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PERFORMANCE:HISTORICAL&SIMULATEDDATA 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 90% 100% 110% 120% 130% 140% 150% 160% AsofSeptember30,2022HSBCVantage+Performance YTDReturn-14.05% 3YearReturn-10.19% 5YearReturn-5.54% 1YearVolatility6.35% AnnualizedVolatility*5.99% *DatafromJan2019thruSep2022calculatedonaperannumpercentagebasis.See”Useofsimulatedreturns”.Source:BloombergandHSBC.See”Risksrelatingtotheindex”and”ImportantInforma-tion”. Vantage+Indexincludesan0.85%perannumindexmaintenancefee,subtractedonadailybasis.Thegraphandtableabovesetforththehypotheticalback-testedperformanceoftheIndexfromJanuary1,2013throughSeptember30,2022.TheIndexhasonlybeencalculatedbySolactiveAGsinceNovember8,2019.Thehypotheticalback-testedperformanceoftheIndexsetforthinthegraphandtableabovewascalculatedusingtheselectioncriteriaandmethodologyemployedtocalculatetheIndexsinceitsinceptiononNovember8,2019. KEYDRIVERSOFPERFORMANCE » PrioritizingPerformingAssets-Minimizingcashinthemonthlyportfoliobyattemptingtofinda5%volatilityportfoliowithoutit,onlyturningtocashifunabletoachievethetargetvolatility. » VolatilityManagementSystem-Oncetheporfolioisselected,theIndexappliesleveragetobringexposureto6%volatility,enablingdynamicreactiontochangingmarketconditions,andallowingforexposuregreaterthan100%. » HigherEquityAllocation-TheIndexprovidesgreatermaximumallocationtodevelopedandemergingmarketequitiescomparedtosomeothertargetvolatilitymomentumstrategies. AVERAGEMONTHLYALLOCATION:HISTORICAL&SIMULATED Jul-22Aug-22Sep-2212MonthAverage SPY0.00%0.00%0.00%7.98%SPLV8.97%5.84%8.43%15.33%IWM0.00%0.00%0.00%0.39%QQQ0.00%0.00%0.00%0.49%EFA0.00%0.00%0.00%0.12% DevelopedEquitiesMax60%Subtotal8.97%5.84%8.43%24.31% TLT0.62%1.93%0.00%2.30%LQD38.06%39.35%37.71%32.64%HYG14.67%12.59%10.09%14.21% DevelopedBondsMax90%Subtotal53.35%53.86%47.80%49.15% EEM0.11%0.48%0.43%0.33%EMB2.57%3.03%0.00%3.19% EmergingMarketsMax30%Subtotal2.69%3.51%0.43%3.52% IYR0.00%0.00%0.00%0.99%GLD20.00%19.61%18.34%13.27% RealAssetsMax30%Subtotal20.00%19.61%18.34%14.26% InflationMax5%TIP5.00%5.00%5.00%5.00% CashifneededCash10.00%12.17%20.00%3.75% AllVantage+allocationdatapriortoNovember8,2019ishypothetical.See”UseofSimulatedReturns”. HSBCVantage+Index MonthlyReportSeptember2022

AVERAGEYEARLYASSETCLASSALLOCATION-HISTORICAL&SIMULATED 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (Sep YTD) 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Developed Equities Developed Bonds Emerging Markets Real Assets Inflation Cash AVERAGEYEARLYCASHALLOCATION-HISTORICAL&SIMULATED 20122013201420152016201720182019202020212022SepYTD AverageCashAllocation0.0%3.3%0.0%0.0%0.0%0.0%0.0%0.0%30.6%0.0%5.1% MONTHLYPERFORMANCE-HISTORICAL&SIMULATED Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual 2022 -3.72% -0.66% -0.34% -3.53% -0.14% -3.02% 1.53% -2.19% -2.81% -14.05% 2021 -2.06% -2.11% -0.90% 1.43% 0.77% 0.97% 1.77% 0.51% -3.64% 3.06% -1.00% 2.63% 1.21% 2020 2.53% -2.36% -1.54% 0.22% -0.12% 0.27% 0.97% 0.15% -0.64% -1.35% 3.29% 0.89% 2.19% 2019 1.56% -0.45% 1.92% -0.34% 1.53% 2.29% 0.26% 4.19% -1.55% 0.29% -0.58% 1.33% 10.81% 2018 4.50% -3.08% -0.33% -0.79% 0.39% -0.72% 0.56% 0.78% -2.24% -5.99% 0.80% -2.09% -8.27% 2017 0.85% 3.34% -0.22% 1.76% 1.89% -0.36% 1.50% 0.30% -0.03% 1.80% 1.61% 1.05% 14.28% 2016 1.05% 1.93% 2.39% 0.67% -1.03% 5.34% 1.73% -0.12% -0.15% -1.84% -2.43% 1.05% 8.69% AllVantage+allocationdatapriortoNovember8,2019ishypothetical.See”UseofSimulatedReturns”. INDEXINFORMATION IndexOwnerHSBCBankplc CurrencyUSD VolatilityTarget6.0% BloombergTickerHSIEVPLSIndex IndexCompositionUpto13ETFsplusCash CalculationAgent/IndexAdministratorSolactiveAG Websitevantageplus.gbm.hsbc.com HSBCVantage+Index MonthlyReportSeptember2022

