Company: HBCYF
Filing Date: 2025-06-02
Form Type: 424B5
Source: 0001193125-25-132352
Chunk: 142

Company: HSBC HOLDINGS PLC
Filing Date: 2025-06-02
Form: 424B5
Chunk 142
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 time to time
and any other of our securities or obligations ranking, or expressed to rank, pari passuwith the Securities and/or such senior preference shares in our winding-up or administration as described under
“—Subordination,” and/or (ii) any guarantee, support agreement or similar undertaking entered into by us which ranks or is expressed to rank pari passuwith the Securities and/or such senior preference shares in our
winding-up or administration as described under “—Subordination.”

“Performance Obligation” has the meaning given to such term under “—Defaults and Remedies—Limited Remedies for Breach of Obligations (Other than Non-payment).”

S-88

“PRA” means the UK Prudential Regulation Authority or any successor entity. “PRA Rulebook” means the rulebook made and enforced by the Prudential Regulation Authority under powers conferred by the Financial Services and Markets Act 2000, as amended from time to time. “Prevailing Rate” means, in relation to any two currencies and any day:

| (a) | for the purposes of the definition of Conversion Shares Offer Consideration, the executable bid quotation                                                                                                                                            
 obtained by the Conversion Shares Depository that is most favorable to the securityholders, out of quotations obtained by it from three recognized foreign exchange dealers selected by the Conversion Shares Depository, for value on such day; and |

| (b) | for all other purposes, the prevailing market currency exchange rate at the time at which such rate is                                                                                                   
 determined in the relevant market for foreign exchange transactions in such currencies for value on such day, as determined by us in our sole discretion and acting in a commercially reasonable manner. |

“Price” and “Prices” have the meanings given to such terms under “— Anti -dilution—Adjustmentof Conversion Price and Conversion Shares Offer Price.” “ pro ratacash component” has the meaning given to such term under “— Automatic Conversion Upon Capital Adequacy Trigger Event—Conversion Shares Offer.” “ pro rataConversion Shares component” has the meaning given to such term under “ —Automatic Conversion Upon Capital Adequacy Trigger Event—Conversion Shares Offer.” “QTE Effective Date” means the date with effect from which the New Conversion Condition will have been satisfied. “Qualifying Takeover Event” has the meaning given to such term under “ —Qualifying Takeover Event.” “Recognized Stock Exchange” means a regulated market (as defined in Regulation (EU) No 600/2014 as it