New Issue: HSBC prices $5.14 million buffered AMPS linked to two indexes, ETF

By Marisa Wong

Madison, Wis., Sept. 27 - HSBC USA Inc. priced $5.14 million of 0% buffered Accelerated Market Participation Securities due March 28, 2013 linked to an equity basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE index fund.

The payout at maturity will be par plus 150% of any basket gain, subject to a cap of 24%.

Investors will receive par if the basket declines 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 components:	S&P 500 index, Russell 2000 index and iShares MSCI EAFE index fund, all equally weighted
Amount:	$5,141,000
Maturity:	March 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any basket gain, capped at 24%; par if basket falls by up to 10%; 1% loss for every 1% drop beyond 10%
Initial levels:	1,136.43 for S&P 500; 652.43 for Russell 2000; $47.19 for iShares MSCI EAFE
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	0.6%
Cusip:	4042K1NS8

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