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Published on 10/1/2012 in the Prospect News Structured Products Daily.

HSBC plans six-year averaging notes linked to basket of three indexes

By Susanna Moon

Chicago, Oct. 1 - HSBC USA Inc. plans to price 0% averaging notes due Oct. 31, 2018 linked to a basket of three equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the Dow Jones industrial average, the Euro Stoxx 50 index and the Taiwan Stock Exchange Capitalization Weighted Stock index.

The payout at maturity will be par plus any gain in the average closing level of the basket.

If the basket falls, the payout will be par.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Oct. 25 and settle on Oct. 31.

The Cusip number is 4042K15Y5.


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