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Published on 3/27/2013 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $165,000 income plus notes linked to five stocks with 8.5% potential coupon

By Jennifer Chiou

New York, March 27 - HSBC USA Inc. priced $165,000 of income plus notes due March 27, 2019 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the common stocks of AT&T Inc., Bristol-Myers Squibb Co., ConocoPhillips, Intel Corp. and Walgreen Co.

Interest is payable annually. The interest rate will be 0.5% plus (a) 8% if each basket stock closes at or above its initial share price on the valuation date or (b) 0% otherwise.

The payout at maturity will be par plus the last coupon payment.

HSBC Securities (USA) Inc. is the agent.

Issuer:HSBC USA Inc.
Issue:Income plus notes
Underlying stocks:AT&T Inc., Bristol-Myers Squibb Co., ConocoPhillips, Intel Corp. and Walgreen Co.
Amount:$165,000
Maturity:March 27, 2019
Coupon:8.5% if each basket stock closes at or above its initial share price on the valuation date or 0.5% otherwise; payable annually
Price:Par
Payout at maturity:Par plus final coupon
Initial share prices:$36.43 for AT&T; $40.39 for Bristol-Myers Squibb; $60.91 for ConocoPhillips; $21.33 for Intel; $46.49 for Walgreen
Pricing date:March 22
Settlement date:March 27
Agent:HSBC Securities (USA) Inc.
Fees:0.25%
Cusip:40432XCV1

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