New Issue: HSBC prices $7.83 million return optimization securities linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., April 29 - HSBC USA Inc. priced $7.83 million of 0% return optimization securities due May 30, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any gain in the index, up to a maximum return of 14.75%. Investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is agent.

Issuer:	HSBC USA Inc.
Issue:	Return optimization securities
Underlying index:	Russell 2000
Amount:	$7,832,850
Maturity:	May 30, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, up to 14.75% maximum return; full exposure to any index decline
Initial index level:	940.28
Pricing date:	April 25
Settlement date:	April 30
Underwriter:	HSBC Securities (USA) Inc.
Agent:	UBS Financial Services Inc.
Fees:	2%
Cusip:	40433X704

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