New Issue: HSBC sells $5 million accelerated market participation notes on iShares FTSE/Xinhua China

By Jennifer Chiou

New York, Oct. 21 - HSBC USA Inc. priced $5 million of 0% accelerated market participation securities due Oct. 24, 2011 linked to the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 500% of any fund gain, subject to a maximum return of 53%. Investors will be fully exposed to any fund decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated market participation securities
Underlying fund:	iShares FTSE/Xinhua China 25 index fund
Amount:	$5 million
Maturity:	Oct. 24, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 500% of any fund gain, subject to a maximum return of 53%; investors will be fully exposed to any fund decline
Initial level:	$44.49
Pricing date:	Oct. 19
Settlement date:	Oct. 22
Agent:	HSBC Securities (USA) Inc.
Fees:	0.75%

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