Company: HBCYF
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001193125-25-034819
Chunk: 127

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-25
Form: 424B5
Chunk 127
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 will be HSBC Bank
USA, National Association. We may change the paying agent without prior notice to the securityholders, and in such an event we may act as paying agent. Payments of principal of, and interest on, the Securities represented by a global security will
be made by wire transfer of immediately available funds.

Calculation Agent

The calculation agent is HSBC Bank USA, National Association, or its successor appointed by us, pursuant to a calculation agent agreement
expected to be entered into on the Issue Date.

Subsequent Holders’ Agreement

Any securityholder (which, for these purposes, includes each beneficial owner of the Securities) that acquires the Securities in the secondary
market and any successors, assigns, heirs, executors, administrators, trustees in bankruptcy and legal representatives of any securityholder or beneficial owner of the Securities will be deemed to acknowledge, accept, agree to be bound by and
consent to the same provisions specified herein to the same extent as the securityholders or beneficial owners of the Securities that acquire the Securities upon their initial issuance, including, without limitation, with respect to the
acknowledgement and agreement to be bound by and consent to the terms of the Securities related to the UK bail-in power and related to a Capital Adequacy Trigger Event.

Governing Law and Jurisdiction

The
Indenture and the Securities will be governed by, and construed in accordance with, the laws of the State of New York, except that the subordination provisions of the Indenture and of the Securities (see “—Subordination”) and
the waiver of set-off provisions of the Indenture and the Securities (see “Description of Contingent Capital Securities—No Right of Set-Offby Holders” in the accompanying prospectus) will be governed by, and construed in accordance with, the laws of England and Wales. Any legal proceedings arising out of, or based upon, the Indenture or the Securities may be instituted in any
state or federal court in New York City, United States.

Listing

Application has been made to Euronext Dublin for the Securities to be admitted to the Official List and to trading on the GEM, which is the
exchange-regulated market of Euronext Dublin.

Definitions

Set forth below are definitions for certain defined terms used in this “Description of the Securities” for which no definition
is provided.

“Acquirer” means the person or persons that control (as such term is used with respect to the definition of
“Takeover