Company: HBCYF
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001193125-25-034819
Chunk: 137

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-25
Form: 424B5
Chunk 137
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 calculated following the occurrence of a
Qualifying Takeover Event converted into pounds sterling based on an exchange rate of £1.00 = $1.2647.

“Non-payment Event” has the meaning given to such term under “—Defaults and Remedies—Non-paymentEvent.”

“non-transitional CET1 Ratio” means, as of any date, the ratio of CET1 Capital to the Risk
Weighted Assets, in each case as of such date, expressed as a percentage.

“Notice Cut-off
Date” means the date specified as such in the Automatic Conversion Settlement Request Notice, which date will be at least 40 business days following the Suspension Date.

“OECD” means Organization for Economic Co-operation and Development.

“Optional Redemption” has the meaning given to such term under “—Redemption—Optional Redemption.”

“Optional Redemption Date” has the meaning given to such term under “—Redemption—Optional Redemption.”

“Optional Redemption Period” has the meaning given to such term under
“—Redemption—Optional Redemption.”

“Outstanding Amount” has the meaning given to such term
under “—Conversion Shares.”

“Parity Securities” means, (i) the most senior ranking class or classes
of preference shares in our capital from time to time and any other of our securities ranking, or expressed to rank, pari passuwith the Securities and/or such senior preference shares in our winding-up
or administration as described under “—Subordination,” and/or (ii) any securities issued by any other member of the HSBC Group where the terms of such securities benefit from a guarantee or support agreement entered into
by us which ranks or is expressed to rank pari passuwith the Securities and/or such senior preference shares in our winding-up or administration as described under
“—Subordination.”

“Performance Obligation” has the meaning given to such term under
“—Defaults and Remedies—Limited Remedies for Breach of Obligations (Other than Non-payment).”

“PRA” means the UK Prudential Regulation Authority or any successor entity.

“PRA Rulebook” means the rulebook made and enforced by the Prudential Regulation Authority under powers conferred by the Financial
Services and Markets Act 2000.

S-88

“Prevailing Rate” means, in relation to any two currencies and any day:

| (a) | for the purposes of the definition of Conversion Shares Offer Consideration, the executable bid quotation                                                                                                                                            
 obtained by the Conversion Shares Depository that is most favorable