New Issue: HSBC prices $1.9 million buffered uncapped notes linked to the Dow

By Jennifer Chiou

New York, March 27 - HSBC USA Inc. priced $1,895,000 of 0% buffered uncapped market participation securities due March 26, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return if the index return is positive. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	Dow Jones industrial average
Amount:	$1,895,000
Maturity:	March 26, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index return if index return is positive; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial index level:	13,080.73
Pricing date:	March 23
Settlement date:	March 28
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	4042K1ZL0

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