Company: HBCYF
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001193125-25-034819
Chunk: 108

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-25
Form: 424B5
Chunk 108
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 to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such                      
 contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability;                                                                                                                           |

| (c) | “UK bail-in legislation” means Part I of the Banking Act and                                                                                                                                                                                          
 any other law or regulation applicable in the UK relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency 
 proceedings); and                                                                                                                                                                                                                                     |

| (d) | “relevant UK resolution authority” means any authority with the ability to exercise a UK bail-in power. |

For the avoidance of doubt, the potential conversion of the Securities into shares, other securities or other obligations in connection with the exercise of any UK bail-inpower by the relevant UK resolution authority is separate and distinct from an Automatic Conversion following a Capital Adequacy Trigger Event. According to the principles of the Banking Act, we expect that the relevant UK resolution authority would respect creditor hierarchies when exercising its UK bail-inpower in respect of the Securities and that the securityholders would be treated pari passu with the claims of holders of all our additional Tier 1 instruments which in each case by law rank, or by their terms are expressed to rank, pari passu with the Securities at that time being subjected to the exercise of the UK bail-inpower (or, with claims in respect of ordinary shares, in the event the exercise of such UK bail-inpower occurs in the intervening period between a Capital Adequacy Trigger Event and the Conversion Date). DTC Notice via DTC If notice is given by us via DTC in accordance with the terms of the Securities and the Indenture, we will request that DTC, pursuant to the applicable rules and operating procedures of DTC then in effect, transmit such notice to the direct participants of DTC holding the Securities at such time. Moreover, any notice by DTC to S-69

participating institutions and by these participants to street name holders of beneficial interests in the Securities will be made according to arrangements among them and may be subject to statutory or regulatory requirements. UK Bail-inPower Upon the exercise of the UK bail-inpower by the relevant UK resolution authority with respect to the Securities, we will provide a written notice to the securityholders through DTC as soon as practicable regarding such exercise of the UK bail-in