New Issue: HSBC prices $1.6 million contingent buffered notes on S&P MidCap 400

By Toni Weeks

San Luis Obispo, Calif., July 25 - HSBC USA Inc. priced $1.6 million of 0% leveraged contingent buffered enhanced notes due Aug. 15, 2014 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% knock-out level, the payout at maturity will be par plus the index return, subject to a minimum return of 0% and a maximum return of 12%. Otherwise, investors will be fully exposed to losses.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.

Issuer:	HSBC USA Inc.
Issue:	Contingent buffered enhanced notes
Underlying index:	S&P MidCap 400
Amount:	$1.6 million
Maturity:	Aug. 15, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 80% knock-out level, par plus index return, subject to minimum return of 0% and maximum return of 12%; otherwise, full exposure to index's decline from initial level
Initial index level:	1,239.73
Pricing date:	July 23
Settlement date:	July 30
Underwriter:	HSBC Securities (USA) Inc.
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	40432XJ69

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