New Issue: HSBC prices $900,000 two-year CARS linked to four EM currencies

By Susanna Moon

Chicago, Sept. 30 - HSBC USA Inc. priced $900,000 of 0% EM Currency Accelerated Return Securities due Oct. 15, 2013 linked to a basket of four equally weighted currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Colombian peso, Malaysian ringgit, Indonesian rupiah and Chinese renminbi.

The payout at maturity will be par plus 1.5 times any basket gain.

Investors will be exposed to any losses, with a minimum payout of $900 per $1,000 principal amount of notes.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	EM Currency Accelerated Return Securities
Underlying currencies:	Colombian peso, Malaysian ringgit, Indonesian rupiah and Chinese renminbi, equally weighted relative to the dollar
Amount:	$900,000
Maturity:	Oct. 15, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of basket gain, exposure to losses with floor of 90% of par
Initial spot rates:	1,915.10 for Colombian peso, 3.1888 for ringgit, 9,003 for rupiah, 6.3665 for renminbi
Pricing date:	Sept. 29
Settlement date:	Oct. 13
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	4042K1NQ2

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