New Issue: HSBC prices $10,000 buffered AMPS linked to iShares FTSE/Xinhua China 25 ETF

By Angela McDaniels

Tacoma, Wash., Sept. 26 - HSBC USA Inc. priced $10,000 of 0% buffered Accelerated Market Participation Securities due March 27, 2013 linked to the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, subject to a maximum return of 19.5%. Investors will receive par if the fund 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 ETF:	iShares FTSE/Xinhua China 25 index fund
Amount:	$10,000
Maturity:	March 27, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any fund gain, up to maximum return of 19.5%; par if fund falls by 10% or less; 1% loss for every 1% fund decline beyond 10%
Initial share price:	$31.53
Pricing date:	Sept. 22
Settlement date:	Sept. 27
Agent:	HSBC Securities (USA) Inc.
Fees:	2.1%
Cusip:	4042K1MS9

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