Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 26

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 26
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) the 2029 Floating Rate Notes Maturity Date, the interest rate on the 2029 Floating Rate Notes will be equal to the Benchmark (as defined below) plus 1.030% per annum (the “2029 Floating 
 Rate Notes Margin”). The interest rate on the 2029 Floating Rate Notes will be calculated quarterly on each applicable Interest Determination Date.                                                                                              |

| 2029 Floating Rate Notes Interest Periods | The period beginning on (and including) a 2029 Floating Rate Notes Interest Payment Date and ending on (but excluding) the next |

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succeeding 2029 Floating Rate Notes Interest Payment Date (each, a “2029 Floating Rate Notes Interest Period”); providedthat the first 2029 Floating Rate Notes Interest Period will begin on (and include) the Issue Date and will end on (but exclude) the first 2029 Floating Rate Notes Interest Payment Date.

| The definition and the terms of the 2029 Floating Rate Notes Par Redemption are set forth below under “Description of the Notes—Redemption” and the 
 sub-headings thereunder. See “Risk Factors—Risks Relating to the Notes—We may redeem the Notes at our option in certain situations.”                |

Terms Specific to the 2031 Floating Rate Notes:

| Interest | From (and including) the Issue Date to (but excluding) the 2031 Floating Rate Notes Maturity Date, the interest rate on the 2031 Floating Rate Notes will be equal to the Benchmark (as defined below) plus 1.290% per annum (the “2031 Floating 
 Rate Notes Margin”). The interest rate on the 2031 Floating Rate Notes will be calculated quarterly on each applicable Interest Determination Date.                                                                                              |

| 2031 Floating Rate Notes Interest Periods | The period beginning on (and including) a 2031 Floating Rate Notes Interest Payment Date and ending on (but excluding) the next succeeding 2031 Floating Rate Notes Interest Payment Date (each, a “2031 Floating Rate Notes Interest 
 Period”); provided that the first 2031 Floating Rate Notes Interest Period will begin on (and include) the Issue Date and will end on (but exclude) the first 2031 Floating Rate Notes Interest Payment Date.                         |

| The definition and the terms of the 2031 Floating Rate Notes Par Redemption are set forth below under “Description of 
 the Notes—Redemption” and the sub-headings thereunder. See “Risk Factors—