Company: HBCYF
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001193125-25-261738
Chunk: 87

Company: HSBC HOLDINGS PLC
Filing Date: 2025-11-03
Form: 424B5
Chunk 87
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 the administrator for the Benchmark, a resolution authority with jurisdiction over the administrator for the Benchmark or a court or an
entity with similar insolvency or resolution authority over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will cease to provide the Benchmark permanently or indefinitely, provided that, at
the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark; or

(3) a public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark
announcing that the Benchmark is no longer representative.

S-58

“Benchmark Transition Provisions” has the meaning given to that term under
“—Interest —Calculation of the Benchmark.”

“business day” means a day on which commercial
banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in London, England, and in the City of New York, United States.

“Code” means the U.S. Internal Revenue Code of 1986, as amended.

“Compounded Daily SOFR” has the meaning given to that term under “—Calculation of the Benchmark.”

“Corresponding Tenor” with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same
length (disregarding business day adjustments) as the applicable tenor for the then-current Benchmark.

“Defaults” has the
meaning given to that term under “Description of Debt Securities—Senior Debt Securities—Defaults and Events of Default” in the accompanying prospectus.

“designee” means an affiliate or any other agent of HSBC Holdings.

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

“DTC” has the meaning given to that term under “—DTC—UK Bail-inPower.”

“EUWA” means the European Union (Withdrawal) Act 2018, as amended.

“Events of Default” has the meaning given to that term under “Description of Debt Securities—Senior Debt Securities—Defaults and Events of Default” in the accompanying prospectus.

“FATCA” means (i) sections
1471 to 1474 of the Code or any associated regulations or other official guidance; (ii) any treaty, law, regulation or other official guidance enacted in any other jurisdiction, or relating to an intergovernmental agreement between the United
States and any other jurisdiction, which (in either case) facilitates the implementation of clause (i); or