New Issue: HSBC prices $12.28 million bear Stars linked to Russell 2000 index

By Jennifer Chiou

New York, Aug. 11 – HSBC USA Inc. priced $12,280,050 of 0% bear Strategic Accelerated Redemption Securities due Aug. 28, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

BofA Merrill Lynch is the underwriter.

If the index closes at less than or equal to the initial index level on a quarterly observation date, the notes will be called and investors will receive an annualized call return of 11.6%.

If the notes are not called, investors will lose an amount equal to the index gain.

Issuer:	HSBC USA Inc.
Issue:	Bear Strategic Accelerated Redemption Securities
Underlying index:	Russell 2000
Amount:	$12,280,050
Maturity:	Aug. 28, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par minus 1% for every 1% that index advances
Call:	Automatically at annualized call return of 11.6% if index level is less than or equal to initial index level on a quarterly observation date beginning on Feb. 20, 2015
Initial index level:	1,119.759
Pricing date:	Aug. 7
Settlement date:	Aug. 15
Underwriter:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	40434D301

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