Company: HBCYF
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001193125-25-034819
Chunk: 19

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-25
Form: 424B5
Chunk 19
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, New York, 10001

Attn:
Company Secretary

Tel:
+1-212-525-5000

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SUMMARY OF THE OFFERING The following summary highlights information contained elsewhere in this prospectus supplement and the accompanying prospectus. This summary is not complete and does not contain all of the information that may be important to you. You should read the entire prospectus supplement and the accompanying prospectus, including the financial statements and related notes incorporated by reference herein, before making an investment decision. Terms which are defined in “Description of the Securities” included in this prospectus supplement beginning on page S-55have the same meaning when used in this summary.

| Issuer | HSBC Holdings plc. |

| Securities Offered | 6.950% Perpetual Subordinated Contingent Convertible Securities (Callable During Any Optional Redemption Period) in an aggregate principal amount of $1,500,000,000 (the “Securities”). |

| Each period from (and including) a Reset Date to (but excluding) the following Reset Date will be a “Reset Period.” |

| Reset Determination Dates | The second business day immediately preceding a Reset Date (each, a “Reset Determination Date”). |

| Reference Rate | The “Reference Rate” means, with respect to any Reset Period for which such rate applies: |

| (1) the rate per annum (expressed as a decimal) equal to the yield which represents the average for the week immediately prior to the related Reset Determination Date in the most recent H.15, (a) under the caption 
 “Treasury Constant Maturities” and (b) for the maturity of five years;                                                                                                                                                |

| (2) if such release (or any successor release) is not published during the week immediately prior to the related Reset Determination Date or does not contain such yields, the Reference Treasury Rate for such Reset 
 Period; or                                                                                                                                                                                                            |

| (3) if the Reference Rate cannot be determined, for whatever reason, as described under (1) or (2) above, “Reference                                       
 Rate” means the rate per annum (expressed as a decimal) equal to the yield on U.S. Treasury securities having a maturity of five years as set forth in the |

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| most recent H.15 under the caption “Treasury constant maturities” for the maturity of five years at 5:00 p.m. (New York City time) on the last available date