New Issue: HSBC prices $8.51 million trigger return notes on Financial Select SPDR

By Marisa Wong

Madison, Wis., July 30 - HSBC USA Inc. priced $8.51 million of 0% trigger return optimization securities due July 29, 2016 linked to Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 29.01%.

If the fund finishes at or above the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger return optimization securities
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$8,514,590
Maturity:	July 29, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any fund gain, return capped at 29.01%; if fund finishes at or above trigger level, par; otherwise, full exposure to any losses
Initial price:	$20.64
Trigger price:	$15.48, 75% of initial price
Pricing date:	July 26
Settlement date:	July 31
Underwriter:	HSBC Securities (USA) Inc. with UBS Financial Services Inc. as placement agent
Fees:	2.5%
Cusip:	40433X415

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