# EDGAR Filing Document

**Accession Number:** 0000083246
**File Stem:** 0001104659-25-096197
**Filing Date:** 2025-10
**Character Count:** 3946
**Document Hash:** 789cb1aab094c502842f907505db500c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-096197.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0001104659-25-096197

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20251003

**DATE AS OF CHANGE**: 20251002

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HSBC USA INC /MD/
- **CENTRAL INDEX KEY:** 0000083246
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 132764867
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-277211
- **FILM NUMBER:** 251370967

**BUSINESS ADDRESS:**
- **STREET 1:** 66 HUDSON BOULEVARD
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-525-5000

**MAIL ADDRESS:**
- **STREET 1:** 66 HUDSON BOULEVARD
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HSBC USA INC /MD/
- **CENTRAL INDEX KEY:** 0000083246
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 132764867
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 66 HUDSON BOULEVARD
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-525-5000

**MAIL ADDRESS:**
- **STREET 1:** 66 HUDSON BOULEVARD
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

![](tm2527726d61_fwpimg001.jpg)

AI Powered US Equity Index 5 Q3 2025 Fact CardAiPEX5 Index Returns: SimulatedKey FeaturesAn Artiﬁcially Intelligent Equity Index with IBM Watson™ The AI Powered US Equity Index 5 ("AiPEX5"), a risk controlled, excess return index. AiPEX5 is comprised of approximately 250 U.S. publicly traded companies, selected monthly, that utilizes objective artiﬁcial intelligence to dynamically select the underlying constituents.Information AdvantageRisk ControlEquity SelectionThe AI Powered US Equity Indexes, including AiPEX5, are the ﬁrst and only indexes to use IBM Watson's unique insights to continuously learn and analyze millions of pieces of traditional and non-traditional data each day.In an attempt to provide steady returns at a reduced risk for the investor, AiPEX5 targets a daily volatility of 5%.Applying what it has learned, AiPEX5 objectively evaluates and scores each of the 1,000 largest U.S. publicly traded companies in order to ﬁnd those whose stock prices are poised for growth and rebalances its portfolio monthly.AiPEX5 Source: Bloomberg, Solactive, EquBot, HSBC from 1/3/2011 to 9/30/2025YTD 1Y 3Y 5Y10Y Annualized Volatility Bloomberg Ticker10YIndex returns as of 9/30/2025AiPEX5 % compound annual returnSPXT5UE % compound annual return Source: Bloomberg, Solactive, EquBot, HSBC from 4/30/2004 to 9/30/2025. The graph above sets forth the hypothetical back-tested performance of the Index from April 30, 2004 through May 4, 2020 and actual index performance thereafter through September 30, 2025. See the risk factors and "Use of Simulated Returns" herein.ISSUER FREE WRITING PROSPECTUS Filed Pursuant to Rule 433 Registration Statement No. 333-277211 October 2, 2025Comparative Performance: Historical & Simulated AI Powered US Equity Index 5 (ER) AiPEX5 S&P 500 Daily RC 5% (ER) SPXT5UESPXT5UEAiPEX50.96% 0.47% 3.24% -0.32%4.89%23.29%The HSBC AI Powered US Equity Indexes won the Best New Index award from SPi. This award recognizes the best non-traditional index provider of the year, based on methodology, innovation, and value to investors.Winner Best New Index 202150010001500200025002004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

![](tm2527726d61_fwpimg002.jpg)

### Attached PDF Documents

**Attachment 1:** `tm2527726d61_fwp.pdf`

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