New Issue: HSBC prices $8.99 million bearish buffered AMPS tied to S&P MidCap 400, Russell 2000

By Toni Weeks

San Diego, Nov. 22 - HSBC USA Inc. priced $8.99 million of 0% bearish buffered Accelerated Market Participation Securities due Nov. 21, 2013 linked to the S&P MidCap 400 index with a 60% weight and the Russell 2000 index with a 40% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is less than zero, the payout at maturity will be par plus 200% of the absolute value of the basket return, subject to a maximum return of 26.5%. Investors will receive par if the basket increases by 15% or less and will lose 1% for every 1% that it increases beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Bearish buffered Accelerated Market Participation Securities
Underlying indexes:	S&P MidCap 400 (60% weight) and Russell 2000 (40% weight)
Amount:	$8,992,000
Maturity date:	Nov. 21, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is negative, par plus double the absolute value of the basket return, subject to maximum return of 26.5%; par if basket increases by up to 15%; loss of 1% for every 1% gain beyond 15%
Initial levels:	861.04 for MidCap and 719.42 for Russell
Pricing date:	Nov. 18
Settlement date:	Nov. 23
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	4042K1SS3

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