New Issue: HSBC prices $399,000 0% 18-month AMPS linked to iShares MSCI EM

By Toni Weeks

San Luis Obispo, Oct. 25 - HSBC USA Inc. priced $399,000 of 0% Accelerated Market Participation Securities due April 28, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any increase in the fund, subject to a cap of 22.5%.

Investors will be fully exposed to losses if the fund declines.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Market Participation Securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$399,000
Maturity date:	April 28, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any increase in fund, capped at 22.5%; full exposure to any losses
Initial value:	$42.64
Pricing date:	Oct. 23
Settlement date:	Oct. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432XLS8

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