Company: HBCYF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195127
Chunk: 183

Company: HSBC HOLDINGS PLC
Filing Date: 2025-09-04
Form: 424B5
Chunk 183
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 with such evidence within the timeline requested. Selling Restrictions United Kingdom Each underwriter, dealer or agent in connection with an offering of securities will represent and agree that:

| (a) | it has only communicated or caused to be communicated and will only communicate or cause to be communicated an                                                                                                                                           
 invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) received by it in connection with the issue or sale of any securities in circumstances in which section 21(1) of the FSMA does not apply to us; 
 and                                                                                                                                                                                                                                                      |

| (b) | it has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it 
 in relation to any securities in, from or otherwise involving the UK.                                          |

In relation to the UK, each underwriter, dealer or agent in connection with an offering of securities will represent and agree that it has not made and will not make an offer of securities which are the subject of the offering contemplated by this prospectus as completed by the prospectus supplement in relation thereto to the public in the UK except that it may make an offer of such securities to the public in the UK:

| (a) | at any time to any legal entity which is a qualified investor as defined in Article 2 of the UK Prospectus 
 Regulation;                                                                                                |

| (b) | at any time to fewer than 150 natural or legal persons (other than qualified investors as defined in Article 2                                                            
 of the UK Prospectus Regulation) in the UK subject to obtaining the prior consent of the relevant underwriter, dealer or agent nominated by the us for any such offer; or |

| (c) | at any time in any other circumstances falling within section 86 of the FSMA, |

provided that no such offer of securities referred to in (a) to (c) above shall require us or any underwriter, dealer or agent to publish a prospectus pursuant to section 85 of the FSMA or supplement a prospectus pursuant to Article 23 of the UK Prospectus Regulation. For the purposes of this provision, the expression “an offer of securities to the public” in relation to any securities means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to purchase or subscribe for the securities. Where the applicable prospectus supplement includes a section entitled “ Prohibition of sales to UK retail investors