Company: HBCYF
Filing Date: 2025-06-02
Form Type: 424B5
Source: 0001193125-25-132352
Chunk: 128

Company: HSBC HOLDINGS PLC
Filing Date: 2025-06-02
Form: 424B5
Chunk 128
---
 of the Securities into another security or obligation of us or another person, as a result of the exercise of the UK bail-inpower by the relevant UK resolution authority with respect to the Securities, nor the exercise of the UK bail-inpower by the relevant UK resolution authority with respect to the Securities, will be a contingent convertible event of default or a default. As a result, the securityholders will not have the right to request that the trustee declare an acceleration solely due to the occurrence of a Capital Adequacy Trigger Event, an Automatic Conversion, a reduction or cancellation, in part or in full, of the Amounts Due, the conversion of the Securities into another security or obligation of us or another person, as a result of the exercise of the UK bail-inpower by the relevant UK resolution authority with respect to the Securities, or the exercise of the UK bail-inpower by the relevant UK resolution authority with respect to the Securities. Waiver of Past Default Holders of not less than a majority of the aggregate principal amount of the Securities then outstanding may on behalf of all securityholders waive any past default that results from a breach by us of a Performance Obligation; providedthat (i) a default in respect of a Performance Obligation, the modification or amendment of which would require the consent of each securityholder affected by it or (ii) any past default that results from a Winding-upEvent or a Non-paymentEvent, in either case, will require the waiver of each securityholder affected by such default. Upon the occurrence of any waiver of a default described in the immediately preceding paragraph, such default will cease to exist, and any default with respect to any series of Securities arising therefrom will be deemed to have been cured and not to have occurred for any purpose under the Indenture; providedthat no such waiver will extend to any subsequent or other default or impair any right consequent thereon. Trustee Trustee; Direction of the Trustee The Bank of New York Mellon, London Branch, is the trustee under the Indenture. See “ —Trustee— Trustee’s Duties” and “ Description of Contingent Convertible Securities—Trustee’s Duties” in the accompanying prospectus for a description of the trustee’s procedures and remedies available in connection with a default. The trustee makes no representations, and will not be liable with respect to, the information set forth in this prospectus supplement. UK Bail-inPower By its acquisition of the Securities, each securityholder (which, for these purposes, includes each beneficial