# EDGAR Filing Document

**Accession Number:** 0000083246
**File Stem:** 0001104659-25-096210
**Filing Date:** 2025-10
**Character Count:** 4017
**Document Hash:** 9bcbb625d236a51ed6837494da7f87c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-096210.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0001104659-25-096210

**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:** 251371003

**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

![](tm2527726d66_fwpimg01.jpg)

AI Powered US Equity Adjusted Total Return Index Q3 2025 Fact CardAn 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.Winner Best New The HSBC AI Powered US Equity Indexes won the Index 2021 Best New Index award from SPi. This awardrecognizes the best non-traditional index provider of the year, based on methodology, innovation, and value to investors.Comparative PerformanceSimulated & Historical7000AI Powered US Equity Adjusted Total Return Index AiPEXAR6000 AiPEXAR S&P 500 Index (PR)5000 SPX SPX 40003000200010000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025AiPEXAR 12.70% SPX 11.95%compound compoundannual return annual return Source: Solactive, EquBot, HSBC, Bloomberg, from 1/3/2011 to 9/30/2025. 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 September 30, 2025. See the risk factors and "Use of Simulated Returns" herein. Index Returns:Simulated & HistoricalIndex returns as of 9/30/2025YTD 11.74% 1Y 13.99% 3Y 66.69% 5Y 62.09% 10Y 190.87% Volatility since inception 17.60% Bloomberg Ticker AiPEXAR Source: Solactive, EquBot, HSBC, Bloomberg, from 1/3/2011 to 9/30/2025Key FeaturesInformation AdvantageAiPEXAR 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 SelectionApplying 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% EquitiesAiPEXAR is 100% composed of US equities selected by the AI at all times and will not invest in cash or other instruments.ISSUER FREE WRITING PROSPECTUSFiled Pursuant to Rule 433Registration No. 333-277211October 2, 2025

![](tm2527726d66_fwpimg02.jpg)

### Attached PDF Documents

**Attachment 1:** `tm2527726d66_fwp.pdf`

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