Company: HBCYF
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001193125-25-261738
Chunk: 91

Company: HSBC HOLDINGS PLC
Filing Date: 2025-11-03
Form: 424B5
Chunk 91
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“Relevant Regulator” means the PRA or any successor entity or other entity primarily responsible for our prudential supervision.

“Relevant Supervisory Consent” means, in relation to any redemption or purchase of the Notes, any required permission of the
Relevant Regulator applicable to us or the relevant UK resolution authority (as applicable) pursuant to the Loss Absorption Regulations. For the avoidance of doubt, Relevant Supervisory Consent will not be required if (i) none of the Notes
qualify as part of our regulatory capital, or own funds and eligible liabilities or loss absorbing capacity instruments, as the case may be, each pursuant to the Loss Absorption Regulations, (ii) the relevant Notes are purchased for
market-making purposes in accordance with any permission given by the Relevant Regulator or the relevant UK resolution authority (as applicable) pursuant to the Loss Absorption Regulations within the limits prescribed in such permission or
(iii) the relevant Notes are being redeemed or purchased pursuant to any general prior permission granted by the Relevant Regulator or the relevant UK resolution authority (as applicable) pursuant to the Loss Absorption Regulations within the
limits prescribed in such permission.

“relevant UK resolution authority” has the meaning given to that term under
“—Agreement with Respect to the Exercise of UK Bail-inPower.”

“SOFR” has the meaning given to that term under “—Calculation of the Benchmark.”

“SOFR” has the meaning given to that term under
“—Calculation of the Benchmark.”

“Tax Event Redemption” has the meaning given to that term under
“—Redemption—Tax Event Redemption.”

“Trust Indenture Act” has the meaning given to that
term in the third paragraph of this “Description of the Notes.”

“UK
bail-in power” has the meaning given to that term under “—Agreement with Respect to the Exercise of UK Bail-inPower.”

“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 it forms part of domestic law in the UK by virtue of the EUWA.

“Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

“USGS Business Day” has the meaning given to that term under “—Calculation of the Benchmark.”

S-62

FORM, SETTLEMENT AND CLEARANCE

The Notes will be issued in