Company: HBCYF
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001193125-25-261738
Chunk: 2

Company: HSBC HOLDINGS PLC
Filing Date: 2025-11-03
Form: 424B5
Chunk 2
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Fixed/Floating Rate Notes to be redeemed to (but excluding) the applicable redemption date) or (b) following the 2031 Fixed/Floating Rate Notes Make-Whole Redemption Period, pursuant to a 2031 Fixed/Floating Rate Notes Par Redemption (as
defined herein), in whole but not in part, on November 6, 2030 (the “2031 Fixed/Floating Rate Notes Par Redemption Date”) at a redemption price equal to 100% of their principal amount plus any accrued and unpaid interest to (but
excluding) the 2031 Fixed/Floating Rate Notes Par Redemption Date, in each case on the terms and subject to the provisions set forth under “Description of the Notes––Redemption.” The “2031 Fixed/Floating Rate
Notes Make-Whole Redemption Period” means the period beginning on (and including) May 6, 2026 (six months following the Issue Date) to (but excluding) the 2031 Fixed/Floating Rate Notes Par Redemption Date; provided that if any
additional notes of the same series are issued after the Issue Date, the 2031 Fixed/Floating Rate Notes Make-Whole Redemption Period for such additional notes shall begin on (and include) the date that is six months following the issue date for such
additional notes.

We may, in our sole discretion, redeem the 2036 Fixed/Floating Rate Notes (a) during the 2036 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 2036 Fixed/Floating Rate Notes to be redeemed to (but excluding) the applicable redemption date) or (b) following the 2036 Fixed/Floating Rate Notes Make-Whole Redemption Period, pursuant to a 2036 Fixed/Floating Rate Notes Par Redemption
(as defined herein), in whole but not in part, on November 6, 2035 (the “2036 Fixed/Floating Rate Notes Par Redemption Date”) at a redemption price equal to 100% of their principal amount plus any accrued and unpaid interest to (but
excluding)