New Issue: HSBC prices $1.88 million return optimization notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., April 30 – HSBC USA Inc. priced $1.88 million of 0% return optimization securities due May 31, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 300% of the ETF return, subject to a maximum return of 14.5%. If the ETF return is negative, investors will be fully exposed to the decline.

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

Issuer:	HSBC USA Inc.
Issue:	Return optimization securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$1,877,700
Maturity:	May 31, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any ETF gain, up to 14.5% maximum return; exposure to any ETF decline
Initial share price:	$44.02
Pricing date:	April 27
Settlement date:	April 30
Underwriter:	HSBC Securities (USA) Inc.
Agent:	UBS Financial Services Inc.
Fees:	2%
Cusip:	40434G668

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