New Issue: HSBC prices another $10,000 buffered AMPS on iShares MSCI Brazil

By Jennifer Chiou

New York, Aug. 27 - HSBC USA Inc. priced $10,000 more of its 0% buffered Accelerated Market Participation Securities due Feb. 29, 2012 linked to the iShares MSCI Brazil index fund, adding to the original $674,000 of notes, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 27%. Investors will receive par if the share price falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying ETF:	iShares MSCI Brazil index fund
Amount:	$684,000 (up from $674,000)
Maturity:	Feb. 29, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any fund gain, up to maximum return of 27%; par if fund falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial share price:	$67.40
Pricing date:	Aug. 24
Settlement date:	Aug. 27
Agent:	HSBC Securities (USA) Inc.
Fees:	2.35%
Cusip:	4042K04Q5

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