<SEC-DOCUMENT>0001104659-25-094157-index.html : 20250929
<SEC-HEADER>0001104659-25-094157.hdr.sgml : 20250929
<ACCEPTANCE-DATETIME>20250929085333
ACCESSION NUMBER:		0001104659-25-094157
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		121
FILED AS OF DATE:		20250929
DATE AS OF CHANGE:		20250929

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HSBC USA INC /MD/
		CENTRAL INDEX KEY:			0000083246
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		ORGANIZATION NAME:           	02 Finance
		EIN:				132764867
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-277211
		FILM NUMBER:		251352438

	BUSINESS ADDRESS:	
		STREET 1:		66 HUDSON BOULEVARD
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		212-525-5000

	MAIL ADDRESS:	
		STREET 1:		66 HUDSON BOULEVARD
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HSBC USA INC /MD/
		CENTRAL INDEX KEY:			0000083246
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		ORGANIZATION NAME:           	02 Finance
		EIN:				132764867
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		66 HUDSON BOULEVARD
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		212-525-5000

	MAIL ADDRESS:	
		STREET 1:		66 HUDSON BOULEVARD
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm2524998d429_fwp.htm
<DESCRIPTION>FREE WRITING PROSPECTUS
<TEXT>
Document 1 - file: tm2524998d429_fwp.htm
</DOCUMENT> <DOCUMENT> <TYPE>FWP <SEQUENCE>2 <FILENAME>tm2524998d429_fwp.pdf <DESCRIPTION>FREE WRITING PROSPECTUS <TEXT> Document 2 - file: tm2524998d429_fwp.pdf
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>3 <FILENAME>tm2524998d429_fwpimg001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 3 - file: tm2524998d429_fwpimg001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>4 <FILENAME>tm2524998d429_fwpimg002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 4 - file: tm2524998d429_fwpimg002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>5 <FILENAME>tm2524998d429_fwpimg003.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 5 - file: tm2524998d429_fwpimg003.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>6 <FILENAME>tm2524998d429_fwpimg004.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 6 - file: tm2524998d429_fwpimg004.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>7 <FILENAME>tm2524998d429_fwpimg005.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 7 - file: tm2524998d429_fwpimg005.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>8 <FILENAME>tm2524998d429_fwpimg006.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 8 - file: tm2524998d429_fwpimg006.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>9 <FILENAME>tm2524998d429_fwpimg007.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 9 - file: tm2524998d429_fwpimg007.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>10 <FILENAME>tm2524998d429_fwpimg008.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 10 - file: tm2524998d429_fwpimg008.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>11 <FILENAME>tm2524998d429_fwpimg009.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 11 - file: tm2524998d429_fwpimg009.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>12 <FILENAME>tm2524998d429_fwpimg010.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 12 - file: tm2524998d429_fwpimg010.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>13 <FILENAME>tm2524998d429_fwpimg011.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 13 - file: tm2524998d429_fwpimg011.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>14 <FILENAME>tm2524998d429_fwpimg012.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 14 - file: tm2524998d429_fwpimg012.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>15 <FILENAME>tm2524998d429_fwpimg013.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 15 - file: tm2524998d429_fwpimg013.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>16 <FILENAME>tm2524998d429_fwpimg014.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 16 - file: tm2524998d429_fwpimg014.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>17 <FILENAME>tm2524998d429_fwpimg015.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 17 - file: tm2524998d429_fwpimg015.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>18 <FILENAME>tm2524998d429_fwpimg016.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 18 - file: tm2524998d429_fwpimg016.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>19 <FILENAME>tm2524998d429_fwpimg017.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 19 - file: tm2524998d429_fwpimg017.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>20 <FILENAME>tm2524998d429_fwpimg018.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 20 - file: tm2524998d429_fwpimg018.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>21 <FILENAME>tm2524998d429_fwpimg019.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 21 - file: tm2524998d429_fwpimg019.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>22 <FILENAME>tm2524998d429_fwpimg020.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 22 - file: tm2524998d429_fwpimg020.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>23 <FILENAME>tm2524998d429_fwpimg021.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 23 - file: tm2524998d429_fwpimg021.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>24 <FILENAME>tm2524998d429_fwpimg022.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 24 - file: tm2524998d429_fwpimg022.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>25 <FILENAME>tm2524998d429_fwpimg023.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 25 - file: tm2524998d429_fwpimg023.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>26 <FILENAME>tm2524998d429_fwpimg024.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 26 - file: tm2524998d429_fwpimg024.