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Published on 7/19/2012 in the Prospect News Structured Products Daily.

HSBC changes dates of enhanced trigger jump notes linked to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., July 19 - HSBC USA Inc. changed the pricing, settlement and maturity dates of its upcoming 0% enhanced trigger jump securities linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will price July 25, settle July 30 and mature July 28, 2017. Originally, they were expected to price July 19, settle July 24 and mature July 24, 2017.

The remaining terms of the notes are unchanged.

If the final index level is at least 70% of the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and the contingent minimum return, which is expected to be 44% to 48% and will be set at pricing.

If the final index level is less than 70% of the initial index level, investors will be fully exposed to the index's decline from its initial level.

HSBC Securities (USA) Inc. is the agent, and Morgan Stanley Smith Barney LLC will handle distribution.

The Cusip number is 40433M419.


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