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Published on 12/23/2011 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $1.73 million buffered market participation notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Dec. 23 - HSBC USA Inc. priced $1.73 million of 0% buffered uncapped market participation securities due Dec. 26, 2014 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.

HSBC Securities (USA) Inc. is the agent.

Issuer:HSBC USA Inc.
Issue:Buffered uncapped market participation securities
Underlying index:Dow Jones industrial average
Amount:$1,729,000
Maturity date:Dec. 26, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain; par if index falls by up to 25%; 1% loss for every 1% index declines beyond 25%
Initial index level:12,107.74
Pricing date:Dec. 21
Settlement date:Dec. 27
Agent:HSBC Securities (USA) Inc.
Fees:1.2%
Cusip:4042K1TG8

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