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>27 <FILENAME>tm2524998d429_fwpimg025.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 27 - file: tm2524998d429_fwpimg025.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>28 <FILENAME>tm2524998d429_fwpimg027.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 28 - file: tm2524998d429_fwpimg027.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>29 <FILENAME>tm2524998d429_fwpimg028.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 29 - file: tm2524998d429_fwpimg028.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>30 <FILENAME>tm2524998d429_fwpimg029.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 30 - file: tm2524998d429_fwpimg029.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>31 <FILENAME>tm2524998d429_fwpimg030.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 31 - file: tm2524998d429_fwpimg030.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>32 <FILENAME>tm2524998d429_fwpimg031.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 32 - file: tm2524998d429_fwpimg031.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>33 <FILENAME>tm2524998d429_fwpimg032.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 33 - file: tm2524998d429_fwpimg032.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>34 <FILENAME>tm2524998d429_fwpimg033.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 34 - file: tm2524998d429_fwpimg033.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>35 <FILENAME>tm2524998d429_fwpimg035.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 35 - file: tm2524998d429_fwpimg035.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>36 <FILENAME>tm2524998d429_fwpimg036.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 36 - file: tm2524998d429_fwpimg036.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>37 <FILENAME>tm2524998d429_fwpimg037.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 37 - file: tm2524998d429_fwpimg037.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>38 <FILENAME>tm2524998d429_fwpimg038.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 38 - file: tm2524998d429_fwpimg038.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>39 <FILENAME>tm2524998d429_fwpimg039.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 39 - file: tm2524998d429_fwpimg039.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>40 <FILENAME>tm2524998d429_fwpimg040.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 40 - file: tm2524998d429_fwpimg040.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>41 <FILENAME>tm2524998d429_fwpimg041.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 41 - file: tm2524998d429_fwpimg041.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>42 <FILENAME>tm2524998d429_fwpimg042.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 42 - file: tm2524998d429_fwpimg042.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>43 <FILENAME>tm2524998d429_fwpimg043.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 43 - file: tm2524998d429_fwpimg043.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>44 <FILENAME>tm2524998d429_fwpimg044.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 44 - file: tm2524998d429_fwpimg044.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>45 <FILENAME>tm2524998d429_fwpimg045.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 45 - file: tm2524998d429_fwpimg045.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>46 <FILENAME>tm2524998d429_fwpimg046.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 46 - file: tm2524998d429_fwpimg046.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>47 <FILENAME>tm2524998d429_fwpimg047.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 47 - file: tm2524998d429_fwpimg047.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>48 <FILENAME>tm2524998d429_fwpimg048.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 48 - file: tm2524998d429_fwpimg048.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>49 <FILENAME>tm2524998d429_fwpimg049.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 49 - file: tm2524998d429_fwpimg049.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>50 <FILENAME>tm2524998d429_fwpimg050.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 50 - file: tm2524998d429_fwpimg050.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>51 <FILENAME>tm2524998d429_fwpimg051.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 51 - file: tm2524998d429_fwpimg051.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>52 <FILENAME>tm2524998d429_fwpimg052.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 52 - file: tm2524998d429_fwpimg052.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>53 <FILENAME>tm2524998d429_fwpimg053.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 53 - file: tm2524998d429_fwpimg053.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>54 <FILENAME>tm2524998d429_fwpimg054.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 54 - file: tm2524998d429_fwpimg054.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>55 <FILENAME>tm2524998d429_fwpimg055.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 55 - file: tm2524998d429_fwpimg055.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>56 <FILENAME>tm2524998d429_fwpimg056.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 56 - file: tm2524998d429_fwpimg056.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>57 <FILENAME>tm2524998d429_fwpimg057.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 57 - file: tm2524998d429_fwpimg057.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>58 <FILENAME>tm2524998d429_fwpimg058.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 58 - file: tm2524998d429_fwpimg058.