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ospectus supplement and prospectus, the tempts set forth below will supersede. • Any payment on the Notes is subject to the Issuer's credit risk. Key Tomo. Issuer: HSBC USA Inc. Reference Currency: Brazilian Real per one C.S. Dollar ("USDBRI") Principal Amount: $1,000 per Note. Barrier Level: -I
Return Is -100%, you will lase your entire Investment. Reference Currency The quotient, expressed as a percentage, calculated as follows: Return: Initial Snot Rate - Final Soot Rate Initial Spot Rate Spot Rate: The Spot Rate for the Brazilian real relative to the U.S. dollar (the "USDI3RI;) on each date of calculation will be
ospectus supplement and prospectus, the tempts set forth below will supersede. • Any payment on the Notes is subject to the Issuer's credit risk. Key Tomo. Issuer: HSBC USA Inc. Reference Currency: Brazilian Real per one C.S. Dollar ("USDBRI") Principal Amount: $1,000 per Note. Barrier Level: -I
Return Is -100%, you will lase your entire Investment. Reference Currency The quotient, expressed as a percentage, calculated as follows: Return: Initial Snot Rate - Final Soot Rate Initial Spot Rate Spot Rate: The Spot Rate for the Brazilian real relative to the U.S. dollar (the "USDI3RI;) on each date of calculation will be
ospectus supplement and prospectus, the tempts set forth below will supersede. • Any payment on the Notes is subject to the Issuer's credit risk. Key Tomo. Issuer: HSBC USA Inc. Reference Currency: Brazilian Real per one C.S. Dollar ("USDBRI") Principal Amount: $1,000 per Note. Barrier Level: -I
Return Is -100%, you will lase your entire Investment. Reference Currency The quotient, expressed as a percentage, calculated as follows: Return: Initial Snot Rate - Final Soot Rate Initial Spot Rate Spot Rate: The Spot Rate for the Brazilian real relative to the U.S. dollar (the "USDI3RI;) on each date of calculation will be
Entities connected to both Key Tomo and Initial Snot Rate - Final Soot Rate

Brasil
LOCATIONInvestment
ORGANIZATIONBanco Central
ORGANIZATIONSao Paulo
LOCATIONBarmier
PERSONProspectus Supplement
ORGANIZATIONIISBC USA Inc.
ORGANIZATIONN Data System
ORGANIZATIONIIRER
ORGANIZATIONUSDISRL
ORGANIZATIONInitial Spot Rate
ORGANIZATIONCUSIRISIN
ORGANIZATION