New Issue: HSBC sells $13.02 million return optimization notes on S&P 500 via UBS

By Susanna Moon

Chicago, Sept. 29 - HSBC USA Inc. priced $13.02 million of 0% return optimization securities with partial protection due March 30, 2012 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 16.35%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

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

Issuer:	HSBC USA Inc.
Issue:	Return optimization securities with partial protection
Underlying index:	S&P 500 index
Amount:	$13,020,270
Maturity:	March 30, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 16.35%; 1% loss for each 1% drop beyond 10%
Initial level:	1,142.16
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Underwriters:	UBS Financial Services Inc. and HSBC USA Inc.
Fees:	2%
Cusip:	40432R583

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