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>59 <FILENAME>tm2524998d429_fwpimg059.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 59 - file: tm2524998d429_fwpimg059.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>60 <FILENAME>tm2524998d429_fwpimg060.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 60 - file: tm2524998d429_fwpimg060.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>61 <FILENAME>tm2524998d429_fwpimg061.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 61 - file: tm2524998d429_fwpimg061.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>62 <FILENAME>tm2524998d429_fwpimg062.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 62 - file: tm2524998d429_fwpimg062.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>63 <FILENAME>tm2524998d429_fwpimg063.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 63 - file: tm2524998d429_fwpimg063.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>64 <FILENAME>tm2524998d429_fwps2img001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 64 - file: tm2524998d429_fwps2img001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>65 <FILENAME>tm2524998d429_fwps2img002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 65 - file: tm2524998d429_fwps2img002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>66 <FILENAME>tm2524998d429_fwps2img003.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 66 - file: tm2524998d429_fwps2img003.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>67 <FILENAME>tm2524998d429_fwps2img004.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 67 - file: tm2524998d429_fwps2img004.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>68 <FILENAME>tm2524998d429_fwps2img005.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 68 - file: tm2524998d429_fwps2img005.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>69 <FILENAME>tm2524998d429_fwps2img006.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 69 - file: tm2524998d429_fwps2img006.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>70 <FILENAME>tm2524998d429_fwps2img007.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 70 - file: tm2524998d429_fwps2img007.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>71 <FILENAME>tm2524998d429_fwps2img008.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 71 - file: tm2524998d429_fwps2img008.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>72 <FILENAME>tm2524998d429_fwps2img009.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 72 - file: tm2524998d429_fwps2img009.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>73 <FILENAME>tm2524998d429_fwps2img010.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 73 - file: tm2524998d429_fwps2img010.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>74 <FILENAME>tm2524998d429_fwps2img011.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 74 - file: tm2524998d429_fwps2img011.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>75 <FILENAME>tm2524998d429_fwps2img012.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 75 - file: tm2524998d429_fwps2img012.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>76 <FILENAME>tm2524998d429_fwps2img013.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 76 - file: tm2524998d429_fwps2img013.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>77 <FILENAME>tm2524998d429_fwps2img014.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 77 - file: tm2524998d429_fwps2img014.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>78 <FILENAME>tm2524998d429_fwps2img015.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 78 - file: tm2524998d429_fwps2img015.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>79 <FILENAME>tm2524998d429_fwps2img016.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 79 - file: tm2524998d429_fwps2img016.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>80 <FILENAME>tm2524998d429_fwps2img017.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 80 - file: tm2524998d429_fwps2img017.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>81 <FILENAME>tm2524998d429_fwps2img018.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 81 - file: tm2524998d429_fwps2img018.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>82 <FILENAME>tm2524998d429_fwps2img019.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 82 - file: tm2524998d429_fwps2img019.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>83 <FILENAME>tm2524998d429_fwps2img020.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 83 - file: tm2524998d429_fwps2img020.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>84 <FILENAME>tm2524998d429_fwps2img021.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 84 - file: tm2524998d429_fwps2img021.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>85 <FILENAME>tm2524998d429_fwps2img022.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 85 - file: tm2524998d429_fwps2img022.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>86 <FILENAME>tm2524998d429_fwps2img023.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 86 - file: tm2524998d429_fwps2img023.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>87 <FILENAME>tm2524998d429_fwps2img024.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 87 - file: tm2524998d429_fwps2img024.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>88 <FILENAME>tm2524998d429_fwps2img025.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 88 - file: tm2524998d429_fwps2img025.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>89 <FILENAME>tm2524998d429_fwps2img026.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 89 - file: tm2524998d429_fwps2img026.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>90 <FILENAME>tm2524998d429_fwps2img027.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 90 - file: tm2524998d429_fwps2img027.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>91 <FILENAME>tm2524998d429_fwps2img028.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 91 - file: tm2524998d429_fwps2img028.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>92 <FILENAME>tm2524998d429_fwps2img029.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 92 - file: tm2524998d429_fwps2img029.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>93 <FILENAME>tm2524998d429_fwps2img030.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 93 - file: tm2524998d429_fwps2img030.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>94 <FILENAME>tm2524998d429_fwps2img031.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 94 - file: tm2524998d429_fwps2img031.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>95 <FILENAME>tm2524998d429_fwps2img032.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 95 - file: tm2524998d429_fwps2img032.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>96 <FILENAME>tm2524998d429_fwps2img033.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 96 - file: tm2524998d429_fwps2img033.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>97 <FILENAME>tm2524998d429_fwps2img034.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 97 - file: tm2524998d429_fwps2img034.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>98 <FILENAME>tm2524998d429_fwps2img035.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 98 - file: tm2524998d429_fwps2img035.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>99 <FILENAME>tm2524998d429_fwps2img036.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 99 - file: tm2524998d429_fwps2img036.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>100 <FILENAME>tm2524998d429_fwps2img037.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 100 - file: tm2524998d429_fwps2img037.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>101 <FILENAME>tm2524998d429_fwps2img038.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 101 - file: tm2524998d429_fwps2img038.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>102 <FILENAME>tm2524998d429_fwps2img039.gif <DESCRIPTION>GRAPHIC <TEXT> Document 102 - file: tm2524998d429_fwps2img039.gif
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>103 <FILENAME>tm2524998d429_fwps2img040.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 103 - file: tm2524998d429_fwps2img040.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>104 <FILENAME>tm2524998d429_fwps2img041.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 104 - file: tm2524998d429_fwps2img041.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>105 <FILENAME>tm2524998d429_fwps2img042.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 105 - file: tm2524998d429_fwps2img042.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>106 <FILENAME>tm2524998d429_fwps2img043.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 106 - file: tm2524998d429_fwps2img043.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>107 <FILENAME>tm2524998d429_fwps2img044.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 107 - file: tm2524998d429_fwps2img044.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>108 <FILENAME>tm2524998d429_fwps2img045.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 108 - file: tm2524998d429_fwps2img045.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>109 <FILENAME>tm2524998d429_fwps2img046.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 109 - file: tm2524998d429_fwps2img046.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>110 <FILENAME>tm2524998d429_fwps2img047.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 110 - file: tm2524998d429_fwps2img047.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>111 <FILENAME>tm2524998d429_fwps2img048.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 111 - file: tm2524998d429_fwps2img048.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>112 <FILENAME>tm2524998d429_fwps2img049.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 112 - file: tm2524998d429_fwps2img049.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>113 <FILENAME>tm2524998d429_fwps2img050.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 113 - file: tm2524998d429_fwps2img050.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>114 <FILENAME>tm2524998d429_fwps2img051.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 114 - file: tm2524998d429_fwps2img051.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>115 <FILENAME>tm2524998d429_fwps2img052.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 115 - file: tm2524998d429_fwps2img052.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>116 <FILENAME>tm2524998d429_fwps2img053.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 116 - file: tm2524998d429_fwps2img053.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>117 <FILENAME>tm2524998d429_fwps2img054.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 117 - file: tm2524998d429_fwps2img054.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>118 <FILENAME>tm2524998d429_fwps2img055.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 118 - file: tm2524998d429_fwps2img055.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>119 <FILENAME>tm2524998d429_fwps2img056.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 119 - file: tm2524998d429_fwps2img056.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>120 <FILENAME>tm2524998d429_fwps2img057.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 120 - file: tm2524998d429_fwps2img057.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>121 <FILENAME>tm2524998d429_fwps2img058.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 121 - file: tm2524998d429_fwps2img058.jpg
</DOCUMENT> </SEC-DOCUMENT>