Company: HBCYF
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001193125-25-261738
Chunk: 1

Company: HSBC HOLDINGS PLC
Filing Date: 2025-11-03
Form: 424B5
Chunk 1
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6, 2031 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as defined herein and compounding
daily over each 2031 Fixed/Floating Rate Notes Floating Rate Interest Period, plus 1.190% per annum. The 2031 Fixed/Floating Rate Notes will mature on November 6, 2031.

From (and including) the Issue Date to (but excluding) November 6, 2035, we will pay interest semi-annually in arrear on the 2036
Fixed/Floating Rate Notes on May 6 and November 6 of each year, beginning on May 6, 2026, at a rate of 5.133% per annum. Thereafter, we will pay interest quarterly in arrear on the 2036 Fixed/Floating Rate Notes on February 6,
2036, May 6, 2036, August 6, 2036 and November 6, 2036 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as defined herein and compounding daily over each 2036 Fixed/Floating Rate Notes Floating Rate
Interest Period, plus 1.430% per annum. The 2036 Fixed/Floating Rate Notes will mature on November 6, 2036.

We will pay interest
quarterly in arrear on the Floating Rate Notes on February 6, May 6, August 6 and November 6 of each year, beginning on February 6, 2026 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as
defined herein and compounding daily over each Floating Rate Notes Interest Period, plus 1.190% per annum. The Floating Rate Notes will mature on November 6, 2031.

We may, in our sole discretion, redeem the 2031 Fixed/Floating Rate Notes (a) during the 2031 Fixed/Floating Rate Notes Make-Whole
Redemption Period (as defined below), in whole at any time during such period or in part from time to time during such period, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the
greater of: (i) 100% of their principal amount and (ii) a make-whole price calculated as set forth under “Description of the Notes––Redemption” (in each case plus any accrued and unpaid interest on the 203