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Published on 7/12/2012 in the Prospect News Structured Products Daily.

HSBC plans enhanced trigger jump notes due 2017 tied to Euro Stoxx 50

By Susanna Moon

Chicago, July 12 - HSBC USA Inc. plans to price 0% enhanced trigger jump securities due July 24, 2017 linked to the Euro Stoxx 50 index, each equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 70% barrier level, the payout at maturity will be par plus the greater of any gain and a contingent minimum return of 44% to 48%. The exact floor will be set at pricing.

Otherwise, investors will be exposed to any losses if the index finishes below the 70% trigger level.

HSBC Securities (USA) Inc. is the underwriter, and Morgan Stanley Smith Barney LLC will handle distribution.

The notes will price on July 19 and settle on July 24.

The Cusip number is 40433M419.


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