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Published on 1/31/2014 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $7.11 million performance securities linked to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Jan. 31 - HSBC USA Inc. priced $7.11 million of 0% performance securities due Jan. 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 197.15% of the index return. If the index return is negative, investors will be fully exposed to the decline.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.

Issuer:HSBC USA Inc.
Issue:Performance securities
Underlying index:Euro Stoxx 50
Amount:$7,109,650
Maturity:Jan. 31, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 197.15% of index return; full exposure to any losses
Initial index level:3,011.45
Pricing date:Jan. 29
Settlement date:Jan. 31
Underwriter:HSBC Securities (USA) Inc.
Agent:UBS Financial Services Inc.
Fees:None
Cusip:40434B388

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