Company: HBCYF
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001193125-25-117014
Chunk: 134

Company: HSBC HOLDINGS PLC
Filing Date: 2025-05-12
Form: 424B5
Chunk 134
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 respect to the debt securities may be made by us and the trustee, without the consent of the holders of the debt securities of such series for certain purposes and otherwise with the consent of the holders of a majority in principal amount (or in the case of index-linked debt securities, face amount) of the debt securities of such series then outstanding ; provided, however, that no such modification or amendment may, without the consent of the holder of each outstanding debt security affected thereby:

| • |     | change the stated maturity of the principal of, or any installment of interest or additional amounts payable on,                                                                                                                                          
 any senior debt security or any dated subordinated debt security or change the terms of any undated subordinated debt security to include a stated maturity of the principal or change the payment dates for payment of additional amounts on any undated 
 subordinated debt security;                                                                                                                                                                                                                               |

| • |     | reduce the principal amount (or in the case of index-linked debt securities, face amount), including the amount                                                                                                                                 
 payable on a discount security upon the acceleration of the maturity thereof, or any interest or any related deferred payment, missed payment or the rate of interest on any of the foregoing, on or any premium payable upon redemption of, or 
 additional amounts payable on, any debt security;                                                                                                                                                                                               |

| • |     | change the manner in which the amount of any principal, premium or interest in respect of index-linked debt 
 securities is determined;                                                                                   |

| • |     | except as permitted by the relevant indenture, change our obligation to pay additional amounts; |

| • |     | reduce the amount of the principal of a discount security that would be due and payable upon an acceleration of 
 the maturity of it;                                                                                             |

| • |     | change the place of payment or currency in which any payment of the principal (and premium, if any), any interest 
 or any missed payment is payable on any debt security, or the rate of interest on any of the foregoing;           |

| • |     | impair the right to institute suit for the enforcement of any payment on or with respect to any debt security; |

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| • |     | reduce the percentage of the aggregate principal amount (or in the case of index-linked debt securities, face                                                                                                                                          
 amount) of the outstanding debt securities of such series, the consent of whose holders is required for any such modification or amendment, or the consent of the holders of which is required for waiver of compliance with certain provisions of the 
 applicable indenture or waiver of