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Published on 8/8/2012 in the Prospect News Structured Products Daily.

New Issue: HSBC sells $980,000 digital plus performance notes on Euro Stoxx 50

By Marisa Wong

Madison, Wis., Aug. 8 - HSBC USA Inc. priced $980,000 of 0% digital plus performance securities due Aug. 11, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 70% barrier level, the payout at maturity will be par plus the greater of the index return and the minimum upside return of 20.5%.

Otherwise, investors will be fully exposed to losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:HSBC USA Inc.
Issue:Digital plus performance securities
Underlying index:Euro Stoxx 50 index
Amount:$980,000
Maturity:Aug. 11, 2015
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above 70% barrier level, par plus greater of index return and 20.5%; otherwise, full exposure to losses
Initial level:2,399.32
Pricing date:Aug. 6
Settlement date:Aug. 20
Agent:HSBC Securities (USA) Inc.
Fees:1.5%
Cusip:4042K13B7

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