New Issue: HSBC sells $20 million 5.2% coupon buffered notes linked to index, fund

By Susanna Moon

Chicago, May 30 - HSBC USA Inc. priced $20 million of 5.2% fixed-rate buffered notes due Aug. 29, 2014 linked to the Russell 2000 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless the worst performing component falls by more than 15%, in which case investors will lose 1.17647% for each 1% decline of the worst performing component.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered fixed-rate notes
Underlying components:	Russell 2000 index and the iShares MSCI EAFE index fund
Amount:	$20 million
Maturity:	Aug. 29, 2014
Coupon:	5.2%, payable quarterly
Price:	Par
Payout at maturity:	Par unless worst performing component falls by more than 15%, in which case 1.17647% loss per 1% drop of worst performing component
Initial levels:	997.35 for Russell, $61.61 for EAFE fund
Trigger levels:	85% of initial level
Pricing date:	May 28
Settlement date:	May 31
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.05%
Cusip:	40432XGC9

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