Company: HBCYF
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001193125-25-117014
Chunk: 29

Company: HSBC HOLDINGS PLC
Filing Date: 2025-05-12
Form: 424B5
Chunk 29
---
 Events of Default and Defaults | You will not have the right to request the trustee to declare the principal amount and accrued but unpaid payments with respect to the Notes to be due and payable or to accelerate the Notes in the case of  
 non-payment of principal and/or interest on the Notes. Payment of the principal amount, together with accrued and unpaid payments with respect to the outstanding Notes, may be accelerated only upon certain 
 events of a winding-up, as described under “Description of Debt Securities—Senior Debt Securities—Defaults and Events of Default” in the accompanying prospectus.                                             |

| Payment of Additional Amounts | We will pay additional amounts in respect of the Notes, in the circumstances described under “Description of Debt Securities—Additional Amounts—Senior Debt Securities” in the accompanying prospectus. |

| Agreement with Respect to the Exercise of UK Bail-in Power | By its acquisition of the Notes, each noteholder (which, for these purposes, includes each beneficial owner) will acknowledge, accept, consent and                                                               
 agree, notwithstanding any other term of the Notes, the Indenture or any other agreements, arrangements or understandings between us and any noteholder, to be bound by (a) the effect of the exercise of any UK 
 bail-in power (as defined under “Description of the Notes—Definitions”) by the relevant UK resolution authority (as defined under “Description of the                                                            
 Notes—Definitions”); and (b) the variation of the terms of the Notes or the Indenture, if necessary, to give effect to the exercise of any UK bail-in power by the relevant UK resolution                        
 authority. No repayment or payment of Amounts Due                                                                                                                                                                |

S-21

| will become due and payable or be paid after the exercise of any UK bail-in power by the relevant UK resolution authority if and to the extent such amounts                                                                                
 have been reduced, converted, cancelled, amended or altered as a result of such exercise. For these purposes, “Amounts Due” are the principal amount of, and any accrued but unpaid interest, including any Additional Amounts (as defined 
 under “Description of Debt Securities—Additional Amounts—Senior Debt Securities” in the accompanying prospectus), on the Notes. References to such amounts will include amounts that have become due and payable, but                      
 which have not been paid, prior to the exercise of any UK bail-in power by the relevant UK resolution authority. See “Description of the Notes—Agreement with Respect to the Exercise of UK Bail-in Power.”                                |