New Issue: HSBC prices $3.42 million buffered AMPS linked to S&P 500

By Marisa Wong

Madison, Wis., May 31 - HSBC USA Inc. priced $3.42 million of 0% buffered Accelerated Market Participation Securities due June 2, 2015 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 double any index gain, subject to a maximum return of 16%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	S&P 500 index
Amount:	$3,419,000
Maturity:	June 2, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, up to maximum return of 16%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial level:	1,660.06
Pricing date:	May 28
Settlement date:	May 31
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432XEN7

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