Filed Pursuant to Rule 433
Registration No. 333-277211
October 7, 2026
FREE WRITING PROSPECTUS
(To Prospectus dated February 21, 2024,
Prospectus Supplement dated February 21, 2024 and
Stock-Linked Underlying Supplement dated February 21, 2024)
HSBC USA Inc.
Autocallable Contingent Income Barrier Notes
Monthly Contingent Coupon payments at a rate of approximately at... (continue reading...)
The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
Subject to completion dated October 7, 2026
October , 2026
... (continue reading...)The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement and the accompanying prospectus and prospectus supplement do not constitute an offer to sell these Notes, and we are not soliciting an offer to buy these Notes in any state where the offer or sale is not permitted.
Subject to CompletionPreliminary Pricing Supplement dated... (continue reading...)
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