New Issue: HSBC prices $16.61 million buffered return optimization securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 19 - HSBC USA Inc. priced $16.61 million of 0% buffered return optimization securities due May 23, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 11.62%. Investors will receive par if the index declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.

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

Issuer:	HSBC USA Inc.
Issue:	Buffered return optimization securities
Underlying index:	S&P 500
Amount:	$16,614,920
Maturity:	May 23, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, up to maximum return of 11.62%; par if index declines by 5% or less; 1% loss for every 1% that index declines beyond 5%
Initial index level:	1,390.78
Pricing date:	April 17
Settlement date:	April 20
Underwriter:	HSBC Securities (USA) Inc.
Dealer:	UBS Financial Services Inc.
Fees:	2%
Cusip:	40433M203

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