Company: HBCYF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195127
Chunk: 138

Company: HSBC HOLDINGS PLC
Filing Date: 2025-09-04
Form: 424B5
Chunk 138
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 respect to the contingent capital securities shall be paid by us without deduction or withholding for, or on account of, any and all present and future taxes, levies, imposts, duties, charges, fees, deductions or withholdings whatsoever imposed, levied, collected, withheld or assessed by or on behalf of a Taxing Jurisdiction, unless required by law. If such deduction or withholding shall at any time be required by the law of the Taxing Jurisdiction, we shall pay such Additional Amounts in respect of any payments of interest only (and not principal) on such contingent capital securities as may be necessary so that the net amounts (including Additional Amounts) paid to the holders, after such deduction or withholding, shall be equal to the respective amounts of interest which the holders would have been entitled to receive in respect of such contingent capital securities in the absence of such deduction or withholding, providedthat the foregoing shall not apply to any such tax, levy, impost, duty, charge, fee, deduction or withholding which:

| • |     | would not be payable or due but for the fact that the holder or the beneficial owner of the contingent capital                                                                                                                                      
 security is domiciled in, or is a national or resident of, or engaging in business or maintaining a permanent establishment or being physically present in, the Taxing Jurisdiction, or otherwise has some connection or former connection with the 
 Taxing Jurisdiction other than the holding or ownership of a contingent capital security, or the collection of interest payments on, or the enforcement of, any contingent capital security;                                                        |

| • |     | would not be payable or due but for the fact that the certificate representing the relevant contingent capital                                                                                                                              
 securities (i) is presented for payment in the Taxing Jurisdiction or (ii) is presented for payment more than 30 days after the date payment became due or was provided for, whichever is later, except to the extent that the holder would 
 have been entitled to such Additional Amount on presenting the same for payment at the close of such 30-day period;                                                                                                                         |

| • |     | would not have been imposed if presentation for payment of the certificate representing the relevant contingent    
 capital securities had been made to a paying agent other than the paying agent to which the presentation was made; |

| • |     | is imposed in respect of a holder that is not the sole beneficial owner of the interest, or a portion of it, or                                                                                                                                     
 that is a fiduciary or partnership, but only to the extent that a beneficiary