Company: HBCYF
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001193125-25-034819
Chunk: 91

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-25
Form: 424B5
Chunk 91
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 Redemption The Securities will not be redeemable at the option of the securityholders at any time. The Securities will not be subject to any sinking fund or mandatory redemption. Optional Redemption The Securities may be redeemed in whole (but not in part) at our option in our sole discretion on any business day during any Optional Redemption Period (an “Optional Redemption Date” and such redemption, an “Optional Redemption”), at a redemption price equal to 100% of the principal amount plus any accrued and unpaid interest to (but excluding) the date of redemption (which interest will exclude any interest that is cancelled or deemed to have been cancelled as described under “— Interest— Interest Cancellation”). “Optional Redemption Period” means the period commencing on the date falling six calendar months prior to a Reset Date and ending on such Reset Date (both dates inclusive). Any redemption of the Securities is subject to the restrictions described under “— Redemption— Redemption Conditions.” Special Event Redemption We may redeem the Securities in whole (but not in part) at our option in our sole discretion upon the occurrence of a Tax Event or a Capital Disqualification Event (each, a “Special Event”), at a redemption price S-59

equal to 100% of their principal amount plus any accrued and unpaid interest to (but excluding) the date of redemption (which interest will exclude any interest that is cancelled or deemed to have been cancelled as described under “— Interest— Interest Cancellation”). Any redemption will be subject to the conditions described under “— Redemption— Redemption Conditions.” A “Tax Event” will be deemed to have occurred with respect to the Securities if at any time we determine that as a result of a change in, or amendment to, the laws of a Taxing Jurisdiction, including any treaty to which the relevant Taxing Jurisdiction is a party, or a change in an official application or interpretation of those laws on or after the Issue Date, including a decision of any court or tribunal that becomes effective on or after the Issue Date:

| (a) | on a subsequent date for the payment of interest on the Securities we would be required to pay any Additional                  
 Amounts (as described under “Description of Contingent Capital Securities—Additional Amounts” in the accompanying prospectus); |

| (b) | if we were to seek to redeem the Securities on a subsequent date (for which purpose no consideration will be                                                                                                                     
 given as to whether or not we would otherwise be entitled to redeem the Securities), we would be required to pay any Additional Amounts (as