Company: HBCYF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195127
Chunk: 0

Company: HSBC HOLDINGS PLC
Filing Date: 2025-09-04
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-277306 PROSPECTUS SUPPLEMENT (To prospectus dated February 23, 2024) HSBC Holdings plc $1,500,000,000 5.741% Fixed Rate/Floating Rate Subordinated Unsecured Notes due 2036 We are offering $1,500,000,000 principal amount of 5.741% Fixed Rate/Floating Rate Subordinated Unsecured Notes due 2036 (the “Notes”). The Notes will be issued pursuant to the indenture dated as of March 12, 2014 (as amended and supplemented from time to time, the “Base Indenture”), as amended and supplemented by a tenth supplemental indenture, which is expected to be entered into on September 10, 2025 (the Base Indenture, together with the tenth supplemental indenture, the “Indenture”). From (and including) September 10, 2025 (the “Issue Date”) to (but excluding) September 10, 2035 we will pay interest semi-annually in arrear on the Notes on March 10 and September 10 of each year, beginning on March 10, 2026, at a rate of 5.741% per annum. Thereafter, we will pay interest quarterly in arrear on the Notes on December 10, 2035, March 10, 2036, June 10, 2036 and September 10, 2036 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as defined herein and compounding daily over each Floating Rate Interest Period, plus 1.960% per annum. The Notes will mature on September 10, 2036. We may, in our sole discretion, redeem the Notes pursuant to a Par Redemption (as defined herein), in whole but not in part, on September 10, 2035 (the “Par Redemption Date”) at a redemption price equal to 100% of their principal amount plus any accrued and unpaid interest to (but excluding) the Par Redemption Date, in each case on the terms and subject to the provisions set forth under “Description of the Notes––Redemption.”In addition, we may, in our sole discretion, redeem the Notes following the occurrence of a Capital Disqualification Event (as defined below), on the terms and subject to the provisions set forth under “Description of the Notes––Redemption.”We