New Issue: HSBC prices $566,000 buffered AMPS linked to iShares MSCI EM fund

By Jennifer Chiou

New York, June 25 - HSBC USA Inc. priced $566,000 of 0% buffered Accelerated Market Participation Securities due Dec. 28, 2011 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, up to a maximum return of 20%. Investors will share in any losses beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying ETF:	iShares MSCI Emerging Markets index fund
Amount:	$566,000
Maturity:	Dec. 28, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any share price gain, up to maximum return of 20%; investors share in losses beyond 10%
Initial share price:	$39.66
Pricing date:	June 23
Settlement date:	June 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.35%
Cusip:	4042K02S3

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