New Issue: HSBC prices $950,000 lookback allocator notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., April 29 - HSBC USA Inc. priced $950,000 of 0% lookback allocator notes due April 30, 2013 linked to the Euro Stoxx 50, MSCI Emerging Markets and S&P 500 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the allocated return, which is 50% of the highest index return plus 30% of the second-best index return plus 20% of the lowest index return. The allocated return can be positive or negative.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Lookback allocator notes
Underlying indexes:	Euro Stoxx 50, MSCI Emerging Markets and S&P 500
Amount:	$950,000
Maturity:	April 30, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 50% of highest index return plus 30% of second-best index return plus 20% of lowest index return
Initial index levels:	2,838.78 for Euro Stoxx; 1,020.24 for MSCI Emerging Markets; 1,183.71 for S&P 500
Pricing date:	April 27
Settlement date:	April 30
Agents:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	4042K0T62

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