Company: HBCYF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195127
Chunk: 55

Company: HSBC HOLDINGS PLC
Filing Date: 2025-09-04
Form: 424B5
Chunk 55
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 are expected to be issued on September 11, 2025.

The total carrying amount of subordinated liabilities in issue is expected to increase by US$1,500 million to reflect the sale of the
Notes and application of the proceeds therefrom. As of the date hereof, the outstanding principal amount of the Tender Notes is US$2,780,508,000.

Save as disclosed in the above notes, there has been no material change in the issued share capital of HSBC Holdings, or its consolidated
capitalization and indebtedness, since June 30, 2025.

The following exchange rate as of June 30, 2025 has been used in this
section: £1.00 = US$1.36985, AUD1.00 = US$0.65480 and EUR1.00 = US$1.17360.

S-39

DESCRIPTION OF THE NOTES The following summary description of certain material terms and provisions of the Notes supplements the description of certain terms and provisions of dated subordinated debt securities of any series described in the accompanying prospectus under the heading “Description of Debt Securities.” The terms described here, together with the relevant terms of dated subordinated debt securities contained in the accompanying prospectus, constitute a description of the material terms of the Notes. In cases of inconsistency between the terms described here and the relevant terms of the prospectus, the terms presented here will apply and replace those described in the prospectus. The Notes will constitute subordinated unsecured notes issued under the indenture dated as of March 12, 2014 (as amended and supplemented from time to time, the “Base Indenture”) among us, The Bank of New York Mellon, as trustee, and HSBC Bank USA, National Association, as paying agent, registrar and exchange rate agent, the form of which is filed as an exhibit to our registration statement on Form F-3(the “Registration Statement”). The Base Indenture will be supplemented and amended by a tenth supplemental indenture, which is expected to be entered into on September 10, 2025 (the “Issue Date”) among us, the trustee and HSBC Bank USA, National Association, as paying agent, registrar and calculation agent (the Base Indenture, together with the tenth supplemental indenture, the “Indenture”), which will be filed as an exhibit to a report on Form 6-Kon or about the Issue Date, and which will be incorporated by reference in the Registration Statement. If you purchase the Notes