New Issue: HSBC prices $27.33 million 0% return optimization securities linked to S&P 500 via UBS

By Susanna Moon

Chicago, May 30 - HSBC USA Inc. priced a $27.33 million issue of 0% return optimization securities with contingent protection due Nov. 30, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, investors will receive par of $10 plus double any index gain, capped at a maximum return of 17.72%. Investors will share in any losses.

UBS Financial Services Inc. and HSBC USA Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Return optimization securities
Underlying index:	S&P 500 index
Amount:	$27,330,900
Maturity:	Nov. 30, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index level increases, par plus double the gain on the index, capped at 17.72%; share in any losses
Initial index level:	1,385.35
Pricing date:	May 27
Settlement date:	May 30
Agents:	UBS Financial Services Inc., HSBC USA Inc.
Fees:	1.75%

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