Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 210

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 210
---
empt Offer” in accordance with the Markets Rules (MKT Module) of the Dubai Financial Services 
 Authority (the “DFSA”) rulebook; and                                                                |

| (b) | made only to persons who meet the “Professional Client” criteria set out in Rule 2.3.3 of the Conduct 
 of Business Module of the DFSA rulebook.                                                              |

Canada Each underwriter has acknowledged that no prospectus has been filed with any securities commission or similar regulatory authority in Canada in connection with the offer and sale of the securities which are the subject of the offering contemplated by this prospectus as completed by the prospectus supplement in relation thereto, such securities have not been, and will not be, qualified for sale under the securities laws of Canada or any province or territory thereof and no securities commission or similar regulatory authority in Canada has reviewed or in any way passed upon this prospectus, any prospectus supplement or the merits of any such securities and any representation to the contrary is an offence. Each underwriter has represented, warranted and agreed that it has not offered, sold or distributed and will not offer, sell or distribute any securities which are the subject of the offering contemplated by this prospectus as completed by the prospectus supplement in relation thereto, directly or indirectly, in Canada or to or for the benefit of any resident of Canada, other than in compliance with applicable securities laws and, without limiting the generality of the foregoing:

| (a) | any offer, sale or distribution of such securities in Canada will be made only to purchasers that are   
 “accredited investors” (as such term is defined in section 1.1 of National Instrument 45-106 Prospectus |

65

| Exemptions (“NI 45-106”) or, in Ontario, as such term is defined in section 73.3(1) of the Securities Act (Ontario)), that are also                                                                                                             
 “permitted clients” (as such term is defined in section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations), that are purchasing as                                                     
 principal, or are deemed to be purchasing as principal in accordance with applicable Canadian securities laws, and that are not a person created or used solely to purchase or hold such securities as an “accredited investor” as described in 
 paragraph (m) of the definition of “accredited investor” in section 1.1 of NI 45-106;                                                                                                                                                           |

| (b)