Rule 424(b)(3)
File No. 333-253915
Note:This revised form of American Depositary Receipt is being filed to reflect that the ratio of Shares per American Depositary Share has changed from 4,000 shares to 12,000 shares, effective July 27, 2026.
EXHIBIT A
AMERICAN DEPOSITARY SHARES
(Each American Depositary Share represents
12,000 deposited Shares)
THE BANK OF NEW YORK MELLON
AMERICAN DEPOSITARY RECEIPT
FOR ORDINARY SHARES OF
STEAKHOLDER... (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 Notes in any jurisdiction where the offer or sale is not permitted.
Subject to Completion, dated July 13, 2026
Pricing Supplement dated July , 2026
(To Product Supplement No. RLN-1 dated March 25, 2025, Prospectus Supplement dated March 25, 2025 and... (continue reading...)
Filed Pursuant to Rule 424(b)(2)
Registration No. 333-277211
July 9, 2026
PRICING SUPPLEMENT
(To Prospectus dated February 21, 2024,
Prospectus Supplement dated February 21, 2024 and
Equity Index Underlying Supplement dated February 21, 2024)
HSBC USA Inc.
$3,759,000
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... (continue reading...)
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