New Issue: HSBC prices $6.87 million Mitts linked to real, peso basket vs. euro

By Susanna Moon

Chicago, May 31 - HSBC USA Inc. priced $6.87 million of 0% currency Market Index Target-Term Securities due May 29, 2015 linked to the performance of a basket of equally weighted currencies relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real and Mexican peso.

BofA Merrill Lynch is the underwriter.

The payout at maturity will be par of $10 plus 1.43 times any gain in the basket.

If the basket falls, investors will be exposed to losses, with a minimum payout of 90% of par.

Issuer:	HSBC USA Inc.
Issue:	Currency Market Index Target-Term Securities
Underlying currencies:	Brazilian real and Mexican peso, equally weighted, against the euro
Amount:	$6,868,590
Maturity:	May 29, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 143% of any basket gain; if basket falls, exposure to losses, floor of 90% of par
Initial levels:	2.7093 for real and 16.4023 for peso
Pricing date:	May 29
Settlement date:	June 6
Underwriter:	BofA Merrill Lynch
Fees:	1.75%
Cusip:	40433X795

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