Company: HBCYF
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001193125-25-034819
Chunk: 133

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-25
Form: 424B5
Chunk 133
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 of such Volume Weighted Average Prices which are available in the Relevant Period will be used (subject to a minimum of two such closing prices); and |

| (iv) | if only one or no such Volume Weighted Average Price is available in the Relevant Period, then the Current 
 Market Price will be determined by an Independent Financial Adviser.                                       |

“default” has the meaning given to such term under “— Defaults and Remedies—Events of Default and Defaults.” “Depository Business Day” means a day on which the Conversion Shares Depository is open for general business. “Distributable Items” means the amount of our profits at the end of the last financial year plus any profits brought forward and reserves available for that purpose before distributions to holders of the Securities and any Parity Securities and Junior Securities less any losses brought forward, profits which are non-distributablepursuant to the Companies Act or other provisions of English law from time to time applicable to us or our Memorandum and Articles of Association (our “Articles of Association”) and sums placed to non-distributablereserves in accordance with the Companies Act or other provisions of English law from time to time applicable to us or our Articles of Association, those losses and reserves being determined on the basis of our individual accounts and not on the basis of our consolidated accounts. “DTC” has the meaning given to such term under “— Interest—Interest Cancellation—Notice of Interest Cancellation.” “Effective Date” means, for the purposes of clause (c) under “ —Anti -dilution—Adjustmentof Conversion Price and Conversion Shares Offer Price,” the first date on which our ordinary shares are traded ex-rights, ex-optionsor ex-warrantson the Relevant Stock Exchange and, for the purposes of clause (d) under “ —Anti -dilution—Adjustment of Conversion Price and Conversion Shares Offer Price,” the first date on which our ordinary shares are traded ex-therelevant Extraordinary Dividend on the Relevant Stock Exchange. “Equity Share Capital” has the meaning provided in Section 548 of the Companies Act. “Euroclear” means Euroclear Bank SA/NV. S-85

“EUWA” means the European Union (Withdrawal) Act 2018, as amended. “Exchange Business Day” means any day that is a trading day on the Relevant Stock Exchange other than a day on which the Relevant Stock Exchange is scheduled to close prior to its regular weekday closing time. “Extraordinary Dividend” means any