New Issue: HSBC priced $1.45 million of digital notes on S&P 500, Russell 2000

By Jennifer Chiou

New York, May 8 - HSBC USA Inc. priced $1,447,000 of 0% digital notes due Nov. 12, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 12% if the final level of each index is greater than or equal to its barrier level, which is 70% of the initial index level. Otherwise, investors will be fully exposed to the decline of the worst-performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$1,447,000
Maturity:	Nov. 12, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 12% if the final level of each index is greater than or equal to its barrier level; otherwise, investors fully exposed to decline of the worst-performing index
Initial index levels:	1,369.10 for S&P 500 and 791.84 for Russell 2000
Barrier level:	70% of initial index level
Pricing date:	May 4
Settlement date:	May 11
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	4042K1H30

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