Company: HBCYF
Filing Date: 2025-06-02
Form Type: 424B5
Source: 0001193125-25-132352
Chunk: 117

Company: HSBC HOLDINGS PLC
Filing Date: 2025-06-02
Form: 424B5
Chunk 117
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 Ordinary Share upon the conversion or exchange of, or upon the exercise of such rights of subscription attached to, such securities or, as the case may be, upon the exercise of such options,              
 warrants or rights will be the aggregate consideration or price referred to in (x) or (y) (as the case may be) divided by the number of our Ordinary Shares to be issued upon such conversion or exchange or exercise at the initial conversion,          
 exchange or subscription price or rate;                                                                                                                                                                                                                   |

| (iii) | if the consideration or price determined pursuant to (i) or (ii) (or any component thereof) is expressed                                                                                                                                      
 in a currency other than U.S. dollars, it will be converted into U.S. dollars at the Prevailing Rate on the relevant Effective Date (in the case of (i) above) or the relevant date of first public announcement (in the case of (ii) above); |

| (iv) | in determining the consideration or price pursuant to the above, no deduction will be made for any commissions                                                                                                                                  
 or fees (howsoever described) or any expenses paid or incurred for any underwriting, placing or management of the issue of the relevant Ordinary Shares or securities or options, warrants or rights, or otherwise in connection therewith; and |

| (v) | the consideration or price will be determined as provided above on the basis of the consideration or price                                               
 received, receivable, paid or payable, regardless of whether all or part thereof is received, receivable, paid or payable by or to us or another entity. |

S-72

| (d) | If and whenever we pay any Extraordinary Dividend to our Ordinary Shareholders as a class, each Price will be           
 adjusted by multiplying the relevant Price in effect immediately prior to the Effective Date by the following fraction: |

A-B A where:

| A | is the Current Market Price of one Ordinary Share on the Effective Date; and |

| B | is the portion of the aggregate Extraordinary Dividend attributable to one Ordinary Share, with such portion                                                                                                                                              
 being determined by dividing the aggregate Extraordinary Dividend by the number of our Ordinary Shares entitled to receive the relevant Extraordinary Dividend. If the Extraordinary Dividend is expressed in a currency other than U.S. dollars, it will 
 be converted into U.S. dollars at the Prevailing Rate on the relevant Effective Date.                                                                                                                                                                     |

Such adjustment will become effective on the Effective Date. Notwithstanding provisions of this section:

| (i)