New Issue: HSBC prices $70,000 more buffered AMPS linked to S&P 500

By Toni Weeks

San Diego, Aug. 31 - HSBC USA Inc. priced another $70,000 of 0% buffered Accelerated Market Participation Securities due Aug. 29, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $485,000. The original $415,000 of notes priced on Aug. 24.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 18%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines 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:	$485,000, increased from $415,000
Maturity:	Aug. 29, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, up to maximum return of 18%; par if index falls by 10% or less; 1% loss for every 1% index decline beyond 10%
Initial index level:	1,177.60
Pricing dates:	Aug. 24 for $415,000, Aug. 29 for $70,000
Settlement date:	Aug. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	2.8%
Cusip:	4042K1LX9

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