Company: HBCYF
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001193125-25-117014
Chunk: 58

Company: HSBC HOLDINGS PLC
Filing Date: 2025-05-12
Form: 424B5
Chunk 58
---
930 million, reflecting the sale of A$550 million Fixed-to-Floating Rate Subordinated
Notes due March 11, 2035 and A$950 million Floating Rate Subordinated Notes due March 11, 2035 and application of the proceeds therefrom.

Save as disclosed in the above notes, there has been no material change in the issued share capital of HSBC Holdings, or its consolidated
capitalization and indebtedness, since December 31, 2024.

The following exchange rate as of December 31, 2024 has been used in
this section: £1.00 = US$1.25445, A$1.00 = US$0.62000, €1.00 = US$1.03750 and SGD1.00 = US$0.73349.

S-40

DESCRIPTION OF THE NOTES

The following summary description of certain material terms and provisions of the Notes supplements the description of certain terms and provisions of senior unsecured debt securities of any series described in the accompanying prospectus under the heading “Description of Debt Securities.” The terms described here, together with the relevant terms of senior unsecured debt securities contained in the accompanying prospectus, constitute a description of the material terms of the Notes. In cases of inconsistency between the terms described here and the relevant terms of the prospectus, the terms presented here will apply and replace those described in the prospectus.

The Notes will constitute senior unsecured notes issued under the indenture
dated as of August 26, 2009 (as amended and supplemented from time to time, the “Base Indenture”) among us, The Bank of New York Mellon, as trustee, and HSBC Bank USA, National Association, as paying agent, registrar and exchange rate
agent, the form of which is filed as an exhibit to our registration statement on Form F-3 (the “Registration Statement”). The Base Indenture will be supplemented and amended by a thirty-sixth
supplemental indenture, which is expected to be entered into on May 13, 2025 (the “Issue Date”) among us, the trustee, and HSBC Bank USA, National Association, as paying agent, registrar and calculation agent (the Base Indenture,
together with the thirty-sixth supplemental indenture, the “Indenture”), which will be filed as an exhibit to a report on Form 6-K on or about the Issue Date, and which will be incorporated by
reference in the Registration Statement.

If you