New Issue: HSBC prices $2.09 million leveraged contingent buffered notes on Bank of America

By Susanna Moon

Chicago, May 6 - HSBC USA Inc. priced $2.09 million of 0% leveraged contingent buffered enhanced notes due Nov. 9, 2015 linked to Bank of America Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above the 90% knock-out level, the payout at maturity will be par plus 150% of the stock return, subject to a contingent minimum return of 0% and a maximum return of 34%.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged contingent buffered enhanced notes
Underlying stock:	Bank of America Corp. (Symbol: BAC)
Amount:	$2,085,000
Maturity:	Nov. 9, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above 90% knock-out level, par plus 150% of return, subject to a contingent minimum return of 0% and a maximum return of 34%; otherwise, full exposure to any losses
Initial price:	$15,25
Pricing date:	May 2
Settlement date:	May 7
Underwriter:	HSBC Securities (USA) Inc.
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	40433BAX6

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