New Issue: HSBC prices $13.22 million buffered AMPS tied to S&P 500, iShares MSCI Emerging Markets

By Toni Weeks

San Diego, Feb. 7 - HSBC USA Inc. priced $13.22 million of 0% buffered Accelerated Market Participation Securities due Aug. 8, 2013 linked to a basket containing the S&P 500 index with an 85% weight and the iShares MSCI Emerging Markets index fund with a 15% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum return of 26%.

Investors will receive par if the basket declines by up to 10% and will share in losses beyond the 10% buffer.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying components:	S&P 500 index (85% weight) and iShares MSCI Emerging Markets index fund (15% weight)
Amount:	$13,219,000
Maturity date:	Aug. 8, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, par plus 150% of the gain, capped at 26%; par for declines in the basket of up to 10%; exposure to losses beyond 10%
Initial levels:	1,344.9 for S&P 500, $43.89 for iShares MSCI EM
Pricing date:	Feb. 3
Settlement date:	Feb. 8
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	4042K1VU4

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