Company: HBCYF
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001193125-25-039401
Chunk: 2

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-27
Form: 424B5
Chunk 2
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 pay interest quarterly in arrear on the 2036 Fixed/Floating Rate Notes on June 3, 2035, September 3, 2035,
December 3, 2035 and March 3, 2036 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as defined herein and compounding daily over each 2036 Fixed/Floating Rate Notes Floating Rate Interest Period, plus 1.560% per
annum. The 2036 Fixed/Floating Rate Notes will mature on March 3, 2036.

We will pay interest quarterly in arrear on the 2029 Floating Rate
Notes on March 3, June 3, September 3 and December 3 of each year, beginning on June 3, 2025 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as defined herein and compounding daily over each 2029 Floating Rate Notes
Interest Period, plus 1.030% per annum. The 2029 Floating Rate Notes will mature on March 3, 2029.

We will pay interest quarterly in arrear
on the 2031 Floating Rate Notes on March 3, June 3, September 3 and December 3 of each year, beginning on June 3, 2025 at a floating rate equal to a benchmark rate based on SOFR, calculated in arrear as defined herein and compounding daily over each
2031 Floating Rate Notes Interest Period, plus 1.290% per annum. The 2031 Floating Rate Notes will mature on March 3, 2031.

We may, in our
sole discretion, redeem the 2029 Fixed/Floating Rate Notes (a) during the 2029 Fixed/Floating Rate Notes Make-Whole Redemption Period (as defined below), in whole at any time during such period or in part from time to time during such period,
at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (i) 100% of their principal amount and (ii) a make-whole price calculated as set forth under “Description of the Notes—Redemption” (in each case plus any accrued and unpaid interest on the 2029 Fixed/Floating Rate Notes to be redeemed to (but excluding) the applicable redemption date) or (b) following the 2029 Fixed/Floating Rate
Notes Make-Whole Redemption Period,