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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
. Option 5 ("Cotacom pare Cotahilidade" or Rates for Accounting Purposes) at approximately 1:15 p.m.. Sao Paulo time, which appears on Reuters page "IIRER" to the right of the caption "Dollar FITAX". or any successor page. The USDISRL shall be calculated to the fourth decimal place. Initial Spot Rate:
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
. Option 5 ("Cotacom pare Cotahilidade" or Rates for Accounting Purposes) at approximately 1:15 p.m.. Sao Paulo time, which appears on Reuters page "IIRER" to the right of the caption "Dollar FITAX". or any successor page. The USDISRL shall be calculated to the fourth decimal place. Initial Spot Rate:
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
. Option 5 ("Cotacom pare Cotahilidade" or Rates for Accounting Purposes) at approximately 1:15 p.m.. Sao Paulo time, which appears on Reuters page "IIRER" to the right of the caption "Dollar FITAX". or any successor page. The USDISRL shall be calculated to the fourth decimal place. Initial Spot Rate:
Entities connected to both Key Tomo and IIRER

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