New Issue: HSBC prices $1.09 million buffered uncapped notes linked to S&P 500 Low Volatility

By Angela McDaniels

Tacoma, Wash., June 25 - HSBC USA Inc. priced $1.09 million of 0% buffered uncapped market participation securities due June 25, 2015 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return if the index return is greater than zero. Investors will receive par if the index declines by up to 17% and will lose 1% for every 1% that the index declines beyond 17%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	S&P 500 Low Volatility index
Amount:	$1,088,000
Maturity:	June 25, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index return if index return is greater than zero; par if index declines by up to 17%; 1% loss for every 1% that index declines beyond 17%
Initial index level:	4,388.29
Pricing date:	June 21
Settlement date:	June 26
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.525%
Cusip:	4042K1S38

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