15.94
|
| Trigger price: | $11.16, 70% of initial price
|
| Pricing date: | March 9
|
| Settlement date: | March 14
|
| Underwriters: | UBS Financial Services Inc. and HSBC USA Inc.
|
| Fees: | 2%
|
| Cusip: | 40433K280
|
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