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nt to the terms of a distribution agreement, HSBC Securities (USA) Inc., an affiliate of HSBC, will purchase the Notes from HSBC for distribution to J.P. Morgan Securities LLC and certain of its miistered broker-dealer affiliates, acting as placement agent, at the price indicated on the cover of this pricing supplement. Th
icing supplement. The placement agents for the Notes will receive a fee that will not exceed SIO per SI,000 Principal Amount of Notes. In addition, I ISBC Securities (USA) Inc. or another of its affiliates or agents may use this pricing supplement in market-making transactions after the initial sale of the Notes, but is und
nt to the terms of a distribution agreement, HSBC Securities (USA) Inc., an affiliate of HSBC, will purchase the Notes from HSBC for distribution to J.P. Morgan Securities LLC and certain of its miistered broker-dealer affiliates, acting as placement agent, at the price indicated on the cover of this pricing supplement. Th
icing supplement. The placement agents for the Notes will receive a fee that will not exceed SIO per SI,000 Principal Amount of Notes. In addition, I ISBC Securities (USA) Inc. or another of its affiliates or agents may use this pricing supplement in market-making transactions after the initial sale of the Notes, but is und
nt to the terms of a distribution agreement, HSBC Securities (USA) Inc., an affiliate of HSBC, will purchase the Notes from HSBC for distribution to J.P. Morgan Securities LLC and certain of its miistered broker-dealer affiliates, acting as placement agent, at the price indicated on the cover of this pricing supplement. Th
icing supplement. The placement agents for the Notes will receive a fee that will not exceed SIO per SI,000 Principal Amount of Notes. In addition, I ISBC Securities (USA) Inc. or another of its affiliates or agents may use this pricing supplement in market-making transactions after the initial sale of the Notes, but is und
Entities connected to both J.P. Morgan Securities LLC and I ISBC Securities (USA) Inc.