New Issue: HSBC prices $5.18 million one-year PLUS with 14.3% cap linked to Topix

By Susanna Moon

Chicago, May 2 - HSBC USA Inc. priced $5.18 million of 0% Performance Leveraged Upside Securities due June 3, 2015 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 14.3%.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	Topix
Amount:	$5,182,950
Maturity:	June 3, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 14.3%; exposure to any losses
Initial level:	1,162.44
Pricing date:	April 30
Settlement date:	May 5
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Smith Barney LLC handling distribution
Fees:	2%
Cusip:	40434C675

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