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June 1, 2018 COMMODITY FUTURES TRADING COMMISSION RULE 1.55(K): FCM-SPECIFIC DISCLOSURE DOCUMENT The Commodity Futures Trading Commission (Commission) requires each futures commission merchant (FCM), including HSBC Securities (USA) Inc. (“HSI”), to provide the following information to a customer prior to the time the customer first enters into an account agreement or deposits money or securities (funds) with HSI. Except as otherwise noted below, the information set out is as of June 30, 2017. HSI will update this information annually and as necessary to take account of any material change to its business operations, financial condition or other factors that HSI believes may be material to a customer’s decision to do business with HSI. Nonetheless, HSI’s business activities and financial data are not static and will change in non-material ways frequently throughout any 12-month period. HSBC Securities (USA) Inc. is a subsidiary of HSBC North America Holdings. Information that may be material with respect to HSI for purposes of the Commission’s disclosure requirements may not be material to HSBC North America Holdings for purposes of applicable securities laws. Firm Name and Address: HSBC Securities (USA) Inc., 452 5th Avenue New York N.Y. 10018, (212) 525-5000. Principals: Thierry Roland Thierry Roland is Group General Manager and Chief Executive Officer, HSBC Global Banking and Markets for the U.S, Canada and Latin America. Previous to his current role, Roland was Group Treasurer of HSBC Holdings plc from 2010 to April 2015. He has worked for HSBC and Crédit Commercial de France (which HSBC acquired in 2000) since 1988. He has held positions in Tokyo, Paris and London, undertaking various roles in Global Markets and Treasury. In 2006, Roland was appointed Treasurer of HSBC Bank USA, New York and Head of Balance Sheet Management for the Americas. He served as Chief Executive Officer for HSBC Securities in 2007 and 2008 before relocating to London to become Global Head of Balance Sheet Management. Mr. Roland holds an MSc degree in Engineering from Ecole Centrale, Paris and an MBA in Finance from Paris-Dauphine University. Mr. Roland’s business address is 452 Fifth Avenue, New York, NY 10018. Gregory Pierce Gregory Pierce is Managing Director and Head of HSBC Global Markets Americas. In this role, Mr. Pierce is responsible for sales and trading in conjunction with Balance Sheet Management operations in the North America and Latin America regions. Previously, Mr. Pierce was Head of Balance Sheet Management for the HSBC Group in the Americas, and Executive Vice President, Treasurer of HSBC Bank USA, N.A., where he was responsible for investment portfolio strategy, funding and liquidity management, and overall interest rate risk positioning of the bank. Mr. Pierce joined HSBC in 1996 as a portfolio manager and proprietary trader. PUBLIC Prior to joining HSBC, Mr. Pierce spent 11 years at National Westminster Bank USA, where he was Head of Balance Sheet Management, Co-Head of the Bank’s investment portfolio and a portfolio manager in its Asset Management Division. Mr. Pierce holds a Bachelor’s degree in History and Economics from Hobart College. He is a Chartered Financial Analyst, and member of the New York Society of Securities Analysts, and prior president of the Treasury Securities Luncheon Club. Mr. Pierce’s business address is 452 Fifth Avenue, New York, NY 10018. Matthew J. Flanigan Matthew Flanigan is a Managing Director and Chief Operating Officer of HSBC Global Banking and Markets, Americas. In this role, Mr. Flanigan has oversight of the functional and operational areas including Technology and Shared Services, Operations, Finance, Compliance, Legal, Compliance Risk Assessment Unit and the Business Risk Control Managers program, Chief Data Office as well as the non-revenue generating resources associated/attached to the various lines of business. Mr. Flanigan also coordinates the financial and operating plans, participate in the development of policies and guiding principles, anticipate and/or resolve challenges and issues and stakeholder feedback. Mr. Flanigan is tasked to ensure a greater co-ordination and standardization of the operations, including the monitoring of operational risks. He is also responsible for managing the total cost base of Global Banking and Markets, Americas. Mr. Flanigan has worked for HSBC since 2011 when he joined the firm to be Head of Global Banking and Markets for the Americas. In 2012, he transitioned into his current role as COO for Global Banking and Markets, Americas. Previous to HSBC, Mr. Flanigan was at Merrill Lynch, Bank of New York, Lehman Brothers and Citibank where he held various roles in both Operations and Finance organizations. Mr. Flanigan received his Bachelors of Business Administration with a concentration in Finance and Banking from Hofstra University. Mr. Flanigan’s business address is 452 Fifth Avenue, New York, NY 10018. Michael P. Hynes