New Issue: HSBC prices $1.33 million performance securities linked to Hang Seng China Enterprises

By Angela McDaniels

Tacoma, Wash., Aug. 31 - HSBC USA Inc. priced $1.33 million of 0% performance securities with contingent protection due Aug. 29, 2014 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 103% of the index return. If the index return is between zero and negative 50%, the payout will be par. If the index return is less than negative 50%, investors will receive par plus the index return.

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

Issuer:	HSBC USA Inc.
Issue:	Performance securities with contingent protection
Underlying index:	Hang Seng China Enterprises index
Amount:	$1,326,050
Maturity:	Aug. 29, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 103% of any index gain; par if index falls by 50% or less; full exposure to decline if index falls by more than 50%
Initial index level:	11,570.67
Pricing date:	Aug. 27
Settlement date:	Aug. 31
Underwriters:	UBS Financial Services Inc. and HSBC USA Inc.
Fees:	3.5%

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