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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
ot Rate as determined by the Calculation Agent in its sole discretion on the I mat aluation Date. Calculation Agent; HSBC or one of its affiliates CUSIRISIN: 40432XD32/US40432XD326 Form of Notes: Book-Entry Listing: The Notes will not be listed on any U.S. securities exchange or quotation syston. ht
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
ot Rate as determined by the Calculation Agent in its sole discretion on the I mat aluation Date. Calculation Agent; HSBC or one of its affiliates CUSIRISIN: 40432XD32/US40432XD326 Form of Notes: Book-Entry Listing: The Notes will not be listed on any U.S. securities exchange or quotation syston. ht
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
ot Rate as determined by the Calculation Agent in its sole discretion on the I mat aluation Date. Calculation Agent; HSBC or one of its affiliates CUSIRISIN: 40432XD32/US40432XD326 Form of Notes: Book-Entry Listing: The Notes will not be listed on any U.S. securities exchange or quotation syston. ht
Entities connected to both Initial Snot Rate - Final Soot Rate and CUSIRISIN

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