New Issue: HSBC prices $588,000 buffered AMPS linked to iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., April 24 - HSBC USA Inc. priced $588,000 of 0% buffered Accelerated Market Participation Securities due Oct. 24, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any increase in the exchange-traded fund's share price, subject to a maximum return of 15%. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying ETF:	iShares MSCI Emerging Markets index fund
Amount:	$588,000
Maturity:	Oct. 24, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any ETF gain, capped at 15%; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
Initial share price:	$42.30
Pricing date:	April 20
Settlement date:	April 25
Agent:	HSBC Securities (USA) Inc.
Fees:	2.1%
Cusip:	4042K1F57

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