New Issue: HSBC prices $3.44 million four-year buffered AMPS on index, funds

By Jennifer Chiou

New York, May 13 - HSBC USA Inc. priced $3.44 million of 0% buffered Accelerated Market Participation Securities due May 14, 2015 linked to a basket of one index and four funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 70% weight, the iShares MSCI EAFE index fund with a 15% weight, the MidCap SPDR Trust, series 1, with an 8% weight, the iShares MSCI Emerging Markets index fund with a 4% weight and the iShares Russell 2000 index fund with a 3% weight.

The payout at maturity will be par plus 1.4 times any basket gain, up to a maximum return of 58.8%.

Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying basket:	S&P 500 index (70% weight), iShares MSCI EAFE index fund (15% weight), MidCap SPDR Trust, series 1 (8% weight), iShares MSCI Emerging Markets index fund (4% weight) and iShares Russell 2000 index fund (3% weight)
Amount:	$3,435,000
Maturity:	May 14, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any basket gain, capped at 58.8%; 1% loss per 1% drop beyond 20%
Initial levels:	1,342.08 for S&P, $61.37 for EAFE, $181.26 for MidCap SPDR, $47.82 for EM and $83.94 for Russell
Pricing date:	May 11
Settlement date:	May 16
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	4042K1HN6

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