New Issue: HSBC sells $3.82 million buffered performance plus notes tied to Dow industrials

By Toni Weeks

San Diego, Sept. 29 - HSBC USA Inc. priced $3.82 million of 0% buffered performance plus securities due March 30, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the greater of the index return and 26%.

Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond the 10% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered performance plus securities
Underlying index:	Dow Jones Industrial Average
Amount:	$3,817,000
Maturity:	March 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in the index, subject to a minimum return of 26%; par if index falls by up to 10%; exposure to losses beyond 10%
Initial level:	11,190.69
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	4042K1MZ3

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