New Issue: HSBC prices $797,800 contingent-return optimization notes on Russell 2000

By Jennifer Chiou

New York, March 31 - HSBC USA Inc. priced $797,800 of 0% contingent-return optimization securities due March 31, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 75% trigger level, the payout at maturity will be par plus the greater of the 6% contingent return and any index gain, up to a maximum return of 24%.

Otherwise, investors will be fully exposed to losses from the initial index level.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.

Issuer:	HSBC USA Inc.
Issue:	Contingent-return optimization securities
Underlying index:	Russell 2000
Amount:	$797,800
Maturity:	March 31, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above trigger level, par plus the greater of the 6% contingent return and any index gain, capped at 24%; otherwise, full exposure to losses
Initial level:	1,155.4862
Trigger level:	866.6147, 75% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agents:	HSBC Securities (USA) Inc. with UBS Financial Services Inc.
Fees:	None
Cusip:	40434C709

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