Filed Pursuant to Rule 433
Registration No. 333-277211
June 24, 2026
FREE WRITING PROSPECTUS
(To Prospectus dated February 21, 2024,
Prospectus Supplement dated February 21, 2024 and
Equity Index Underlying Supplement dated February 21, 2024)
HSBC USA Inc.
Autocallable Contingent Income Barrier Notes
Linked to the Least Performing of the S&P 500® Index, the Russell 2000® Index and the Nasdaq-100 Index® (the "Reference Asset")
Monthly Contingent... (continue reading...)
The information in this Preliminary Pricing Supplement is not complete and may be changed. We may not sell these Notes until the Pricing Supplement is delivered in final form. We are not selling these Notes, nor are we soliciting offers to buy these Notes, in any state where such offer or sale is not permitted.
Subject to Completion. Dated June 24, 2026
Filed Pursuant to... (continue reading...)
The information in this Preliminary Pricing Supplement is not complete and may be changed. We may not sell these Notes until the Pricing Supplement is delivered in final form. We are not selling these Notes, nor are we soliciting offers to buy these Notes, in any state where such offer or sale is not permitted.
Subject to Completion. Dated June 24, 2026
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