Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 143

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 143
---
 interest on any of the foregoing. |

The holders of not less than a majority in principal amount (or, in the case of any principal indexed debt securities, face amount) of the outstanding debt securities of a series may, on behalf of all holders of debt securities of that series, waive, insofar as that series is concerned, our compliance with certain restrictive provisions of the indenture before the time for such compliance. In addition, material variations in the terms and conditions of debt securities of any series, including modifications relating to subordination, redemption and events of default may require the consent of the PRA. Senior Debt Securities—Defaults and Events of Default The senior debt securities will be our direct, unsecured obligations and rank pari passuwith our other senior unsecured indebtedness, and the senior debt securities of a series will rank equally and ratably without any preference among themselves. Senior indebtedness will not include any indebtedness that is expressed to be subordinated to or pari passuwith the subordinated debt securities. The maturity of the senior debt securities will be subject to acceleration only as specified under “ —Defaults and Events of Default” below. Defaults and Events of Default.Unless otherwise provided in a prospectus supplement with respect to any series of senior debt securities, it will be an event of default with respect to senior debt securities of a series if:

| (a) | an order is made by an English court which is not successfully appealed within 30 days after the date such                                            
 order was made for our winding up other than in connection with a scheme of amalgamation or reconstruction not involving bankruptcy or insolvency; or |

| (b) | an effective resolution is validly adopted by our shareholders for our winding up other than in connection with 
 a scheme of amalgamation or reconstruction not involving bankruptcy or insolvency.                              |

Unless otherwise provided in a prospectus supplement with respect to any series of senior debt securities and subject to the paragraph below relating to circumstances in which a relevant failure will not be a default, it will be a default with respect to senior debt securities of a series if any one of the following events occurs:

| (a) | failure to pay principal or premium, if any, on any senior debt security of such series at maturity, and such 
 default continues for a period of 30 days; or                                                                 |

21

| (b) | failure to pay any interest on any senior debt security of such series when due and payable, which failure 
 continues for 30 days.                                                                                     |

If a default