New Issue: HSBC prices $1.16 million buffered digital notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., July 23 - HSBC USA Inc. priced $1.16 million of 0% buffered digital notes due Jan. 23, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 11%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Russell 2000
Amount:	$1,157,000
Maturity:	Jan. 23, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial level, par plus 11%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:	1,050.48
Pricing date:	July 19
Settlement date:	July 24
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432XHY0

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