By Susanna Moon
Chicago, Dec. 21 - HSBC USA Inc. priced $929,274 of 9.7% trigger yield optimization notes due Dec. 21, 2012 linked to Stanley Black & Decker Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note is equal to the initial price of Stanley Black & Decker stock.
The payout at maturity will be par in cash unless the final price of Stanley Black & Decker stock is less than 75% of the initial share price, in which case investors will receive one Stanley Black & Decker share per note.
UBS Financial Services Inc. and HSBC USA Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Stanley Black & Decker Inc. (NYSE: SWK)
|
| Amount: | $929,273.70
|
| Maturity: | Dec. 21, 2012
|
| Coupon: | 9.7%, payable monthly
|
| Price: | Par of $63.10
|
| Payout at maturity: | If final share price is less than trigger price, one Stanley Black & Decker share; otherwise, par
|
| Initial share price: | $63.10
|
| Trigger price: | $47.33, 75% of initial price
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 21
|
| Agents: | UBS Financial Services Inc. and HSBC USA Inc.
|
| Fees: | 2%
|
| Cusip: | 40433K785
|
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