Company: HBCYF
Filing Date: 2025-06-02
Form Type: 424B5
Source: 0001193125-25-132352
Chunk: 98

Company: HSBC HOLDINGS PLC
Filing Date: 2025-06-02
Form: 424B5
Chunk 98
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Redemption—Special Event Redemption” above, we have demonstrated to the satisfaction of the Relevant Regulator that (x) the Special Event was not reasonably foreseeable on the Issue Date; and (y) in the case of a Tax
Event, such Tax Event was material; or (b) in any relevant circumstances, we have (or will have), before or at the same time as such redemption or purchase, replaced the Securities with our own funds instruments of equal or higher quality at
terms that are sustainable for our income capacity, and the Relevant Regulator has permitted such action on the basis of the determination that it would be beneficial from a prudential point of view and justified by exceptional circumstances; and/or
(c) we have complied with any alternative or additional conditions to redemption or purchase, as applicable, required under the Relevant Rules; and (iii) with respect to a redemption (but not a purchase) of the Securities, we have provided
notice as described under “—Redemption—Notice of Redemption.”

For the avoidance of doubt, the
requirements in item (i) and (ii) in the paragraph above will not apply if (a) so long as the Relevant Rules do not otherwise require, the Securities have (or will have, on the date fixed for redemption or purchase) ceased fully to qualify
as part of the HSBC Group’s regulatory capital, (b) the relevant Securities are purchased for market-making purposes in accordance with any permission given by the Relevant Regulator pursuant to the Relevant Rules within the limits
prescribed in such permission or (c) the relevant Securities are being redeemed or purchased pursuant to any general prior permission granted by the Relevant Regulator pursuant to the Relevant Rules within the limits prescribed in such
permission.

Notice of Redemption

Any redemption of the Securities will be subject to our giving not less than 10 days’, nor more than 60 days’, prior notice to the
securityholders via DTC (or, if the Securities are held in definitive form, to the securityholders at their addresses shown on the register for the Securities); provided, however, that in the case of a Tax Event, no notice of
redemption will be given earlier than 90 days prior to the earliest date on which we would be obliged to pay Additional Amounts were a payment in respect of the Securities then due. Such notice will specify our election to redeem the Securities and
the redemption date and will be irrevocable except in the limited circumstances described in the following paragraph.

A redemption notice
will be