Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 22

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 22
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 Rate Senior Unsecured Notes due 2031 in an aggregate principal amount of $750,000,000 (such series of notes, the “2031 Floating Rate Notes”).

Terms Specific to the 2029 Fixed/Floating Rate Notes:

S-9

| Optional Redemption | We may, in our sole discretion, redeem the 2029 Fixed/Floating Rate Notes during the 2029 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 2029 Fixed/Floating Rate Notes to be redeemed to (but excluding) the applicable redemption date (any such redemption, a                             
 “2029 Fixed/Floating Rate Notes Make-Whole Redemption”).                                                                                                                                                                                              |

| Following the 2029 Fixed/Floating Rate Notes Make-Whole Redemption Period, we may, in our sole discretion, redeem the 2029 
 Fixed/Floating Rate Notes on the 2029 Fixed/Floating Rate Notes Par                                                        |

S-10

| Redemption Date, in whole but not in part, at 100% of their principal amount plus any accrued and unpaid interest to (but excluding) the 2029 Fixed/Floating Rate Notes Par Redemption Date (a 
 “2029 Fixed/Floating Rate Notes Par Redemption”).                                                                                                                                              |

| If we determine, in our sole discretion, that the inclusion of the 2029 Fixed/Floating Rate Notes Make-Whole Redemption provisions in the terms of the Indenture and the 2029 Fixed/Floating Rate Notes could reasonably be                               
 expected to prejudice the qualification of the 2029 Fixed/Floating Rate Notes as eligible liabilities or loss absorbing capacity instruments for the purposes of the Loss Absorption Regulations (as defined under “Description of the                    
 Notes—Definitions”), then the provisions relating to the 2029 Fixed/Floating Rate Notes Make-Whole Redemption shall be deemed not to apply for all purposes relating to the 2029 Fixed/Floating Rate Notes and we shall not have any right                
 to redeem the 2029 Fixed/Floating Rate Notes pursuant to a 2029 Fixed/Floating Rate Notes Make-Whole Redemption. In such