Company: HBCYF
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001193125-25-261738
Chunk: 133

Company: HSBC HOLDINGS PLC
Filing Date: 2025-11-03
Form: 424B5
Chunk 133
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 of the redemption of any series of debt securities, whether at our option or upon the occurrence of certain circumstances (including, but not limited to, the occurrence of certain tax or regulatory events), will be set forth in the relevant prospectus supplement. Any redemption of the undated subordinated debt securities may be subject to one or more solvency conditions, as specified in the relevant prospectus supplement. We and any of our subsidiary undertakings may, in accordance with applicable law, repurchase debt securities for our or their account. Under the provisions of UK CRR, as applied by the UK Prudential Regulation Authority or any successor entity (the “PRA”) and the Bank of England at the date of this prospectus, any optional tax redemption and any other optional redemption or repurchase may require the prior consent of the Relevant Regulator or the relevant UK resolution authority, as applicable. For these purposes:

| (a) | “Relevant Regulator” means the PRA or any successor entity or other entity primarily responsible 
 for our prudential supervision;                                                                  |

| (b) | “relevant UK resolution authority” means any authority with the ability to exercise a UK bail-in power; |

| (c) | “UK bail-in power” means the powers under the UK bail-in legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, write-down, transfer, reduce, modify or change the 
 form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such                      
 contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability;                                                                                                                           |

| (d) | “UK bail-in legislation” means Part I of the Banking Act                                                                                                                                                                                                  
 and any other law or regulation applicable in the UK relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency 
 proceedings); and                                                                                                                                                                                                                                         |

| (e) | “UK CRR” means Regulation (EU) No. 575/2013 on prudential requirements for credit institutions                                                                                                
 and investment firms of the European Parliament and of the Council of 26 June 2013, as amended or supplemented, as