New Issue: HSBC prices $1.84 million accelerated return notes on three emerging markets currencies

New York, Nov. 29 - HSBC USA Inc. priced $1.84 million of 0% EM Currency Accelerated Return Securities (CARS) due Nov. 29, 2012 linked to a basket of four currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Brazilian real, the Indian rupee and the Chinese renminbi, equally weighted.

The payout at maturity will be par plus 145% of any basket gain. Investors will participate in losses if the basket falls by up to 10% and will receive a minimum of 90% of par at maturity.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	EM Currency Accelerated Return Securities (CARS)
Underlying basket:	Brazilian real, Indian rupee and Chinese renminbi, equally weighted
Amount:	$1,839,000
Maturity:	Nov. 29, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 145% of any basket gain; participate in losses, with a floor of 90% of par
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	1.8%
Cusip:	4042K1AK9

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