New Issue: HSBC prices $42.34 million Capped Leveraged Index Return Notes linked to Silver

New York, Oct. 31 - HSBC USA Inc. priced $42.34 million of 0% Capped Leveraged Index Return Notes due Nov. 4, 2014 tied to the Silver spot price, according to a 424B2 filing with the Securities and Exchange Commission.

If the return is positive, the payout at maturity will be par plus 200% of the return, subject to a maximum payout of par plus 30%. Investors will receive par if the price falls by up to 10% and will lose 1% for every 1% decline in the price of silver beyond 10%.

Merrill Lynch & Co. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Capped Leveraged Index Return Notes
Underlying asset:	Silver spot price
Amount:	$42,338,780
Maturity:	Nov. 4, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If return is positive, par plus 200% of return, subject to maximum payout of par plus 30%; par if silver falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial level:	3,167.00
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Underwriters:	Merrill Lynch & Co.
Fees:	2%
Cusip:	40433T505

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