New Issue: HSBC prices $1.45 million buffered performance plus notes linked to the Dow

By Susanna Moon

Chicago, Nov. 23 - HSBC USA Inc. priced $1.45 million of 0% buffered performance plus securities due Oct. 30, 2014 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus the greater of any gain and the minimum upside return of 30%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered performance plus securities
Underlying index:	Dow Jones industrial average
Amount:	$1,453,000
Maturity date:	Oct. 30, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return floor of 30%; par if index falls by up to 10%; 1% loss for every 1% index declines beyond 10%
Initial index level:	11,547.31
Pricing date:	Nov. 21
Settlement date:	Nov. 25
Agent:	HSBC Securities (USA) Inc.
Fees:	1.2%
Cusip:	4042K1RU9

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