# EDGAR Filing Document

**Accession Number:** 0000083246
**File Stem:** 0001104659-26-039586
**Filing Date:** 2026-4
**Character Count:** 4212
**Document Hash:** 300e40c21588767671707dccb835381a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-039586.hdr.sgml**: 20260403

**ACCESSION NUMBER**: 0001104659-26-039586

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260403

**DATE AS OF CHANGE**: 20260403

**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:** 26837862

**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

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| &nbsp;&nbsp;![GRAPHIC](tm2610868d43_fwpimg001.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comparative Performance Simulated & Historical ISSUER FREE WRITING PROSPECTUS Filed Pursuant to Rule 433 Registration No. 333-277211 April 3, 2026 An Artificially Intelligent Equity Index with IBM Watson™ The AI Powered US Equity Adjusted Total Return Index ("AiPEXAR") is comprised of Large and Mid Cap U.S. publicly traded companies. AiPEXAR utilizes artificial intelligence to dynamically select the constituents while maintaining volatility compared to the Solactive US 500 Index through a tracking error constraint. AiPEXAR is a total return index with a 5.0% per annum adjustment factor, or decrement. Source: Solactive, EquBot, HSBC, Bloomberg, from 1/3/2011 to 3/31/2026. The graph above sets forth the hypothetical back-tested performance of the Index from January 3, 2011 through July 14, 2021 and actual index performance thereafter through March 31, 2026. See the risk factors and "Use of Simulated Returns" herein. AI Powered US Equity Adjusted Total Return Index Q1 2026 Fact Card Key Features Index Returns: Simulated & Historical Source: Solactive, EquBot, HSBC, Bloomberg, from 1/3/2011 to 3/31/2026 YTD 1Y 3Y 5Y Volatility since inception Bloomberg Ticker 10Y Index returns as of 3/31/2026 AiPEXAR Information Advantage AiPEXAR is part of a suite of AI indexes that are the first and only to use IBM Watson's unique insights to continuously learn and analyze millions of pieces of traditional and non-traditional data each day. Equity Selection Applying what it has learned, AiPEXAR selects a portfolio of US Large & Mid Cap company shares based on their combined AI scores, subject to allocation constrains. 100% Equities AiPEXAR is 100% composed of US equities selected by the AI at all times and will not invest in cash or other instruments. AiPEXAR 12.07% compound annual return SPX 11.52% compound annual return -5.11% 12.51% 41.88% 29.94% 17.51% 153.37% SPX 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 2021 AiPEXAR AI Powered US Equity Adjusted Total Return Index AiPEXAR S&P 500 Index (PR) SPX 0 1000 2000 3000 4000 5000 6000 7000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 |

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### Attached PDF Documents

**Attachment 1:** `tm2610868d43_fwp.pdf`

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