New Issue: HSBC prices $35.86 million Accelerated Return Notes linked to three financial stocks

By Angela McDaniels

Tacoma, Wash., April 28 - HSBC USA Inc. priced $35.86 million of 0% Accelerated Return Notes due June 26, 2015 linked to a basket of three financial sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes Citigroup Inc. with a 33.33% weight, JPMorgan Chase & Co. with a 33.33% weight and Wells Fargo & Co. with a 33.34% weight.

The payout at maturity will be par of $10 plus triple any gain in the basket, subject to a maximum return of 15.62%. Investors will be fully exposed to any decline in the basket.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying stocks:	Citigroup Inc. (33.33% weight), JPMorgan Chase & Co. (33.33% weight) and Wells Fargo & Co. (33.34% weight)
Amount:	$35,858,000
Maturity:	June 26, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is positive, par plus 300% of basket return, subject to maximum return of 15.62%; 1% loss for every 1% that basket declines
Initial share prices:	$48.33 for Citigroup, $56.19 for JPMorgan and $49.32 for Wells Fargo
Pricing date:	April 24
Settlement date:	May 1
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	40434C691

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