Company: HBCYF
Filing Date: 2025-09-02
Form Type: 6-K
Source: 0001654954-25-010289
Chunk: 2

Company: HSBC HOLDINGS PLC
Filing Date: 2025-09-02
Form: 6-K
Chunk 2
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:00 a.m. (New York City time) on September 8, 2025 (such date and time with respect to an Offer, as the same may be extended by the Company in its sole discretion, the ' Price Determination Date '), in accordance with the formula set forth in the Offer to Purchase and with standard market practice, using the applicable ' Offer Yield ', which will be equal to the sum of:

a) the applicable ' Reference Yield ', as determined by the Dealer Manager (as defined below), that corresponds to the bid-side yield of the Reference Security specified in the table above for such series of Notes appearing on the Price Determination Date, such yield being directly quoted on the Bloomberg Reference

Page (as defined below) and being rounded to the nearest 0.001 per cent. (with 0.0005 per cent. being rounded up), plus

b) the Fixed Spread specified in the table above for such series of Notes.

Accordingly, the Consideration payable by us for each $1,000 principal amount of each series of Notes accepted by us will equal:

(i) the present value on the Settlement Date of $1,000 principal amount of such Notes due on the maturity date (as specified in the table above) of such Notes, and all scheduled interest payments on such $1,000 principal amount of such Notes to be made from (but excluding) the Settlement Date up to and including such maturity date, discounted to the Settlement Date at a discount rate equal to the applicable Offer Yield, minus

(ii) the Accrued Interest per $1,000 principal amount of such Notes;

such total amount being rounded to the nearest cent per $1,000 principal amount of such Notes, and the above calculation being made in accordance with standard market practice as described by the formula set forth in the Offer to Purchase.

The ' Bloomberg Reference Page ' means the page on Bloomberg from which the Dealer Manager will observe the bid-side yield of the Reference Security for each series of Notes, which is expected to be PX6 or PX7 as appropriate (or any other recognized quotation source selected by us in consultation with the Dealer Manager if such quotation source is not available or manifestly erroneous).

As soon as reasonably practicable after the Price Determination Date, the Company will issue a press release specifying the Consideration for each series of Notes validly tendered and accepted.

In addition to the Consideration, holders whose Notes of a given series are accepted for purchase will also be paid a cash amount equal to accrued and unpaid