New Issue: HSBC prices $101,000 more CARS linked to Asian currency basket

By Susanna Moon

Chicago, April 4 - HSBC USA Inc. priced another $101,000 of 0% Asian Currency Accelerated Return Securities due March 25, 2013 linked to a basket of four equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $352,000, up from $251,000.

The basket consists of the Philippine peso, Malaysian ringgit, Indonesian rupiah and Singapore dollar.

The payout at maturity will be par plus 130% of any basket gain. Investors will participate in losses if the basket falls by up to 10% and will receive a minimum of 90% of par at maturity.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Asian Currency Accelerated Return Securities
Underlying basket:	Philippine peso, Malaysian ringgit, Indonesian rupiah and Singapore dollar against U.S. dollar, equally weighted
Amount:	$352,000, up from $251,000
Maturity:	March 25, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any basket gain; participation in losses up to 10%, with a floor of 90% of par
Initial rates:	43.343 for peso, 3.0254 for ringgit, 8,708 for rupiah and 1.2605 for Singapore dollar
Pricing date:	March 24 for $251,000; March 25 for $101,000
Settlement date:	March 25 for $251,000; April 4 for $101,000
Agent:	HSBC Securities (USA) Inc.
Fees:	1.75%
Cusip:	4042K1EP4

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