Company: HBCYF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195127
Chunk: 74

Company: HSBC HOLDINGS PLC
Filing Date: 2025-09-04
Form: 424B5
Chunk 74
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 the applicable tenor excluding the applicable ISDA Fallback Adjustment.

“Issue Date” has the meaning given to that term in the second paragraph of this “Description of the Notes.”

“Margin” has the meaning given to that term under “—Interest.”

“Maturity Date” has the meaning given to that term in the fourth paragraph of this “Description of the Notes.”

“noteholders” means holders of the Notes.

“Notes” means the 5.741% Fixed Rate/Floating Rate Subordinated Unsecured Notes due 2036 in an aggregate principal amount of
$1,500,000,000.

“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.”

S-52

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

“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.

“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 permission of the Relevant
Regulator for such redemption or purchase, that is required therefor under the Applicable Rules.

“relevant UK resolution
authority” has the meaning given to that term under “—Agreement with Respect