New Issue: HSBC prices $1.03 million contingent buffered enhanced notes linked to gold miners ETF

By Angela McDaniels

Tacoma, Wash., Oct. 9 - HSBC USA Inc. priced $1.03 million of 0% contingent buffered enhanced notes due Oct. 24, 2013 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF's final share price is at least 70% of the initial share price, the payout at maturity will be par plus the ETF return, subject to a minimum return of 0% and a maximum return of 18%.

If the final share price is less than 70% of the initial share price, investors will be fully exposed to the ETF's decline from the initial share price.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as dealer.

Issuer:	HSBC USA Inc.
Issue:	Contingent buffered enhanced notes
Underlying ETF:	Market Vectors Gold Miners ETF
Amount:	$1,025,000
Maturity:	Oct. 24, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is at least 70% of initial share price, par plus ETF return, subject to minimum return of 0% and maximum return of 18%; otherwise, full exposure to ETF's decline from initial share price
Initial share price:	$54.25
Pricing date:	Oct. 4
Settlement date:	Oct. 10
Underwriter:	HSBC Securities (USA) Inc.
Dealer:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	4042K16W8

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