Company: HBCYF
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001193125-25-261738
Chunk: 90

Company: HSBC HOLDINGS PLC
Filing Date: 2025-11-03
Form: 424B5
Chunk 90
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Make-Whole Redemption” has the meaning given to that term under “—Redemption—Make-Whole Redemption.”

“Make-Whole Redemption Period” has the meaning given to that term under
“—Redemption—Make-Whole Redemption.”

“Margin” means any of the 2031 Fixed/Floating Rate Notes
Margin, the 2036 Fixed/Floating Rate Notes Margin or the Floating Rate Notes Margin, as applicable.

“Maturity Date” means any
of the 2031 Fixed/Floating Rate Notes Maturity Date, the 2036 Fixed/Floating Rate Notes Maturity Date or the Floating Rate Notes Maturity Date, as applicable.

“noteholders” means holders of the Notes.

“Notes” means any of the Fixed/Floating Rate Notes or the Floating Rate Notes, as applicable.

“NY Federal Reserve’s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org (or
any successor website).

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

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

“Par Redemption Date” has the meaning given to that term under “—Redemption.”

“PRA” means the UK Prudential Regulation Authority or any successor entity.

“Price Determination Date” has the meaning given to that term under “—Redemption.”

“Reference Time” means (1) if the Benchmark is Compounded Daily SOFR, for each USGS Business Day, 3:00 p.m. (New York time)
on the next succeeding USGS Business Day, and (2) if the Benchmark is not Compounded Daily SOFR, the time determined by us (in consultation, to the extent practicable, with the calculation agent) or our designee (in consultation with us) in
accordance with the Benchmark Replacement Conforming Changes.

“Reference Treasury” has the meaning given to that term under
“—Redemption.”

“Reference Treasury Rate” has the meaning given to that term under
“—Redemption.”

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

S-61

“Relevant Governmental Body” means the Federal Reserve and/or the Federal
Reserve Bank of New York (“NY Federal Reserve”), or a committee officially endorsed or convened by the Federal Reserve and/or the NY Federal Reserve or any successor thereto