New Issue: HSBC prices $50 million zero-coupon callable accreting notes due 2043

By Angela McDaniels

Tacoma, Wash., June 7 - HSBC USA Inc. priced $50 million of zero-coupon callable accreting notes due June 17, 2043, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are callable on four optional redemption dates. The annual yield is 4.91% compounded annually. The expected redemption price per $1,000 principal amount of notes is $1,100.61 if the notes are redeemed June 17, 2015, $1,539.40 if redeemed June 17, 2022, $2,153.13 if redeemed June 17, 2029 and $3,011.54 if redeemed June 17, 2036.

If the notes have not been called, the payout at maturity will be $4,212.18 per $1,000 principal amount of notes.

The notes have been approved for listing on the New York Stock Exchange under the symbol "HBA/43C."

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Callable accreting notes
Amount:	$50 million
Maturity:	June 17, 2043
Coupon:	0%
Price:	Par
Payout at maturity:	$4,212.18 per $1,000 principal amount of notes if notes have not already been called
Call option:	At $1,100.61 on June 17, 2015, $1,539.40 on June 17, 2022, $2,153.13 on June 17, 2029 or $3,011.54 on June 17, 2036
Pricing date:	June 6
Settlement date:	June 17
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Listing:	NYSE: HBA/43C
Cusip:	40432XGE5

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