Company: HBCYF
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001193125-25-117014
Chunk: 78

Company: HSBC HOLDINGS PLC
Filing Date: 2025-05-12
Form: 424B5
Chunk 78
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 of any UK bail-inpower with respect to the Notes as it may be imposed, without any further action or direction on the part of such noteholder, the trustee or the paying agent. Modification and Waiver In addition to our and the trustee’s rights to modify and amend the Indenture described in the accompanying prospectus under “ Description of Debt Securities—Modification and Waiver,” modifications of, and amendments to, the terms of the Indenture or the Notes may be made by us and the trustee, without the further consent of the noteholders, to the extent necessary to give effect to the exercise by the relevant UK resolution authority of the UK bail-inpower. Moreover, we will agree not to amend the consent of the noteholders to the exercise of the UK bail-inpower (see “ —Agreement with Respect to the Exercise of UK Bail-inPower”) without the prior consent of the Relevant Regulator or the relevant UK resolution authority (as applicable), if and to the extent then required pursuant to the Loss Absorption Regulations. Trustee and Trustee’s Duties The Bank of New York Mellon is the trustee under the Indenture. The trustee will undertake certain procedures and seek certain remedies in the event of an Event of Default or a Default. See “ Description of Debt Securities—Trustee’s Duties” in the accompanying prospectus. However, by its acquisition of the Notes, each noteholder (which, for these purposes, includes each beneficial owner) will acknowledge and agree that the exercise of the UK bail-inpower by the relevant UK resolution authority with respect to the Notes will not give rise to a Default or Event of Default for purposes of Section 315(b) ( Notice of Default) and Section 315(c) ( Duties of the Trustee in Case of Default) of the Trust Indenture Act. By its acquisition of the Notes, each noteholder (which, for these purposes, includes each beneficial owner), to the extent permitted by the Trust Indenture Act, will waive any and all claims, in law and/or in equity, against the trustee for, agree not to initiate a suit against the trustee in respect of, and agree that the trustee will not be liable for, any action that the trustee takes, or abstains from taking, in either case in accordance with the exercise of (i) the UK bail-inpower by the relevant UK resolution authority with respect to the Notes or (ii) the limited remedies available under the Indenture for a non-paymentof