New Issue: HSBC prices $1.63 million equity buffer notes linked to Berkshire Hathaway

By Angela McDaniels

Tacoma, Wash., Dec. 24 - HSBC USA Inc. priced $1.63 million of 0% equity buffer notes due Dec. 29, 2011 linked to the class B common stock of Berkshire Hathaway Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any share price gain, subject to a maximum return of 33%. Investors will receive par if the share price falls by 20% or less and will lose 1% for every 1% that the share price declines beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Equity buffer notes
Underlying stock:	Berkshire Hathaway Inc., class B (NYSE: BRK.B)
Amount:	$1,627,000
Maturity:	Dec. 29, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any share price gain, up to maximum return of 33%; par if share price falls by 20% or less; 1% loss for every 1% decline beyond 20%
Initial share price:	$3,143.00
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%

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