ng the units: and any applicable U.S. federal income tax consequences. The terms and conditions described under " Description of Debt Securities: " Description of Preferred Stock." " Description of Common Stock." " Description of Securities Warrants- and " Description of Currency Warrants" will apply to each unit and to any d

to be represented by the depositary shares supplements the description of the general terms and provisions of the preferred stock set forth under "Description of Preferred Stock" in the accompanying prospectus. The following sununary of the terms and provisions of the Series B Preferred Stock does not purport to be complete

nd More Information 3 Special Note Regarding Forward-Looking Statements 4 HSBC USA Inc 6 Use of Proceeds 7 Description of Debt Securities 8 Description of Preferred Stock 19 Description of Warrants 25 Description of Purchase Contracts 29 Description of Units 32 Book-Entry Procedures 35 Limitations on Issuance