New Issue: HSBC USA prices $11.6 million performance securities linked to three indexes via UBS

By Angela McDaniels

Seattle, Aug. 29 - HSBC USA Inc. priced an $11.6 million issue of 0% performance securities with partial protection due Aug. 31, 2010 linked to a basket of indexes via UBS Financial Services Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 33.34% weight, the Dow Jones Euro Stoxx 50 index with a 33.33% weight and the Nikkei 225 index with a 33.33% weight.

The payout at maturity will be par of $10 plus 112% of any basket gain. Investors will receive par if the basket declines by 20% or less and will lose 1% for each 1% decline beyond 20%.

Issuer:	HSBC USA Inc.
Issue:	Performance securities with partial protection
Underlying indexes:	S&P 500 (33.34% weight), Dow Jones Euro Stoxx 50 (33.33% weight) and Nikkei 225 (33.33% weight)
Amount:	$11,598,230
Maturity:	Aug. 31, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 112% of any basket gain; par if basket falls by 20% or less; par minus 1% for each 1% decline beyond 20%
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Underwriter:	UBS Financial Services Inc.
Fees:	2.5%

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