Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 88

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 88
---
 be bound by and consent to the same provisions
specified herein to the same extent as the noteholders or beneficial owners of the Notes that acquire the Notes upon their initial issuance, including, without limitation, with respect to the acknowledgement and agreement to be bound by and consent
to the terms of the Notes related to the UK bail-in power, the Benchmark and the limited remedies available under the Indenture and the Notes for a non-payment of
principal and/or interest on the Notes.

Governing Law

The Indenture and the Notes will be governed by, and construed in accordance with, the laws of the State of New York, except that the waiver of
set-off provisions of the Indenture and the Notes will be governed by, and construed in accordance with, the laws of England and Wales. Any legal proceedings arising out of, or based upon, the Indenture or the
Notes may be instituted in any state or federal court in the City of New York, United States.

Listing

Application will be made for the Notes to be admitted to listing on the New York Stock Exchange.

Definitions

“2029 Fixed/Floating
Rate Notes” means the 4.899% Fixed Rate/Floating Rate Senior Unsecured Notes due 2029 in an aggregate principal amount of $1,500,000,000.

“2029 Fixed/Floating Rate Notes Fixed Rate Period” has the meaning given to that term under “—Interest—2029 Fixed/Floating Rate Notes.”

“2029 Fixed/Floating Rate Notes Fixed Rate Period Interest Payment Date” means March 3 and
September 3 of each year, during the 2029 Fixed/Floating Rate Notes Fixed Rate Period, beginning on September 3, 2025.

“2029
Fixed/Floating Rate Notes Floating Rate Interest Period” means, during the 2029 Fixed/Floating Rate Notes Floating Rate Period, the period beginning on (and including) a 2029 Fixed/Floating Rate Notes Floating

S-59

Rate Period Interest Payment Date and ending on (but excluding) the next succeeding 2029 Fixed/Floating Rate Notes Floating Rate Period Interest Payment Date; provided that the first 2029
Fixed/Floating Rate Notes Floating Rate Interest Period will begin on (and include) March 3, 2028 and will end on (but exclude) the first 2029 Fixed/Floating Rate Notes Floating Rate Period Interest Payment Date.

“2029 Fixed/Floating Rate Notes Floating Rate Period” has the meaning given to that