New Issue: HSBC prices $1.73 million AMPS linked to S&P 500

By E. Janene Geiss

Philadelphia, Oct. 27 - HSBC USA Inc. priced $1.73 million of 0% Accelerated Market Participation Securities due Jan. 30, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any increase in the index, subject to a maximum return of 17%.

Investors will lose 1% for every 1% the index declines from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Market Participation Securities
Underlying index:	S&P 500
Amount:	$1,732,000
Maturity:	Jan. 30, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, up to maximum return of 17%; 1% loss for every 1% decline
Initial index level:	1,185.62
Pricing date:	Oct. 25
Settlement date:	Oct. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	4042K06D2

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