New Issue: HSBC prices $16.87 million market-linked step up notes on Euro Stoxx

New York, Dec. 3 - HSBC USA Inc. priced $16.87 million of 0% market-linked step up notes due Dec. 1, 2014 tied to the Euro Stoxx 50 Index index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive par if the index plus 23.75% if the index rises or stays unchanged, par if it falls by up to 5% and will lose 1% for every 1% decline in the index beyond 5%.

Merrill Lynch & Co. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Market-linked step up notes
Underlying index:	Euro Stoxx 50 Index
Amount:	$16,867,070
Maturity:	Dec. 1, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 23.75% if index is flat or rises, pr if index falls by up to 5%; 1% loss for every 1% decline beyond 5%
Initial index level:	2,581.69
Pricing date:	Nov. 29
Settlement date:	Dec. 6
Underwriters:	Merrill Lynch & Co.
Fees:	2%
Cusip:	40433T687

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