![]() Us for distribution to other registered broker-dealers or will offer the securities directly to investors. We have appointed HSBC Securities (USA) Inc.,Īn affiliate of ours, as the agent for the sale of the securities. Representation to the contrary is a criminal offense. Or the adequacy of this document, the accompanying prospectus, prospectus supplement or Equity Index Underlying Supplement. (the “SEC”) nor any state securities commission has approved or disapproved of the securities or passed upon the accuracy ![]() securitiesĮxchange or automated quotation system. “security” and collectively the “securities") offered hereunder will not be listed on any U.S. The Dual Directional Barrier Notes (each a Performing Underlying if its Reference Return is less than -20%Īny payments on the Notes are subject to the credit risk The Least Performing Underlying if its Reference Return is negative but not less than -20%ġx exposure to any negative Reference Return of the Least Of the Least Performing Underlying (to be determined on the pricing date)ġx positive exposure to the Absolute Reference Return of Of the S&P 500 ® Index and the Russell 2000 ® IndexĪt least 1.3x exposure to any positive Reference Return Underlying Supplement dated March 5, 2015)ĭual Directional Barrier Notes linked to the least performing
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