Company: HBCYF
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001193125-25-117014
Chunk: 88

Company: HSBC HOLDINGS PLC
Filing Date: 2025-05-12
Form: 424B5
Chunk 88
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 the 2036 Fixed/Floating Rate Notes Maturity Date or the Floating Rate Notes Maturity Date, as applicable.

“noteholders” means holders of the Notes.

“Notes” means any of the Fixed/Floating Rate Notes or the Floating Rate Notes, as applicable.

“NY Federal Reserve’s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org (or any
successor website).

“Observation Period” has the meaning given to that term under “—Calculation of the Benchmark.”

“Par Redemption” has the meaning given to that term under “—Redemption.”

“Par Redemption Date” has the meaning given to that term under “—Redemption.”

“PRA” means the UK Prudential Regulation Authority or any successor entity.

“Price Determination Date” has the meaning given to that term under “—Redemption.”

“Reference Time” means (1) if the Benchmark is Compounded Daily SOFR, for each USGS Business Day, 3:00 p.m. (New York time) on
the next succeeding USGS Business Day, and (2) if the Benchmark is not Compounded Daily SOFR, the time determined by us (in consultation, to the extent practicable, with the calculation agent) or our designee (in consultation with us) in
accordance with the Benchmark Replacement Conforming Changes.

S-60

“Reference Treasury” has the meaning given to that term under
“—Redemption.”

“Reference Treasury Rate” has the meaning given to that term under
“—Redemption.”

“regulated entity” has the meaning given to that term under “—Agreement with Respect to the Exercise of UK Bail-inPower.”

“Relevant Governmental Body”
means the Federal Reserve and/or the Federal Reserve Bank of New York (“NY Federal Reserve”), or a committee officially endorsed or convened by the Federal Reserve and/or the NY Federal Reserve or any successor thereto.

“Relevant Regulator” means the PRA or any successor entity or other entity primarily responsible for our prudential supervision.

“Relevant Supervisory Consent” means, in relation to any redemption or purchase of the Notes, any required permission of the
Relevant Regulator applicable to us or the relevant UK resolution authority (as applicable) pursuant to the Loss Absorption Regulations. For the avoidance of doubt, Relevant Supervisory Consent will not be required if (i) none of the Notes
qualify as part of our regulatory capital,