New Issue: HSBC prices $5.8 million contingent buffered enhanced notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., May 29 - HSBC USA Inc. priced $5.8 million of 0% contingent buffered enhanced notes due Aug. 29, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is less than the initial index level by more than 20%, investors will lose 1% for every 1% that the final level is less than the initial level. Otherwise, the payout at maturity will be par plus the index return, subject to a minimum return of 4% and a maximum return of 17%.

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 index:	Euro Stoxx 50
Amount:	$5.8 million
Maturity:	Aug. 29, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is less than initial index level by more than 20%, 1% loss for every 1% that final level is less than initial level; otherwise, par plus index return, subject to minimum return of 4% and maximum return of 17%
Initial index level:	2,764.29
Pricing date:	May 24
Settlement date:	May 30
Underwriter:	HSBC Securities (USA) Inc.
Dealer:	J.P. Morgan Securities LLC
Fees:	1.1%
Cusip:	40432XFP1

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