Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 1

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 1
---
 means either the 2029 Floating Rate Notes or the 2031 Floating Rate Notes, as applicable.

From (and including) March 3, 2025 (the “Issue Date”) to (but excluding) March 3, 2028, we will pay interest semi-annually in arrear
on the 2029 Fixed/Floating Rate Notes on March 3 and September 3 of each year, beginning on September 3, 2025, at a rate of 4.899% per annum. Thereafter, we will pay interest quarterly in arrear on the 2029 Fixed/Floating Rate Notes on June 3, 2028,
September 3, 2028, December 3, 2028 and March 3, 2029 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as defined herein and compounding daily over each 2029 Fixed/Floating Rate Notes Floating Rate Interest Period,
plus 1.030% per annum. The 2029 Fixed/Floating Rate Notes will mature on March 3, 2029.

From (and including) the Issue Date to (but
excluding) March 3, 2030 we will pay interest semi-annually in arrear on the 2031 Fixed/Floating Rate Notes on March 3 and September 3 of each year, beginning on September 3, 2025, at a rate of 5.130% per annum. Thereafter, we will pay interest
quarterly in arrear on the 2031 Fixed/Floating Rate Notes on June 3, 2030, September 3, 2030, December 3, 2030 and March 3, 2031 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as defined herein and compounding daily
over each 2031 Fixed/Floating Rate Notes Floating Rate Interest Period, plus 1.290% per annum. The 2031 Fixed/Floating Rate Notes will mature on March 3, 2031.

From (and including) the Issue Date to (but excluding) March 3, 2035 we will pay interest semi-annually in arrear on the 2036 Fixed/Floating
Rate Notes on March 3 and September 3 of each year, beginning on September 3, 2025, at a rate of 5.450% per annum. Thereafter, we will