Company: HBCYF
Filing Date: 2025-06-02
Form Type: 424B5
Source: 0001193125-25-132352
Chunk: 64

Company: HSBC HOLDINGS PLC
Filing Date: 2025-06-02
Form: 424B5
Chunk 64
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 (including damages), as a consequence of the institution of any such proceedings for a breach of any
Performance Obligation, except where you prove any Monetary Judgment in our winding-up or administration.

Furthermore, by your acquisition of the Securities, you will acknowledge and agree that (i) the sole and exclusive remedy that you and/or
the trustee (acting on your behalf) may seek under the Securities and the Indenture for a breach by us of a Performance Obligation is specific performance under the laws of the State of New York, (ii) you will not (and waive any right to) seek,
and will not (and waive any right to) direct the trustee (acting on your

S-39

behalf) to seek, any other remedy against us in respect of any breach by us of a Performance Obligation, (iii) you will not (and waive any right to) enforce, and will not be entitled to
enforce (and waive any such entitlement), or otherwise claim (and waive any other right to claim) a Monetary Judgment against us, except by proving such Monetary Judgment in our winding-up or administration
and (iv) to the extent permitted by the Trust Indenture Act, you will waive any and all claims, in law and/or in equity, against the trustee for, and agree not to initiate a suit, against the trustee in respect of, and agree that the trustee
will not be liable for, any action that the trustee takes, or abstains from taking, in connection with your right to enforce a Performance Obligation in accordance with the terms of the Indenture. For the avoidance of doubt, the trustee and the
securityholders will not have the right to declare the principal amount of the Securities to be due and payable or institute proceedings for our winding up solely due to the exercise of any UK bail-in power by
the relevant UK resolution authority.

You will bear the risk of depreciation of pounds sterling against the U.S. dollar.

The Conversion Price is fixed at $3.6437 per Conversion Share, subject to certain anti-dilution
adjustments (see “Description of the Securities—Anti-dilution—Adjustmentof Conversion Price and Conversion Shares Offer Price”). Our Ordinary Shares trade primarily in pounds
sterling, as well as in Hong Kong dollars. The U.S. dollar value of our Ordinary Shares may fluctuate depending on the exchange rate between the U.S. dollar and pounds sterling (or any other currency in which our Ordinary Shares may trade). For