New Issue: HSBC USA sells $10 million return optimization securities linked to S&P 500 via UBS

By Susanna Moon

Chicago, Nov. 14 - HSBC USA Inc. priced $10 million of 0% return optimization securities due May 17, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par of $10 plus five times any gain on the index, up to a maximum return of 39.6%. Investors will share in any losses.

UBS Financial Services Inc. and HSBC USA Inc. are the underwriters.

Issuer:	HSBC USA Inc.
Issue:	Return optimization securities
Underlying index:	S&P 500
Amount:	$10 million
Maturity:	May 17, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any index gain, capped at 39.6%; exposure to losses
Initial index level:	870
Pricing date:	Nov. 12
Settlement date:	Nov. 17
Underwriters:	UBS Financial Services Inc. and HSBC USA Inc.
Fees:	1.75%

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