Company: HBCYF
Filing Date: 2025-06-02
Form Type: 424B5
Source: 0001193125-25-132352
Chunk: 76

Company: HSBC HOLDINGS PLC
Filing Date: 2025-06-02
Form: 424B5
Chunk 76
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 in assets of any of our subsidiaries upon its liquidation may be subject to prior claims of some of its creditors, including when we have loaned or otherwise advanced the proceeds received from the issuance of the Securities to such subsidiary”).

In the event of our winding-up prior to a Capital Adequacy Trigger Event, the Securities will be
subordinated in right of payment to the claims of Senior Creditors (including those creditors holding any securities we may issue that rank senior to the Securities, such as any securities issued to meet TLAC requirements and any of our capital
instruments that qualify as Tier 2 instruments under the Relevant Rules). See “Description of the Securities—Subordination.” After a Capital Adequacy Trigger Event, the Conversion Shares will be subordinated to the claims of
our depositors and all of our other creditors, other than claims which by their terms are, or are expressed to be, subordinated to, or pari passu with, our Ordinary Shares (including those creditors holding any securities we may issue that
rank senior to our Ordinary Shares).

As a result, in the event of our winding-up, you may recover
from the value of our assets to satisfy your claims only after our creditors that rank senior to the Securities or the Conversion Shares, as applicable, have been paid in full. In addition, the claims of pari passu creditors may reduce the
amount recoverable by you. Therefore, you may lose all or some of your investment in the Securities in the event of our winding-up.

General Risk Factors

Prior to the Conversion Date, you will not be entitled to any rights with respect to our Ordinary Shares, but will be subject to all changes made with respect to our Ordinary Shares.

The exercise of voting rights and rights related thereto with respect to our Ordinary Shares will be possible only after delivery of the
Conversion Shares following the Conversion Date and the registration of the person entitled to such Conversion Shares in our share register as an Ordinary Shareholder with voting rights in accordance with the provisions of, and subject to the
limitations provided in, our Articles of Association.

Other changes in law may adversely affect your rights as a securityholder.

Changes in law after the date hereof may affect your rights as a securityholder as well as the market value of the Securities. Such changes in
law may include changes in statutory, tax and regulatory regimes during the life of the Securities, which may have an adverse effect on an investment in the Securities. Moreover, any change in law or regulation that would cause the Securities to