ACCELERATED RETURN NOTES® (ARNs®)
	Filed Pursuant to Rule 433
	Registration No. 333-180289

	Accelerated Return Notes® Linked to the Nikkei Stock Average Index
Issuer	HSBC USA Inc. (“HSBC”)
Original Offering Price	$10.00 per unit
Term	Approximately 14 months
Market Measure	Nikkei Stock Average Index (Bloomberg symbol: “NKY”)
Payout Profile at Maturity	—  3-to-1 upside exposure to increases in the Market Measure, subject to the Capped Value —  1-to-1 downside exposure to decreases in the Market Measure, with 100% of your investment at risk
Capped Value	[$11.00 - $11.40], a [10% - 14%] return over the Original Offering Price, to be determined on the pricing date
Investment   Considerations	This investment is designed for investors who anticipate that the Market Measure will increase moderately over the term of the notes, are willing to accept a capped return, take full downside risk and forgo interim interest payments.
Preliminary Offering   Documents	http://www.sec.gov/Archives/edgar/data/83246/000114420413022171/v341418_fwp.htm
Exchange Listing	No
You should read the relevant Preliminary Offering Documents before you invest.   Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.
Risk Factors   Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following: •   Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal. •   Payments on the notes, including repayment of principal, are subject to the credit risk of HSBC. If HSBC becomes insolvent or is unable to pay its obligations, you may lose your entire investment. •   Your investment return, if any, is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks included in the Market Measure. •   If you attempt to sell the notes prior to maturity, their market value may be lower than the price you paid for the notes. •   You will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities. •   Your return on the notes and the value of the notes may be affected by exchange rate movements and factors affecting the international securities markets Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure. HSBC has filed a registration statement (including a product supplement, a prospectus supplement, and a prospectus) with the SEC for the offering to which this document relates. Before you invest, you should read those documents, and the other documents that we have filed with the SEC, for more complete information about us and this offering. You may get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, HSBC, any agent, or any dealer participating in this offering will arrange to send you these documents if you so request by calling MLPF&S toll-free at 1-866-500-5408.