Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 142

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 142
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, or in the official application or interpretation of, or execution of, or 
 amendment to, any treaty or treaties affecting taxation to which the UK is a party, which change, amendment or execution becomes effective on or after the date of original issuance of the debt securities of such series; or                          |

| (b) | the payment of interest in respect of such debt securities has become or will or would be treated as a                                                                                                                                            
 “distribution” within the meaning of Section 1000 of the Corporation Tax Act 2010 of the UK (or any statutory modification or re-enactment thereof for the time being), as a result of any change                                                 
 in or amendment to the laws of the Taxing Jurisdiction, or any change in the official application or interpretation of such laws, including a decision of any court, which change or amendment becomes effective on or after the date of original 
 issuance of the debt securities of such series;                                                                                                                                                                                                   |

provided, however, that, in the case of (a) above, no notice of redemption will be given earlier than 90 days prior to the earliest date on which we would be obliged to pay such additional amounts were a payment in respect of such debt securities then due. Modification and Waiver Modifications of and amendments to the relevant indenture with respect to the debt securities may be made by us and the trustee, without the consent of the holders of the debt securities of such series for certain purposes and otherwise with the consent of the holders of a majority in principal amount (or in the case of index-linked debt securities, face amount) of the debt securities of such series then outstanding ; provided, however, that no such modification or amendment may, without the consent of the holder of each outstanding debt security affected thereby:

| • |     | change the stated maturity of the principal of, or any installment of interest or additional amounts payable on,                                                                                                                                          
 any senior debt security or any dated subordinated debt security or change the terms of any undated subordinated debt security to include a stated maturity of the principal or change the payment dates for payment of additional amounts on any undated 
 subordinated debt security;                                                                                                                                                                                                                               |

| • |     | reduce the principal amount (or in the case of index-linked debt securities, face amount), including the amount                                                                                                                                 
 payable on a discount security upon the acceleration of the maturity thereof, or any interest or any related deferred payment, missed payment or the rate of interest on any of the foregoing, on or any premium payable upon redemption of, or 
 additional