Company: HBCYF
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001193125-25-034819
Chunk: 93

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-25
Form: 424B5
Chunk 93
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 form of the HSBC Group’s regulatory capital that is lower than additional Tier 1 capital. S-60

Redemption Conditions

Notwithstanding anything to the contrary in the Indenture or the Securities, we may only redeem the Securities if (i) we have obtained the
Relevant Supervisory Consent, (ii) prior to the fifth anniversary of the Issue Date, if the Relevant Rules so oblige, we have demonstrated to the satisfaction of the Relevant Regulator that (x) the Special Event was not reasonably
foreseeable at the Issue Date and (y) in the case of a Tax Event, such Tax Event was material or (z) in any relevant circumstances, we have demonstrated to the satisfaction of the Relevant Regulator that we have (or will have), before or
at the same time as such redemption, replaced the Securities with our own funds instruments of equal or higher quality at terms that are sustainable for our income capacity, and the Relevant Regulator has permitted such action on the basis of the
determination that it would be beneficial from a prudential point of view and justified by exceptional circumstances, (iii) we have complied with any alternative or additional pre-conditions to
redemption, as applicable, set out in the Relevant Rules and (iv) we have provided notice as described under “—Redemption—Notice of Redemption.”

Notice of Redemption

Any
redemption of the Securities will be subject to our giving not less than 10 days’, nor more than 60 days’, prior notice to the securityholders via DTC (or, if the Securities are held in definitive form, to the securityholders at their
addresses shown on the register for the Securities); provided, however, that in the case of a Tax Event, no notice of redemption will be given earlier than 90 days prior to the earliest date on which we would be obliged to pay
Additional Amounts were a payment in respect of the Securities then due. Such notice will specify our election to redeem the Securities and the redemption date and will be irrevocable except in the limited circumstances described in the following
paragraph.

A redemption notice will be automatically rescinded and will have no force and effect, and no redemption amount will be due
and payable, if either (x) the Solvency Condition is not satisfied in respect of the relevant redemption amount on the applicable redemption date, (y) a Capital Adequacy Trigger Event occurs prior to the applicable redemption date (in
which case, an Automatic Conversion will occur as