New Issue: HSBC prices $5.4 million 0% return optimization securities linked to Euro Stoxx 50

By Laura Lutz

Des Moines, June 28 - HSBC USA Inc. priced a $5.4 million issue of 0% return optimization securities with contingent protection due Dec. 31, 2008 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, investors will receive par plus triple the index gain, capped at 26.5%. Investors will share in any losses.

UBS Financial Services Inc. and HSBC USA Inc. will be the agents.

Issuer:	HSBC USA Inc.
Issue:	Return optimization securities
Underlying index:	Dow Jones Euro Stoxx 50
Amount:	$5.4 million
Maturity:	Dec. 31, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	If the index level increases, par plus triple any gain on the index, capped at 26.5%; share in any losses
Pricing date:	June 25
Settlement date:	June 29
Underwriters:	UBS Financial Services Inc., HSBC USA Inc.
Fees:	1.75%

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