Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 96

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 96
---
 Interest Period, as applicable.

“Floating Rate Notes Margin” means either the
2029 Floating Rate Notes Margin or the 2031 Floating Rate Notes Margin, as applicable.

“Floating Rate Period” means any of the
2029 Fixed/Floating Rate Notes Floating Rate Period, the 2031 Fixed/Floating Rate Notes Floating Rate Period or the 2036 Fixed/Floating Rate Notes Floating Rate Period, as applicable.

“Floating Rate Period Interest Payment Date” means any of a 2029 Fixed/Floating Rate Notes Floating Rate Period Interest Payment
Date, a 2031 Fixed/Floating Rate Notes Floating Rate Period Interest Payment Date or a 2036 Fixed/Floating Rate Notes Floating Rate Period Interest Payment Date, as applicable.

“H.15” has the meaning given to that term under “—Redemption.”

“HSBC Group” means HSBC Holdings plc together with its subsidiary undertakings.

“Indenture” has the meaning given to that term in the second paragraph of this “Description of the Notes.”

“Initial Interest Rate” means any of the 2029 Fixed/Floating Rate Notes Initial Interest Rate, the 2031 Fixed/Floating Rate Notes
Initial Interest Rate or the 2036 Fixed/Floating Rate Notes Initial Interest Rate, as applicable.

“Interest Determination Date”
means the third business day preceding the applicable Interest Payment Date.

“Interest Payment Date” means any of a 2029
Fixed/Floating Rate Notes Interest Payment Date, a 2031 Fixed/Floating Rate Notes Interest Payment Date, a 2036 Fixed/Floating Rate Notes Interest Payment Date, a 2029 Floating Rate Notes Interest Payment Date or a 2031 Floating Rate Notes Interest
Payment Date, as applicable.

“ISDA Definitions” means the 2006 ISDA Definitions published by the International Swaps and
Derivatives Association, Inc. (“ISDA”) or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time.

S-65

“ISDA Fallback Adjustment” means the spread adjustment (which may be a positive or
negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

“ISDA Fallback Rate” means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective
upon the occurrence of an index cessation date with respect to the Benchmark