Company: HBCYF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195127
Chunk: 1

Company: HSBC HOLDINGS PLC
Filing Date: 2025-09-04
Form: 424B5
Chunk 1
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 may also, in our sole discretion, redeem the Notes upon the occurrence of certain tax events on the terms and subject to the provisions set forth in this prospectus supplement under “ Description of the Notes––Redemption” and in the accompanying prospectus. We may, at our option in our sole discretion, if the outstanding aggregate principal amount of the Notes is 25% or less of the aggregate principal amount of the Notes originally issued (and, for these purposes, any additional notes issued after the Issue Date and consolidated with the Notes as part of the same series shall be deemed to have been originally issued), redeem the remaining outstanding Notes in whole (but not in part) at any time at a redemption price equal to 100% of the principal amount of such outstanding Notes plus any accrued and unpaid interest to (but excluding) the date of redemption on the terms and subject to the provisions set forth under “ Description of the Notes—Redemption.” Any redemption of the Notes is subject to the restrictions described in this prospectus supplement under “ Description of the Notes—Redemption—Redemption or Purchase Conditions.” By its acquisition of the Notes, each noteholder (which, for these purposes, includes each beneficial owner) will acknowledge, accept, consent and agree, notwithstanding any other term of the Notes, the Indenture or any other agreements, arrangements or understandings between us and any noteholder, to be bound by (a) the effect of the exercise of any UK bail-inpower (as defined herein) by the relevant UK resolution authority (as defined herein); and (b) the variation of the terms of the Notes or the Indenture, if necessary, to give effect to the exercise of any UK bail-inpower by the relevant UK resolution authority. No repayment or payment of Amounts Due will become due and payable or be paid after the exercise of any UK bail-inpower by the relevant UK resolution authority if and to the extent such amounts have been reduced, converted, cancelled, amended or altered as a result of such exercise. For these purposes, “Amounts Due” are the principal amount of, and any accrued but unpaid interest, including any Additional Amounts, on, the Notes. References to such amounts will include amounts that have become due and payable, but which have not been paid, prior to the exercise of any UK bail-inpower by the relevant UK resolution authority. See “ Description of the Notes—Agreement with Respect to the Exercise of UK Bail-inPower .” Moreover, each noteholder (which