New Issue: HSBC prices $1.37 million buffered AMPS linked to indexes, fund

By Jennifer Chiou

New York, Feb. 15 - HSBC USA Inc. priced $1.37 million of 0% buffered Accelerated Market Participation Securities due May 17, 2013 linked to a basket of two indexes and an index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket components are the S&P 500 index, the Russell 2000 index and the iShares MSCI Emerging Markets index fund.

The payout at maturity will be par plus 200% of any gain in the index, subject to a cap of 15.4%.

Investors will receive par if the basket falls by up to 10% and will be exposed to declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying components: S&P 500 index, Russell 2000 index, iShares MSCI Emerging Markets index fund
Amount:	$1.37 million
Maturity date:	May 17, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain, capped at 15.4%; par for drop in basket of up to 10%, with exposure to losses beyond 10%
Initial levels:	1,351.77 for S&P 500, 824.81 for Russell and $43.62 for iShares MSCI EM
Pricing date:	Feb. 13
Settlement date:	Feb. 16
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	4042K1XL2

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