New Issue: HSBC USA prices $7.73 million performance securities linked to indexes via UBS

By Jennifer Chiou

New York, Jan. 31 - HSBC USA Inc. priced a $7.73 million issue of 0% performance securities with partial protection due Jan. 30, 2012 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 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 102.5% of any basket gain.

Investors will receive par for losses up to 20% and will share in losses beyond 20%.

Issuer:	HSBC USA Inc.
Issue:	Performance securities with partial protection
Underlying indexes:	S&P 500 (33.34%), Dow Jones Euro Stoxx 50 (33.33% weight), Nikkei 225 (33.33% weight)
Amount:	$7,730,560
Maturity:	Jan. 30, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 102.5% of any basket gain; par for losses up to 20%; investors will share in losses beyond 20%
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Underwriter:	UBS Financial Services Inc.
Fees:	2.75%

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