Company: HBCYF
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001193125-25-117014
Chunk: 1

Company: HSBC HOLDINGS PLC
Filing Date: 2025-05-12
Form: 424B5
Chunk 1
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2031 and May 13, 2031 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as defined herein and compounding daily over each 2031 Fixed/Floating Rate
Notes Floating Rate Interest Period, plus 1.570% per annum. The 2031 Fixed/Floating Rate Notes will mature on May 13, 2031.

From (and
including) the Issue Date to (but excluding) May 13, 2035 we will pay interest semi-annually in arrear on the 2036 Fixed/Floating Rate Notes on May 13 and November 13 of each year, beginning on November 13, 2025, at a rate of 5.790%
per annum. Thereafter, we will pay interest quarterly in arrear on the 2036 Fixed/Floating Rate Notes on August 13, 2035, November 13, 2035, February 13, 2036 and May 13, 2036 at a floating rate equal to a benchmark rate based on
SOFR, calculated in arrear as defined herein and compounding daily over each 2036 Fixed/Floating Rate Notes Floating Rate Interest Period, plus 1.880% per annum. The 2036 Fixed/Floating Rate Notes will mature on May 13, 2036.

We will pay interest quarterly in arrear on the Floating Rate Notes on February 13, May 13, August 13 and November 13 of each year, beginning on
August 13, 2025 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as defined herein and compounding daily over each Floating Rate Notes Interest Period, plus 1.570% per annum. The Floating Rate Notes will mature
on May 13, 2031.

We may, in our sole discretion, redeem the 2031 Fixed/Floating Rate Notes (a) during the 2031 Fixed/Floating
Rate Notes Make-Whole Redemption Period (as defined below), in whole at any time during such period or in part from time to time during such period, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal
places) equal to the greater of: (i) 100% of their principal amount and (ii) a make-whole price calculated as set forth under “Description of the Notes—Redemption” (in each case plus any accrued and unpaid interest on