New Issue: HSBC prices $621,000 performance notes tied to five currencies vs. dollar

By Angela McDaniels

Tacoma, Wash., May 25 - HSBC USA Inc. priced $621,000 of 0% performance notes due May 27, 2014 linked to an emerging currency basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Brazilian real, Russian ruble, Indian rupee, Indonesian rupiah and Chinese renminbi, equally weighted and each against the dollar.

If the basket return is positive, the payout at maturity will be par plus the greater of the basket return and 15%. Otherwise, the payout will be par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Performance notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee, Indonesian rupiah and the Chinese renminbi, equally weighted
Amount:	$621,000
Maturity:	May 24, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of basket return and 15% if basket appreciates relative to dollar; otherwise, par
Initial exchange rates:	1.8710 for real; 31.1483 for ruble; 46.9500 for rupee; 9,336 for rupiah; 6.8276 for renminbi
Pricing date:	May 21
Settlement date:	May 26
Agent:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	4042K0Y82

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