New Issue: HSBC prices $21.79 million Accelerated Return Notes linked to Nikkei

By Angela McDaniels

Tacoma, Wash., March 3 - HSBC USA Inc. priced $21.79 million of 0% Accelerated Return Notes due April 24, 2015 linked to the Nikkei Stock Average index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 15.09%. If the index return is negative, investors will have one-to-one exposure to the decline.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying index:	Nikkei Stock Average index
Amount:	$21,786,420
Maturity:	April 24, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of index return, up to maximum return of 15.09%; 1% loss for every 1% decline in index
Initial index level:	14,293.11
Final index level:	Average of index's closing levels on the five trading days ending April 21, 2015
Pricing date:	Feb. 27
Settlement date:	March 6
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	40434B289

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