Company: HBCYF
Filing Date: 2025-09-08
Form Type: 6-K
Source: 0001654954-25-010482
Chunk: 2

Company: HSBC HOLDINGS PLC
Filing Date: 2025-09-08
Form: 6-K
Chunk 2
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 conditions of any Offer without terminating, modifying or waiving the conditions of any other Offer.

Upon the terms and subject to the conditions set forth in the Offer Documents, holders who (i) validly tender Notes at or prior to the Expiration Time or (ii) validly tender Notes at or prior to 5:00 p.m. (New York City time) on September 10, 2025 (such date and time with respect to an Offer, as the same may be extended, the ' Guaranteed Delivery Date ') pursuant to the Guaranteed Delivery Procedures (as defined in the Offer to Purchase), and whose Notes (i) have not been validly withdrawn at or prior to the Withdrawal Date and (ii) are accepted for purchase by us, will receive the Consideration specified in the table above for each $1,000 principal amount of such Notes, which will be payable in cash on the Settlement Date as described below.

The Consideration applicable to each series of Notes validly tendered and accepted by us pursuant to the Offers has been determined in accordance with the formula set forth in the Offer to Purchase and with standard market practice, using the applicable ' Offer Yield ', which is equal to the sum of:

a) the ' Reference Yield ' specified in the table above that corresponds to the bid-side yield of the Reference Security specified in the table above for such series of Notes on the Bloomberg Reference Page PX6 or PX7, plus

b) the Fixed Spread specified in the table above for such series of Notes.

Accordingly, the Consideration payable by us for each $1,000 principal amount of each series of Notes accepted by us is equal to:

(i) the present value on the Settlement Date of $1,000 principal amount of such Notes due on the maturity date (as specified in the table above) of such Notes, and all scheduled interest payments on such $1,000 principal amount of such Notes to be made from (but excluding) the Settlement Date up to and including such maturity date, discounted to the Settlement Date at a discount rate equal to the applicable Offer Yield, minus

(ii) the Accrued Interest per $1,000 principal amount of such Notes;

such total amount being rounded to the nearest cent per $1,000 principal amount of such Notes, and the above calculation has been made in accordance with standard market practice as described by the formula set forth in the Offer to Purchase.

In addition to the Consideration, holders whose Notes of a given series are accepted for purchase will also be paid