Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 98

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 98
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 given to that term under “—Redemption.”

“PRA” means the UK Prudential Regulation Authority or any successor entity.

“Price Determination Date” has the meaning given to that term under “—Redemption.”

S-66

“Reference Time” means (1) if the Benchmark is Compounded Daily SOFR, for
each USGS Business Day, 3:00 p.m. (New York time) on the next succeeding USGS Business Day, and (2) if the Benchmark is not Compounded Daily SOFR, the time determined by us (in consultation, to the extent practicable, with the calculation
agent) or our designee (in consultation with us) in accordance with the Benchmark Replacement Conforming Changes.

“Reference
Treasury” has the meaning given to that term under “—Redemption.”

“Reference Treasury Rate” has the
meaning given to that term under “—Redemption.”

“regulated entity” has the meaning given to that term
under “—Agreement with Respect to the Exercise of UK Bail-inPower.”

“Relevant Governmental Body” means the Federal Reserve and/or the Federal Reserve Bank of New York (“NY Federal Reserve”),
or a committee officially endorsed or convened by the Federal Reserve and/or the NY Federal Reserve or any successor thereto.

“Relevant Regulator” means the PRA or any successor entity or other entity primarily responsible for our prudential supervision.

“Relevant Supervisory Consent” means, in relation to any redemption or repurchase of the Notes, any required permission of the
Relevant Regulator applicable to us or the relevant UK resolution authority (as applicable) pursuant to the Loss Absorption Regulations. For the avoidance of doubt, Relevant Supervisory Consent will not be required if (i) none of the Notes
qualify as part of our regulatory capital, or own funds and eligible liabilities or loss absorbing capacity instruments, as the case may be, each pursuant to the Loss Absorption Regulations, (ii) the relevant Notes are repurchased for
market-making purposes in accordance with any permission given by the Relevant Regulator or the relevant UK resolution authority (as applicable) pursuant to the Loss Absorption Regulations within the limits prescribed in such permission or
(iii) the relevant Notes are being redeemed or repurchased pursuant to any general prior permission granted by the Relevant Regulator or the relevant UK resolution authority (as applicable) pursuant to the Loss Absorption Regulations within the
limits prescribed in such permission.

“relevant UK resolution authority”