Company: HBCYF
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001193125-25-034819
Chunk: 191

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-25
Form: 424B5
Chunk 191
---
 the same for payment at the close of such 30-day period;                                                                                                                  |

| • |     | would not have been imposed if presentation for payment of the certificate representing the relevant undated                 
 subordinated debt securities had been made to a paying agent other than the paying agent to which the presentation was made; |

| • |     | is imposed in respect of a holder that is not the sole beneficial owner of the interest and related deferred                                                                                                                                             
 payments and missed payments, if any, or a portion of it, or that is a fiduciary or partnership, but only to the extent that a beneficiary or settlor with respect to the fiduciary, a beneficial owner or member of the partnership would not have been 
 entitled to the payment of an Additional Amount had the beneficiary, settlor, beneficial owner or member received directly its beneficial or distributive share of the payment;                                                                          |

| • |     | is imposed because of the failure to comply by the holder or the beneficial owner of any payment on such undated                                                                                   
 subordinated debt securities with our request addressed to the holder or the beneficial owner, including our written request related to a claim for relief under any applicable double tax treaty: |

| (a) | to provide information concerning the nationality, residence, identity or connection with a taxing jurisdiction 
 of the holder or the beneficial owner; or                                                                       |

| (b) | to make any declaration or other similar claim to satisfy any information or reporting requirement, |

if the information or declaration is required or imposed by a statute, treaty, regulation, ruling or administrative practice of the Taxing Jurisdiction as a precondition to exemption from withholding or deduction of all or part of the tax, duty, assessment or other governmental charge;

| • |     | is imposed in respect of any estate, inheritance, gift, sale, transfer, personal property, wealth or similar tax, 
 duty, assessment or other governmental charge; or                                                                 |

| • |     | is imposed in respect of any combination of the above items. |

Unless the relevant prospectus supplement provides otherwise, all payments in respect of the undated subordinated debt securities will be made subject to any withholding or deduction required pursuant to FATCA and we will not be required to pay any Additional Amounts on account of any such deduction or withholding required pursuant to FATCA. With respect to any series of undated subordinated debt securities, any paying agent shall be entitled to make a deduction or withholding from any payment which it makes under the undated subordinated debt securities of such series