Important Disclosures

For clients located outside of the US – Our products and services are not specifically directed at individuals located in the European Union. Our US representatives, as well as our public website, us.hsbc.com, provide products and services governed by US laws and regulations. Our products and services, as well as their specific terms and conditions, are subject to change and may not be available in all territories or to all customers. If your product requires a contract, application, disclosure, or other document to be signed, such document(s) will be deemed executed in the US and only acted upon after you have signed them and they have been received by HSBC in the US. If you are not located in the US, the laws and regulations of your country of residence could affect the offering, negotiation, discussion, provision, and/or use of HSBC US products and services. If you are not a US resident, please read the specific cross-border product and service disclaimers, which are available on the Cross Border Disclosure page of our public website at www.us.hsbc.com/crossborder.

HSBC Bank USA, N.A. Disclosure:

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

In broad terms, “ESG and sustainable investing” products include investment approaches or instruments which consider environmental, social, governance and/or other sustainability factors to varying degrees. There is no guarantee that ESG and Sustainable investing products will produce returns similar to those which don’t consider these factors. ESG and Sustainable investing products may diverge from traditional market benchmarks. In addition, at this time in the United States there is no standard definition of, or measurement criteria for, ESG and Sustainable investing or the impact of ESG and Sustainable investing products. ESG and Sustainable investing and related impact measurement criteria are (a) highly subjective and (b) may vary significantly across and within sectors. HSBC Securities (USA) Inc., HSBC Insurance Agency (USA) Inc., and HSBC Bank USA N.A. (collectively “HSBC”) may rely on non-HSBC ESG measurement or scoring criteria originating, devised and/or reported by unaffiliated third parties or issuers. HSBC does not always conduct its own specific due diligence in relation to these unaffiliated parties’ own ESG measurement or scoring criteria. There is no guarantee: (a) that the nature of the ESG / sustainability impact or measurement criteria of an investment will be aligned with any particular investor’s sustainability goals; or (b) that the stated level or target level of ESG / sustainability impact will be achieved. ESG and Sustainable investing is an evolving area and new regulations are being developed which will affect how such investments can be recommended, categorized, or labelled. An investment which is considered to fulfil sustainable criteria today may not meet those criteria at some point in the future.

ESG/Sustainable investing may impact exposure to issuers, sectors, and industries, limiting the type and number of investment opportunities available, which may impact performance. An ESG portfolio may or may not financially outperform similar investments that do not consider ESG criteria. To the extent that a product reflects an ESG or Sustainable label in its security title or name, the product may not be considered by HSBC to be an ESG or Sustainable investment and will not be recommended as an ESG or sustainable investment.

HSBC does not provide any ESG recommendations or advice as part of our brokerage services offering. ESG recommendations/advice are limited to managed account offerings available in the Spectrum II ESG model. Additionally, we reserve the right to not recommend, or trade securities based on HSBC Group’s* internal policies, including its sustainability policies. Customers can purchase ESG/SI related products on our platform on a self-directed basis. Any ESG/SI macroeconomic statements or promotional materials generated by other HSBC Group entities may not reflect the views of HSBC.

Information about HSBC Group’s approach to Sustainability can be found at Our climate strategy | HSBC Holdings plc

Please consider the investment’s specific ESG and Sustainable investing impact and measurement criteria as described in the prospectus or other offering documents prior to investing.

*HSBC Group refers to HSBC’s global affiliates.

In accordance with SEC regulation 17a-5(c), please click below to access the Statement of Financial Condition for HSBC Securities (USA) Inc., an indirect wholly owned subsidiary of HSBC Holdings plc. For further information or assistance, please contact our Brokerage Customer Service Department at 1.800.662.3343.

The U.S. Securities and Exchange Commission's client disclosure rule, SEC Rule 606, requires all broker-dealers that route orders in equity and options securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which the client orders were routed for execution during the applicable quarter and disclose the material aspects of the broker/dealer's relationship with such venues. HSBC Securities (USA) Inc. ("HSBC") routes 100% of its retail SEC 606 covered securities to its clearing broker, Pershing LLC, for routing and execution. HSBC does not receive compensation for directing order flow to Pershing LLC. Pershing LLC receives compensation for directing a portion of the order flow. Pershing LLC may act as principal when an order is routed to its market making desk.

To view the SEC 606 Order Disclosure reports for HSBC Securities (USA) Inc., please click on the link below. Once you are in the website, click on the SEARCH tab at the top, then enter HSBC Securities (USA) Inc., click DISPLAY, then click on the HSBC Securities (USA) Inc. name within the Search Results.

You may visit the SEC Website for more information on the Disclosure of SEC-Required Order Execution and Routing Practices.

The U.S. Securities and Exchange Commission's client disclosure rule, SEC Rule 606, requires all broker-dealers that route orders in equity and options securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which the client orders were routed for execution during the applicable quarter and disclose the material aspects of the broker/dealer's relationship with such venues.

Pursuant to SEC Rules 606, HSBC Securities (USA) Inc.'s order routing statistics for its Institutional (Non-Retail) orders are available by clicking the link below.

SEC Order Route Disclosure

For information regarding HSBC's efforts to combat money-laundering and compliance with regulations such as the USA PATRIOT Act, please click on the following link:

USA Patriot Act

HSBC Securities (USA) Inc. has prepared the following disclosure in accordance with FINRA Conduct Rule 4370.

HSBC is committed to the protection of personal information. See our Online Privacy Statement for more details.

Online Privacy Statement

HSBC Securities is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org or 202-371-8300.

HSBC Securities is a member of FINRA and the NYSE and is a registered futures commission merchant. You may access the FINRA Investor Brochure, which contains information on the FINRA Public Disclosure Program. You may contact FINRA at 800.289.9999 or on the Internet at www.finra.org

BrokerCheck is a free tool from FINRA that can help you research the professional background of brokers and firms. http://brokercheck.finra.org/

This brochure outlines the commissions and fees for your HSBC Securities account. It is our goal to make sure you are fully informed of the charges incurred for HSBC Securities services. Please contact HSBC Securities Client Service at 800.662.3343 for clarification on rates.

Agreement detailing the rights and obligations of HSBC Securities (USA) Inc. (“HSI”) and the customer in connection with each account held by the customer at HSI.

This document describes the account information that we may share between HSBC affiliates for purposes of identifying potential financial crimes. It also describes the actions that we may take should HSBC determine that an account is involved in financial crime activity, or if account information that has been provided to HSBC is inaccurate. Further, this Disclosure states our customers’ responsibilities with respect to tax obligations and related reporting to applicable and various tax authorities.

HSBC Securities (USA), Inc. is registered with the Securities Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory Authority (”FINRA”) and Municipal Securities Rulemaking Board (“MSRB”). MSRB provides customers an investor brochure that describes protections that may be provided by the MSRB rules and how to file a complaint with an appropriate regulatory authority. To access this information, please go to: http://www.msrb.org/~/media/Files/Resources/MSRB-Investor-Brochure.ashx?la=en.