New Issue: HSBC prices $19.16 million knock-out buffer notes on Euro Stoxx 50

By Jennifer Chiou

New York, Oct. 11 - HSBC USA Inc. priced $19,156,000 of 0% knock-out buffer notes due April 9, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% knock-in level, the payout at maturity will be par plus the greater of any index gain and a contingent minimum return of 7.15%.

Otherwise, the payout will be par plus the index return with full exposure to losses.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as placement agent.

Issuer:	HSBC USA Inc.
Issue:	Knock-out buffer notes
Underlying index:	Euro Stoxx 50
Amount:	$19,156,000
Maturity:	April 9, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If knock-out event does not occur, par plus any index gain, floor of 7.15%; otherwise, par plus return with full exposure to losses
Knock-out event:	If index finishes below 80% of initial level
Initial index level:	2,531.21
Pricing date:	Oct. 5
Settlement date:	Oct. 11
Underwriter:	HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as placement agent
Fees:	1.25%
Cusip:	4042K16J7

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