New Issue: HSBC prices $2.21 million buffered uncapped securities tied to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 26 - HSBC USA Inc. priced $2.21 million of 0% buffered uncapped market participation securities due Jan. 29, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain. Investors will receive par if the index declines by 23% or less and will lose 1% for every 1% that the index declines beyond 23%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	S&P 500
Amount:	$2,211,000
Maturity date:	Jan. 29, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 23%; 1% loss for every 1% that index declines beyond 23%
Initial index level:	1,314.65
Pricing date:	Jan. 24
Settlement date:	Jan. 27
Agent:	HSBC Securities (USA) Inc.
Fees:	1.2%
Cusip:	4042K1UJ0

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