New Issue: HSBC prices $17.1 million Capped Leveraged Index Return Notes linked to Dow Jones

New York, April 29 - HSBC USA Inc. priced $17.1 million of 0% Capped Leveraged Index Return Notes due April 24, 2015 tied to the Dow Jones Global Titans Index index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of par plus 17.9%. Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline in the index beyond 5%.

Merrill Lynch & Co. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Dow Jones Global Titans Index
Amount:	$17,102,290
Maturity:	April 24, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to maximum payout of par plus 17.9%; par if index falls by up to 5%; 1% loss for every 1% decline beyond 5%
Initial index level:	209.09
Pricing date:	April 25
Settlement date:	May 2
Underwriters:	Merrill Lynch & Co.
Fees:	2%
Cusip:	40433X506

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