Company: HBCYF
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001193125-25-034819
Chunk: 149

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-25
Form: 424B5
Chunk 149
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 IRS has indicated that withholding would only apply for payments made more than two years after the date on which final U.S. Treasury regulations defining the term “foreign passthru payment” are published in the U.S. Federal Register. FATCA is particularly complex. You should consult your own tax advisor to obtain a more detailed explanation of FATCA and to learn how this legislation might affect you in your particular circumstance. UK Taxation The following disclosure supplements and should be read in addition to the disclosure set forth in the accompanying prospectus, beginning on page 50, under “ Taxation.” Stamp Duty and Stamp Duty Reserve Tax The Finance Act 2019 introduced a new regime for hybrid capital instruments (the “HCI rules”). Since the HCI rules exempt the transfer of a hybrid capital instrument from all stamp duties, and since securities the transfer of which is exempt from all stamp duties are not chargeable securities for stamp duty reserve tax purposes, no liability to UK stamp duty or stamp duty reserve tax should arise on the issue or transfer of the Securities provided that the Securities each constitute a “hybrid capital instrument” for the purposes of the HCI rules and there are no arrangements, the main purpose, or one of the main purposes, of which is to secure a tax advantage. The Securities should constitute “hybrid capital instruments” for the purposes of the HCI rules provided that:

| • |     | we are entitled to defer or cancel a payment of interest under the Securities; |

| • |     | the Securities “have no other significant equity features”; and |

| • |     | we have made an election in respect of the Securities. |

The Securities would “have no other significant equity features” provided that:

| • |     | the Securities carry neither significant voting rights in HSBC Holdings nor a right to exercise a dominant 
 influence over us;                                                                                         |

| • |     | any provision in the Securities for altering the amount of the debt is limited to write-down or conversion events                                                                                                                         
 in certain qualifying cases and that is not a right exercisable by the securityholders; one of the qualifying cases is where a provision is included solely because of a need to comply with a regulatory or other legal requirement; and |

| • |     | any provision for the securityholder to receive anything other than interest or principal is limited to 
 conversion events in qualifying cases.                                                                  |

We will make a valid hybrid capital instrument election in respect of the Securities within the required timeframe pursuant to section 475C of the Corporation Tax Act 2009, and the