New Issue: HSBC prices $2.8 million 11.1% trigger yield optimization notes linked to Wynn Resorts

By Toni Weeks

San Diego, May 22 - HSBC USA Inc. priced $2.8 million of 11.1% trigger yield optimization notes due May 24, 2013 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The face amount of each note will be equal to the initial price of Wynn Resorts stock.

The payout at maturity will be par in cash unless the final price of Wynn Resorts stock is less than 70% of the initial share price, in which case investors will receive one Wynn Resorts share per note.

HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Trigger yield optimization notes
Underlying stock:	Wynn Resorts, Ltd. (Symbol: WYNN)
Amount:	$2,797,636.99
Maturity:	May 24, 2013
Coupon:	11.1%, payable monthly
Price:	Par of $101.81
Payout at maturity:	If final share price is less than trigger price, one Wynn Resorts share; otherwise, par
Initial share price:	$101.81
Trigger price:	$71.27, 70% of initial price
Pricing date:	May 18
Settlement date:	May 24
Underwriter:	HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
Fees:	2%
Cusip:	40433M757

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