New Issue: HSBC prices $1.34 million best-of performance notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 3 - HSBC USA Inc. priced $1.34 million of 0% best-of performance notes due Aug. 5, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index falls below the barrier level - 75% of the initial level - during the life of the notes, the payout at maturity will be par plus the index return, which could be positive or negative. Otherwise, the payout will be par plus the greater of the index return and 23%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Best-of performance notes
Underlying index:	S&P 500
Amount:	$1,339,000
Maturity:	Aug. 5, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls below 75% of initial level during life of notes, par plus index return; otherwise, par plus greater of index return and 23%
Initial index level:	1,101.60
Pricing date:	July 30
Settlement date:	Aug. 4
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	4042K03Z6

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