Company: HBCYF
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001193125-25-117014
Chunk: 164

Company: HSBC HOLDINGS PLC
Filing Date: 2025-05-12
Form: 424B5
Chunk 164
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 investment firm or affiliate of a bank or investment firm, to cancel, write-down, transfer, reduce, modify or change the 
 form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such                      
 contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability;                                                                                                                           |

| (c) | “UK bail-in legislation” means Part I of the Banking Act and                                                                                                                                                                                          
 any other law or regulation applicable in the UK relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency 
 proceedings); and                                                                                                                                                                                                                                     |

| (d) | “relevant UK resolution authority” means any authority with the ability to exercise a UK bail-in power. |

The Banking Act specifies the order in which the bail-intool should be applied, reflecting the hierarchy of capital instruments under the UK capital framework and otherwise respecting the hierarchy of claims in an ordinary insolvency. 41

Governing Law

Except as stated above, the contingent capital securities indenture and the contingent capital securities of each series will be governed by,
and construed in accordance with, the laws of the State of New York. See “Subordination” and “No Right of Set-Offby Holders.”

Jurisdiction; Consent to Service

We have
consented to the jurisdiction of any state or federal court in the City of New York with respect to any suit or proceeding arising out of, or relating to, the contingent capital securities indenture or the contingent capital securities of any series
and have appointed HSBC North America Holdings Inc. as agent for service of process.

42

DESCRIPTION OF ORDINARY SHARES

HSBC Holdings’ ordinary shares of nominal value $0.50 each (the “ordinary shares”) will be offered solely in connection with
the offer of any contingent capital securities (which may be converted into ordinary shares pursuant to the terms of such contingent capital securities).

The following is a summary of the material terms of the ordinary shares, as set out in the Articles of Association and relevant provisions of
the Companies Act 2006. Holders of ordinary shares are encouraged to read the Articles of Association and shareholders’ resolutions passed at HSBC Holdings’ Annual General Meeting (“AGM”) relating to the authority of our board of