Company: HBCYF
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001193125-25-261738
Chunk: 32

Company: HSBC HOLDINGS PLC
Filing Date: 2025-11-03
Form: 424B5
Chunk 32
---
 applicable to conventional     
 eurobonds in immediately available funds.                                                                                                                                                                                                  |

| Listing | Application will be made to list the Notes on the New York Stock Exchange in accordance with its rules. |

| Sinking Fund | There will be no sinking fund for the Notes. |

S-22

| Indenture”), as supplemented and amended by a thirty-seventh supplemental indenture, which is expected to be entered into on the Issue Date, with The Bank of New York Mellon, London Branch, 
 as trustee (the Base Indenture, together with the thirty-seventh supplemental indenture, the “Indenture”).                                                                                    |

| Paying Agent | HSBC Bank USA, National Association, or its successor appointed by us pursuant to the Indenture. |

| Calculation Agent | HSBC Bank USA, National Association, or its successor appointed by us, pursuant to a calculation agent agreement expected to be entered into on the Issue Date. |

| Use of Proceeds | We expect to use the proceeds from the sale of the Notes for general corporate purposes. |

| Conflicts of Interest | HSI is an affiliate of HSBC Holdings, and, as such, is deemed to have a “conflict of interest” under FINRA Rule 5121. Accordingly, the offering of the Notes is being conducted in compliance with the requirements of FINRA Rule 5121     
 (addressing conflicts of interest when distributing the securities of an affiliate), as administered by the Financial Industry Regulatory Authority (“FINRA”). Neither HSI nor any of our other affiliates will sell any Notes into any of 
 its discretionary accounts without the prior specific written approval of the accountholder.                                                                                                                                               |

| Minimum Denominations | The Notes will be issued only in registered form in minimum denominations of $200,000 and in integral multiples of $1,000 in excess thereof. |

| Business Day | A day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in London, England, and in the City of New York, United States. |

| 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 (see 
 “Description of Debt Securities—No Right of Set-Off by Holders” in the accompanying prospectus) will be governed by, and construed in accordance with, the laws