Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 69

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 69
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GS Business Days in such Observation Period; S-47

“i” means, in relation to any Observation Period, a series of whole numbers from
one to d, each representing the relevant USGS Business Day in chronological order from (and including) the first USGS Business Day in such Observation Period;

“n” means, in relation to any USGS Business Day “i” in the
relevant Observation Period, the number of calendar days from (and including) such USGS Business Day “i” up to (but excluding) the following USGS Business Day;

“Observation Period” means, in respect of each Floating Rate Interest Period, the period from (and including) the date which is five
USGS Business Days prior to the first day of such Floating Rate Interest Period to (but excluding) the date which is five USGS Business Days prior to the Interest Payment Date for such Floating Rate Interest Period; provided that the first
Observation Period shall commence on (and include) the date which is five USGS Business Days prior to (i) with respect to the 2029 Fixed/Floating Rate Notes, the 2029 Fixed/Floating Rate Notes Par Redemption Date, (ii) with respect to the
2031 Fixed/Floating Rate Notes, the 2031 Fixed/Floating Rate Notes Par Redemption Date, (iii) with respect to the 2036 Fixed/Floating Rate Notes, the 2036 Fixed/Floating Rate Notes Par Redemption Date and (iv) with respect to the Floating
Rate Notes, the Issue Date;

“SOFR” means, in relation to any day, the rate determined by the calculation agent in accordance
with the following provisions:

(1) the daily Secured Overnight Financing Rate for trades made on such day, available at or around the
Reference Time on the NY Federal Reserve’s Website;

(2) if the rate specified in (1) above is not available at or around the
Reference Time for such day (and a Benchmark Transition Event and its related Benchmark Replacement Date have not occurred), the daily Secured Overnight Financing Rate in respect of the last USGS Business Day for which such rate was published on the
NY Federal Reserve’s Website;

“SOFR” means, in relation to any
USGS Business Day “i” in the relevant Observation Period, SOFR in respect of such USGS Business Day; and

“USGS Business
Day” means any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets