Company: HBCYF
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001193125-25-261738
Chunk: 162

Company: HSBC HOLDINGS PLC
Filing Date: 2025-11-03
Form: 424B5
Chunk 162
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 capital event of default or                                                                                                                        
 default and no event which, after notice or lapse of time or both, would become a contingent capital event of default or default with respect to contingent capital securities of such series will have occurred and be continuing. |

Upon any such assumption, the successor entity will succeed to, and be substituted for, and may exercise all of our rights and powers under the contingent capital securities indenture with respect to the contingent capital securities of such series with the same effect as if the successor entity had been named under the contingent capital securities indenture. 39

For these purposes:

| (a) | “Capital Instruments Regulations” means any regulatory capital rules, regulations or standards                                                                                                                                                            
 which are applicable to us at any time (on a solo or consolidated basis and including any implementation thereof or supplement thereto by the PRA from time to time) as then in effect in the UK, and which lay down the requirements to be fulfilled by  
 financial instruments for inclusion in our regulatory capital (on a solo or consolidated basis) including as may be required by (i) UK CRR and/or (ii) the Relevant Rules and all other UK law which implemented CRD, including (for the                  
 avoidance of doubt) any delegated acts and implementing acts made by the European Commission (such as regulatory technical standards and implementing technical standards) (in each case as they form part of UK domestic law by virtue of the EUWA or as 
 implemented in UK law, as appropriate), in each case as amended, supplemented or replaced from time to time.                                                                                                                                              |

| (b) | “CRD” means Directive 2013/36/EU on access to credit institutions and the prudential supervision of                                                        
 credit institutions and investment firms, as amended or supplemented before IP Completion Day (including, without limitation, by Directive (EU) 2019/878). |

| (d) | “Relevant Regulator” means the PRA or any successor entity primarily responsible for our prudential 
 supervision.                                                                                        |

| (e) | “Relevant Rules” means, at any time, the laws, regulations, requirements, guidelines and policies                                                                                                                                                        
 relating to capital adequacy (including, without limitation, as to leverage) then in effect in the UK including, without limitation to the generality of the foregoing, as may be required by the Capital Instruments Regulations or the Banking Act and 
 any regulations, requirements, guidelines and policies relating to capital adequacy adopted by the Relevant Regulator applicable to us from time to