Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 81

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 81
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 Fixed/Floating Rate Notes. For so long as the Fixed/Floating Rate Notes are held by DTC (or another depositary), the redemption of such Fixed/Floating Rate Notes shall be done in accordance with the policies and procedures of the
depositary.

S-54

Par Redemption

2029 Fixed/Floating Rate Notes Par Redemption

Following the 2029 Fixed/Floating Rate Notes Make-Whole Redemption Period, we may also redeem the 2029 Fixed/Floating Rate Notes in whole (but
not in part) in our sole discretion on the 2029 Fixed/Floating Rate Notes Par Redemption Date (a “2029 Fixed/Floating Rate Notes Par Redemption”). The redemption price will be equal to 100% of their principal amount plus any accrued and
unpaid interest to (but excluding) the 2029 Fixed/Floating Rate Notes Par Redemption Date.

2031 Fixed/Floating Rate Notes Par Redemption

Following the 2031 Fixed/Floating Rate Notes Make-Whole Redemption Period, we may also redeem the 2031 Fixed/Floating Rate Notes in whole (but
not in part) in our sole discretion on the 2031 Fixed/Floating Rate Notes Par Redemption Date (a “2031 Fixed/Floating Rate Notes Par Redemption”). The redemption price will be equal to 100% of their principal amount plus any accrued and
unpaid interest to (but excluding) the 2031 Fixed/Floating Rate Notes Par Redemption Date.

2036 Fixed/Floating Rate Notes Par Redemption

Following the 2036 Fixed/Floating Rate Notes Make-Whole Redemption Period, we may also redeem the 2036 Fixed/Floating Rate Notes in whole (but
not in part) in our sole discretion on the 2036 Fixed/Floating Rate Notes Par Redemption Date (a “2036 Fixed/Floating Rate Notes Par Redemption”). The redemption price will be equal to 100% of their principal amount plus any accrued and
unpaid interest to (but excluding) the 2036 Fixed/Floating Rate Notes Par Redemption Date.

2029 Floating Rate Notes Par Redemption

We may redeem the 2029 Floating Rate Notes in whole (but not in part) in our sole discretion on March 3, 2028 (the “2029 Floating Rate
Notes Par Redemption Date”) (a “2029 Floating Rate Notes Par Redemption”). The redemption price will be equal to 100% of their principal amount plus any accrued and unpaid interest to (but excluding) the 2029 Floating Rate Notes Par
Redemption Date