RiskrelatingtotheindexSolactiveAGmayadjusttheIndexinawaythataf_fectsitslevel,andSolactiveAGhasnoobligationtoconsideryourinterests.TheIndexcomprisesnotionalassets.TheIndexmaynotbesuccessfulandmaynotoutperformanyalternativestrategythatmightbeemployedinrespectoftheETFs,orachieveintstargetvolatility.TheIndexhasaverylimitedoperatinghistoryandmayperforminunanticipatedways.TheIndexissubjecttomarketrisks.IfthemarketvaluesoftheETFschange,theleveloftheIndexandthemarketvalueofanylinkedstructuredinvestmentmaynotchangeinthesamemanner.TheIndexmayperformpoorlyduringperiodscharacterizedbyshor-termvolatility.TheleveloftheIndexincludesthedeductionoftheICELIBORUSD3Monthinterestrateandafee.AninvestmentlinkedtotheIndexcarriestherisksassociated withtheIndexsmomentuminvestmentstrategy.TheIndexmaybepartiallyuninvested.CorrelationofperformancesamongtheETFsmayreducetheperformanceoftheIndex.ChangesinthevalueoftheETFsmayof_fseteachother.Pleaseseetheriskfactorssectionoftherelevantof_feringdocumentforanyHSBC-issuedinvestmentlinkedtotheIndexforafulldescriptionoftherisksrelatingtotheIndex.Importantdisclaimerinformation investments.Thematerialpresenteddoesnotconstituteandshouldnotbeconstruedasarecommendationtoenterintoasecuritiesorderivativestransaction.Beforeinvesting treatmentandotherrelevantinformation. mentionedinthisdocumentorinoptions,futuresorotherderivativesbasedthereon. thisfreewritingprospectusmayrelate.Beforeyouinvest,youshouldreadtheprospectusandprospectussupplementinthatregistrationstatementandotherdocumentsHSBC SECswebsiteatwww.sec.gov.Alternatively,HSBCSecurities(USA)Inc.oranydealerparticipatingintherelatedof_feringwillarrangetosendyoutheprospectusandprospectussupplementifyourequestthembycallingtoll-free1-866-8118049.HSBCBankplcandSolactiveAG TheIndexisproprietarytoHSBCBankplc.NouseorpublicationmaybemadeoftheIndex,oranyof_itsprovisionsorvalues,withoutthepriorwrittenconsentofHSBCBankplc.NeitherHSBCBankplcnoritsdulyappointedsuccessor,actingasindexowner(theIndexOwner),norSolactiveAGoritsdulyappointedsuccessor,actingasindexadministrator(IndexAdministrator)andindexcalculationagent(IndexCalculationAgent),areobligedtoenterintoorpromotetransactionsorinvestmentsthatarelinkedtotheIndex.TheIndexOwnermakesnoexpressorimpliedrepresentationsorwarrantiesasto(a)theadvisabilityofpurchasingorassuminganyriskinconnectionwithanytransactionorinvestmentlinkedtotheIndex,(b)thelevelsatwhichtheIndexstandsatanyparticulartimeonanyparticulardate,(c)theresultstobeobtainedbyanypartyfromtheuseofthe maybebasedoninformationobtainedfromvariouspubliclyavailablesources.TheIndexAdministratorandtheIndexCalculationAgenthavereliedonthesesourcesandhavenot UseofsimulatedreturnsTheIndexwaslaunchedonNovember8,2019andthereforehaslimitedhistoricalperformance.Asaresult,limitedactualhistoricalperformanceinformationisavailableforyou investmentdecisionthanwouldbethecaseiftheIndexhadalongertradinghistory.Hypotheticalback-testedperformancepriortothelaunchoftheIndexprovidedinthisdocumentreferstosimulatedperformancedatacreatedbyapplyingtheIndexscalculationmethodologiestohistoricalpricesoftheunderlyingconstituentsandthereferencerate.Inaddition,becausecertainoftheIndexConstituents(SPLV,HYG,EEM,EMB,GLD,andTIP)werenotinexistenceatthestartoftheback-testedperiod,adjustmentshavebeenmadetocalculatetheirperformancepriortotheirinception.Suchsimulatedperformancedtahasbeenproducedbytheretroactiveapplicationofaback-testedmethodologyinhindsight,andmaygivemorepreferencetowardsunderlyingconstituentsthathaveperformedwellinthepast.Thehypotheticalback-testedannualizedperformanceandannualizedvolatilityoftheIndexhaveinherentlimitations.Theseperformanceandvolatilityresultswere aguarantorof_futureresults. calculatedduringthatperiod,andshouldnotberelieduponasanindicationoftheIndexsfutureperformance. 2022HSBCUSAInc.Allrightsreserved.Allresources:Solactive,HSBC,Bloomberg,fromJanuary1,2003toSeptember30,2022ISSUERFREEWRITINGPROSPECTUSFiledPursuanttoRule433RegistrationStatementNo.333-253385October05,2022 HSBCVantage+IndexMonthlyReportSeptember2022