New Issue: HSBC prices $8.03 million buffered return optimization notes on S&P 500

By Susanna Moon

Chicago, Feb. 29 - HSBC USA Inc. priced $8.03 million of buffered return optimization securities due March 28, 2013 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 double any gain in the index, up to a maximum return of 10.41%.

Investors will receive par if the index falls by up to 7.5% and will lose 1% for every 1% drop in the index beyond 7.5%.

HSBC Securities (USA) Inc. is the agent, with UBS Financial Services Inc. acting as placement agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered return optimization securities
Underlying index:	S&P 500
Amount:	$8,028,730
Maturity:	March 28, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 10.41%; par for declines up to 7.5%; 1% loss for every 1% drop beyond 7.5%
Initial level:	1,367.59
Pricing date:	Feb. 27
Settlement date:	Feb. 29
Agents:	HSBC Securities (USA) Inc. with placement agent UBS Financial Services Inc.
Fees:	2%
Cusip:	40433K355

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