New Issue: HSBC prices $2.41 million buffered performance plus notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 26 - HSBC USA Inc. priced $2.41 million of 0% buffered performance plus securities due Jan. 29, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the index return and 28%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered performance plus securities
Underlying index:	S&P 500
Amount:	$2,413,000
Maturity date:	Jan. 29, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of 28% and index return if index return is greater than or equal to zero; par if index falls by up to 10%; 1% loss for every 1% that index declines beyond 10%
Initial index level:	1,314.65
Pricing date:	Jan. 24
Settlement date:	Jan. 27
Agent:	HSBC Securities (USA) Inc.
Fees:	1.2%
Cusip:	4042K1UU5

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