Company: HBCYF
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001193125-25-117014
Chunk: 85

Company: HSBC HOLDINGS PLC
Filing Date: 2025-05-12
Form: 424B5
Chunk 85
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 the Benchmark is no longer representative.

“Benchmark Transition Provisions” has the meaning given to that term
under “—Interest—Calculation of the Benchmark.”

“business day” means a day on which commercial banks
and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in London, England, and in the City of New York, United States.

“Code” means the U.S. Internal Revenue Code of 1986, as amended.

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

“Corresponding Tenor” with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same
length (disregarding business day adjustments) as the applicable tenor for the then-current Benchmark.

“Defaults” has the
meaning given to that term under “Description of Debt Securities—Senior Debt Securities—Defaults and Events of Default” in the accompanying prospectus.

“designee” means an affiliate or any other agent of HSBC Holdings.

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

“DTC” has the meaning given to that term under “—DTC—UK Bail-inPower.”

“EUWA” means the European Union (Withdrawal) Act 2018, as amended.

“Events of Default” has the meaning given to that term under “Description of Debt Securities—Senior Debt Securities—Defaults and Events of Default” in the accompanying prospectus.

“FATCA” means (i) sections 1471
to 1474 of the Code or any associated regulations or other official guidance; (ii) any treaty, law, regulation or other official guidance enacted in any other jurisdiction, or relating to an intergovernmental agreement between the United States
and any other jurisdiction, which (in either case) facilitates the implementation of clause (i); or (iii) any agreement pursuant to the implementation of clauses (i) or (ii) with the U.S. Internal Revenue Service, the U.S. government or
any governmental or taxation authority in any other jurisdiction.

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

“Fixed/Floating Rate Notes Par Redemption Date”
has the meaning given to that term under “—Redemption.”

S-58

“Floating Rate Interest Period” means any of a