Company: HBCYF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195127
Chunk: 66

Company: HSBC HOLDINGS PLC
Filing Date: 2025-09-04
Form: 424B5
Chunk 66
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 respect to the Notes. For these purposes:

| (a) | “Amounts Due” are the principal amount of, and any accrued and unpaid interest, including any                                                                                                                    
 Additional Amounts, on, the Notes. References to such amounts will include amounts that have become due and payable, but which have not been paid, prior to the exercise of any UK bail-in power by the relevant 
 UK resolution authority;                                                                                                                                                                                         |

S-46

| (b) | “UK bail-in power” means the powers under the UK bail-in legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, write-down, transfer, reduce, modify or change the 
 form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such                      
 contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability;                                                                                                                           |

| (c) | “UK bail-in legislation” means Part I of the Banking Act                                                                                                                                                                                                  
 and any other law or regulation applicable in the UK relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency 
 proceedings); and                                                                                                                                                                                                                                         |

| (d) | “relevant UK resolution authority” means any authority with the ability to exercise a UK bail-in power. |

According to the principles of the Banking Act, we expect that the relevant UK resolution authority would respect creditor hierarchies when exercising its UK bail-inpower in respect of the Notes and that the holders of the Notes would be treated pari passu with the claims of holders of all our subordinated unsecured instruments which in each case by law rank, or by their terms are expressed to rank, pari passu with the Notes at that time being subjected to the exercise of the UK bail-inpower. DTC—UK Bail-inPower Upon the exercise of the UK bail-inpower by the relevant UK resolution authority with respect to the Notes, we will provide a written notice to the noteholders through The Depository Trust Company (“DTC”) as soon as practicable regarding such exercise of the UK bail-inpower. We will also deliver a copy of such notice to the trustee for information purposes. Any delay or failure