Hi,
Once you connect your board's usb port to your pc, the com port should get detected under device manager - ports(COM and LPT). If not there should be some driver issues which can be sorted out by installing the device driver
Freescale_CDC.inf. (this driver file can be downloaded from the net).
And the settings for bits per second, data bits...etc should be made in the microsoft's hyperterminal program. You cannot do it in the device manager.
The printf() results will be seen in the hyper terminal window after you run your program.