Company: HBCYF
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001193125-25-034819
Chunk: 57

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-25
Form: 424B5
Chunk 57
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 cash proceeds from the sale of the Conversion Shares attributable to such Security converted
from pounds sterling into U.S. dollars at the Prevailing Rate as of the date that is three Depository Business Days prior to the relevant Settlement Date as determined by the Conversion Shares Depository (less the pro rata share of any
foreign exchange transaction costs) (the “pro ratacash component”). If some but not all of the Conversion Shares are sold in the Conversion Shares Offer, you

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will be entitled to receive, in respect of each Security, (a) the pro ratacash component and (b) the pro ratashare of the Conversion Shares not sold pursuant to the
Conversion Shares Offer attributable to such Security rounded down to the nearest whole number of Conversion Shares (the “pro rataConversion Shares component”). If no Conversion Shares are sold in a Conversion Shares Offer, you
will be entitled to receive, in respect of each Security, the relevant Conversion Shares attributable to such Security rounded down to the nearest whole number of Conversion Shares.

Any pro ratacash component will be subject to deduction from any such cash proceeds of an amount equal to the pro ratashare of
any stamp duty, stamp duty reserve tax, or any other capital, issue, transfer, registration, financial transaction or documentary tax that may arise or be paid as a consequence of the transfer of any interest in the Conversion Shares to the
Conversion Shares Depository (or the relevant recipient in accordance with the terms of the Securities) in order for the Conversion Shares Depository (or the relevant recipient in accordance with the terms of the Securities) to conduct the
Conversion Shares Offer. Moreover, no interest or other compensation is payable in respect of the period elapsed from the Conversion Date to the date of delivery of any pro ratacash component or Conversion Shares.

Furthermore, neither the occurrence of a Capital Adequacy Trigger Event nor, following the occurrence of a Capital Adequacy Trigger Event, the
election (if any) by us to undertake a Conversion Shares Offer, will preclude us from undertaking a rights issue or other equity issuance at any time on such terms as we deem appropriate, at our sole discretion, including—for the avoidance of
doubt—the offer of our ordinary shares at or below the Conversion Shares Offer Price. Additionally, there can be no assurance that the Conversion Shares Offer would be conducted on an SEC-registered
basis.

In addition, we or the Conversion Shares Depository will provide notice of the results of any Conversion Shares Offer only at