New Issue: HSBC prices $4.22 million performance securities linked to S&P 500 via UBS

By E. Janene Geiss

Philadelphia, Nov. 26 - HSBC USA Inc. priced $4.22 million of 0% performance securities with contingent protection due Nov. 29, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

UBS Financial Services Inc. and HSBC USA Inc. are the underwriters.

If the final index return is positive, the payout at maturity will be par of $10 plus 112.5% of the final index return. Investors will receive par for losses up to 50% and will share in losses beyond 50%.

Issuer:	HSBC USA Inc.
Issue:	Performance securities with contingent protection
Underlying index:	S&P 500
Amount:	$4,221,050
Maturity:	Nov. 29, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 112.5% of any index gain; par for losses up to 50%; investors share in losses beyond 50%
Initial index level:	851.81
Trigger level:	425.91, 50% of initial level
Pricing date:	Nov. 24
Settlement date:	Nov. 28
Underwriters:	UBS Financial Services Inc. and HSBC USA Inc.
Fees:	3.5%

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