New Issue: HSBC sells $20,000 18-month buffered AMPS linked to S&P 500 index

By Marisa Wong

Madison, Wis., May 9 - HSBC USA Inc. priced $20,000 of 0% buffered Accelerated Market Participation Securities due Oct. 22, 2012 linked to the S&P 500 index, 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:	$20,000
Maturity:	Oct. 22, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 10%; 1% loss per 1% drop beyond 10%
Initial level:	1,330.36
Pricing date:	April 20
Settlement date:	May 10
Agent:	HSBC Securities (USA) Inc.
Fees:	2.1%
Cusip:	4042K1HK2

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