New Issue: HSBC prices $1.74 million buffered return optimization securities linked to gold

By Angela McDaniels

Tacoma, Wash., Jan. 20 - HSBC USA Inc. priced $1.74 million of 0% buffered return optimization securities due Jan. 23, 2014 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.5 times any percentage increase in the price of gold, subject to a maximum return of 24%. Investors will receive par if gold declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as dealer.

Issuer:	HSBC USA Inc.
Issue:	Buffered return optimization securities
Underlying commodity:	Gold
Amount:	$1.74 million
Maturity:	Jan. 23, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 150% of any gain in gold price, up to maximum return of 24%; par if price declines by 10% or less; 1% loss for every 1% that gold declines beyond 10%
Initial price:	$1,647
Pricing date:	Jan. 18
Settlement date:	Jan. 23
Underwriter:	HSBC Securities (USA) Inc. with UBS Financial Services Inc. as dealer
Fees:	2%
Cusip:	40433K629

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