New Issue: HSBC prices $710,000 buffered AMPS linked to Apple

By Angela McDaniels

Tacoma, Wash., Jan. 24 - HSBC USA Inc. priced $710,000 of 0% buffered Accelerated Market Participation Securities due July 25, 2014 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the stock, subject to a maximum return of 27%. Investors will receive par if the stock 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 stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$710,000
Maturity:	July 25, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any stock gain, capped at 27%; par if stock declines by 10% or less; 1% loss for every 1% drop beyond 10%
Initial stock price:	$504.77
Pricing date:	Jan. 22
Settlement date:	Jan. 25
Agent:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40432X7J4

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