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Important Information Any information relating to performance contained in these materials prior to March 15, 2017 is illustrative only. No assurance IS given that any indicative returns, performance or results, whether historical or hypothetical, will be achieved. Any specific terms or methodology remains subject to change, and HSBC underta kes no duty to update this information. This document may be amended, superseded or replaced in its entirety by a subsequent term sheet, disclosure or prospectus supplement, and/or offering circular or similar document and the documents referred to therein. In the event of any inconsistency between the information presented herein and any such term sheet, disclosure or prospectus supplement, and/or offering wcular or similar document, such term sheet. disclosure or prospectus supplement. and/or offenng circular or similar document shall govern. Use of simulated returns Any historical performance information Included in this document prior to March 15, 2017 represents only hypothetical historical results. You should note that the index constituents have not traded together in the manner shown in the composite hypothetical historical results. No representation is being made that the ndices w1ll achieve a performance record s1milar to that shown. In fact. there may often be sharp differences between hypothetical performance and actual performance. Back-testing and other statistical analysis matenal provided to you in connection with the explanations of the potential returns associated w1th an investment in the Index use simulated analysis and hypothetical assumptions in order to illustrate the manner in which the Index may have performed 1n periods prior to the actual existence of the Index. The hypothetical back-tested annualized performance and annualized volatility of the Index have inherent limitations. These performance and volatility results were achieved by means of a retroactive application of a back-tested volatility model designed w1th the benefit of hindsight. All hypothetical levels shown have inherent limitations. Alternative modelling techniques or assumptions may produce different hypothetical information that m1ght prove to be more appropriate and that might differ Significantly from the hypothetical information set forth above. Actual annualized performance and volatil1t1es may vary materially from the information shown. The results obtained from "back-testing" information should not be considered indicative of actualresults that might be obtained from an investment or participation in a financ1alinstrument or transaction referencing the Index. You should not place undue reliance on the "back-testing" information,which is prov1ded for illustrative purposes only. HSBC provides no assurance or guarantee that the I ndex w1ll operate or would have operated 1n the past in a manner cons1stent w1th the results presented in these materials. Hypothetical back-tested results are neither an indicator nor a guarantee of future returns. Actual results will vary, perhaps materially, from the analysis implied in the hypothetical information. You should review and consider the hypothetical information only with the full Index methodology. HSBC has filed a registration statement (including a prospectus and prospectus supplement) with the Securities and Exchange Commission for any offering to wh1ch this free writing prospectus may relate. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents HSBC has filed with the SEC for more complete information about HSBC and any related offering. You may get these documents for free by visiting EDGAR on the SEC's web site at www.sec.gov. Alternatively, HSBC Securities (USA) Inc. or any dealer participating 1n the related offering will arrange to send you the prospectus and prospectus supplement ilyou request them by calling toll-free 1-866-811-8049. Data sourced and calculated
by Bloomberg and HSBC. HSBC Vantage5 Index (the "Index") is the exclusive property of HSBC Bank pic and its affiliates, which has contracted w1th S&P Opco, LLC Ia subs diary of S&P Dow Jones Indices LLC) to administer. maintain and calculate the Index The Index is not endorsed by S&P or 1ts affiliates or its third-party l1censors. inc ud ng Standard & Poor's Financ1al Services LLC and Dow Jones Trademark Holdings LLC (collectively "S&P Dow Jones Indices "). "Calculated by S&P Custom lnd1ces " and 1ts related stylized mark(s) are serv1ce marks of S&P Dow Jones l nd1ces and have been licensed for use by HSBC Bank pic and its affiliates. S&P® is a registered trademark of Standard & Poor's Fina ncial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. S&P Dow Jones nd ces shall have no 11abil1ty for any errors or omissions 1n calculating the Index. HSBC Bank pic, as the index owner. makes no express or implied representations or warranties as to (a) the advisability of purchasing or assuming any risk 1n connection with any transaction or investment linked to the Index, (b) the levels at which the Index stands at any particular time on any particular da te. (c) the results to be obtained by any party from the use of the Index or any data included in it for the purposes of 1ssuing any f1nanc1al Instruments or carry1ng out any f1nanc1al transaction linked to the Index or (d) any other matter. Calculations may be based on information obta1ned from various publicly available sources. The index calculation agent has relied on these sources and has not Independently verified the Information extracted from these sources and accept no responsibility or liability in respect thereof. 1 This cap can increase in increments of 10% (subject to a maximum weight of 100%) as described further 1n the of fering document. ISSUER FREE WR ITING PR OSPECTUS Filed Pursuant to Rule 433 Registration Statement No. 333-223208 August 3, 2020 ID HSBC |