Michael Hynes is a Managing Director and the Americas Head of Exchange Traded Derivatives and OTC Clearing. In this capacity, Mr. Hynes manages professionals engaged in sales, clearing, marketing and client services for HSI’s institutional clients located in the Americas, which comprises the US, Canada and Mexico. Prior to joining HSI, Mr. Hynes was a national sales manager of fixed income products at Stifel Nicolaus, a major regional broker dealer. Mr. Hynes has over 30 years of experience in the securities industry, starting out as a corporate bond trader at Smith Barney. In 1994, Mr. Hynes became the Head of Investment Grade Trading and Fixed Income Syndicate. In 1998, Mr. Hynes was appointed North American Head of Fixed Income Syndicate at UBS Securities where he was responsible for all new issue underwriting in the Americas. Mr. Hynes re-joined Citigroup in 2004 where he headed FICC Prime Services until 2010 when he joined Stifel Nicolaus. Mr. Hynes has an undergraduate degree in Mathematics from Fordham University and an MBA from the Stern School at New York University. Mr. Hynes’ office is located at 452 Fifth Avenue, New York, NY 10018. PUBLIC - 2 Marco Ossanna Marco Ossanna was appointed as the Chief Risk Officer of the FCM since August 2016. Mr. Ossanna has been a Senior Vice President and worked as subject matter expert of Central Clearing Counterparties at HSBC Securities (USA) Inc. since June 2014 advising the FCM on establishing risk appetite and managing exposure towards Clearing Houses. From 2011 to 2013, Mr. Ossanna, was an Executive Director at Chicago Mercantile Exchange, in charge of Clearing Membership, Risk Management and Default Management for Over-the-Counter Derivatives. From 1991 to 2010, Mr. Ossanna was an Executive Vice President and Global Risk Officer of Structured Equity Derivatives at Intesa Sanpaolo, an Italian bank, supervising teams in New York and London. In the 1990's, he worked in the Research Department of Banca Commerciale Italiana in Milan, Italy, publishing market wide bank sector analysis and bank's strategy papers. Mr. Ossanna received a Laurea in Economics from the Universita' degli Studi di Pavia in 1991 and he is a Certified European Financial Analyst. He is also an active member of “The Clearing House” Association and periodically represents HSBC at meetings with Regulators on matters concerning derivatives. Mr. Ossanna’s office is located at 452 Fifth Avenue, New York, NY 10018. Michael M Boardman Michael M. Boardman is an Executive Vice President and Head of Wealth Management for HSBC Securities (USA) Inc. Prior to joining HSBC Securities (USA) Inc. Mr. Boardman was a Senior Advisor at The Boston Consulting Group from July 2016 to November 2016. Mr. Boardman was a CEO of Chase Wealth Management at J.P. Morgan Chase from November 2013 to September 2015. Mr. Boardman was also President of the Private Client Reserve of U.S. Bank from April 2008 to November 2013. Mr. Boardman holds a Bachelor of Arts Degree from the Middlebury College in 1980 and received a Masters in Business Administration from Columbia University in 1993. Mr. Boardman’s business address is 330 Madison Avenue, New York, NY 10017. Suzanna Carr Suzanna Carr is the Chief Risk Officer for Global Banking & Markets and Commercial Banking covering the U.S. entities of HSBC Holdings plc (NYSE:HBC), one of the world’s largest banking and financial services organizations. As the Chief Risk Officer her role is to ensure effective governance and oversight of the risk management framework and to provide a holistic, joined up view across the risk disciplines. Ms. Carr joined HSBC in London in 1995 as part of the Product Control Finance function and worked as part of that group for 10 years in a number of management positions across every asset class within the Global Markets business. She moved to New York in 2006 to take up a role as the Global Business Manager for the Structured Credit Business where she assisted in the management of the Credit Crisis for the Credit business and the bank until the end of 2009. In 2009, she took up the role of the Deputy Chief Operating Officer, Global Markets and was promoted to Managing Director in 2010. In 2011 Suzy took the Chief Operating Officer position for Global Markets covering the Americas region. As part of the Global Markets Management office her responsibilities covered the day to day management of the business with a significant focus on ensuring the business was managed in accordance with the banks policies and standards which continued to evolve under the changing regulatory environment. PUBLIC - 3 Ms. Carr expanded her remit to act as Treasurer for the Securities Company in 2015 and then took on her current role as Chief Risk Officer in January 2017. Nicholas Sahadi Nicholas Sahadi is the Americas Head of Global Markets Compliance since January 2018 and Chief Compliance Officer of the Futures Commission Merchant of HSBC Securities (USA) Inc.

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