Company: HBCYF
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001193125-25-261738
Chunk: 160

Company: HSBC HOLDINGS PLC
Filing Date: 2025-11-03
Form: 424B5
Chunk 160
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, the liquidator or trustee or receiver in our bankruptcy and, until such time as payment is made, will hold a sum equal to such amount in trust for us or, if applicable, the liquidator or trustee or receiver in our bankruptcy. Accordingly, such discharge will be deemed not to have taken place. The waiver of set-offprovisions will be governed by, and construed in accordance with, the laws of England and Wales. Limitation on Suits No holder of contingent capital securities will be entitled to proceed directly against us, except as described below. Subject to any further limitations provided in the relevant prospectus supplement, before a holder of the contingent capital securities may bypass the trustee and bring its own lawsuit or other formal legal action or take other steps to enforce its rights or protect its interests relating to the contingent capital securities, the following must occur:

| • |     | The holder must give the trustee written notice that a contingent capital event of default has occurred and 
 remains uncured.                                                                                            |

| • |     | The holders of not less than 25% in outstanding principal amount of the contingent capital securities of the                                                                                                                                   
 relevant series must make a written request that the trustee take action because of the contingent capital event of default, and the holder must offer indemnity satisfactory to the trustee in its sole discretion against the cost and other 
 liabilities of taking that action.                                                                                                                                                                                                             |

| • |     | The trustee must not have taken action for 60 days after receipt of the above notice and offer of security or                                                                                                 
 indemnity, and the trustee must not have received an inconsistent direction from the majority in principal amount of all outstanding contingent capital securities of the relevant series during that period. |

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Notwithstanding any other provision of the contingent capital indenture or the contingent capital securities, the right of any holder of contingent capital securities to receive payment of the principal of (and premium, if any, on), and interest on, the contingent capital securities, on or after the due dates thereof or to institute suit for the enforcement of any such payment on or after such respective dates, will not be impaired or affected without the consent of such holder. Consolidation, Merger and Sale of Assets We may, without the consent of the holders of any of the contingent capital securities, consolidate or amalgamate with, or merge into, any corporation, or convey, sell, transfer or lease our properties and assets substantially as an entirety to any person, providedthat:

| • |     | any successor corporation expressly assumes our obligations under the contingent