New Issue: HSBC prices an additional $1,000 buffered AMPS linked to S&P 500 index

By Toni Weeks

San Diego, April 26 - HSBC USA Inc. upsized its 0% buffered Accelerated Market Participation Securities due Oct. 25, 2012 linked to the S&P 500 index to $1,005,000 from $1,004,000, according to a 424B2 filing with the Securities and Exchange Commission.

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

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

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	S&P 500
Amount:	$1,005,000, up from original $1,004,000
Maturity date:	Oct. 25, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 10%; 1% loss per 1% loss beyond 10%
Initial value:	1,330.36
Pricing date:	April 20
Upsize date:	April 25
Settlement date:	April 26
Agent:	HSBC Securities (USA) Inc.
Fees:	2.1%
Cusip:	4042K1FU2

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