New Issue: HSBC prices $20.44 million Accelerated Return Notes linked to Financial Select

New York, July 29 - HSBC USA Inc. priced $20.44 million of 0% Accelerated Return Notes due Sept. 26, 2014 tied to the Financial Select Sector Index 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 plus 300% of the index return, subject to a maximum payout of par plus 14.7%. Investors will lose 1% for every 1% decline in the index.

Merrill Lynch & Co. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying index:	Financial Select Sector Index
Amount:	$20,442,110
Maturity:	Sept. 26, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 14.7%; 1% loss for every 1% decline
Initial index level:	206.36
Pricing date:	July 25
Settlement date:	Aug. 1
Underwriters:	Merrill Lynch & Co.
Fees:	2%
Cusip:	40433X498

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