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HSBC Holdings — Capital and Other TLAC-eligible Instruments Main Features 31 December 2025 (PDF) (company IR deck)
HSBC Holdings (HSBC) · 30 slides · Filed Oct 21, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All HSBC deck slides
Slide 1 — HSBC Holdings plc
31 December 2025 HSBC Holdings plc Main features of regulatory capital instruments and eligible instruments Page 1
Slide 2 — HSBC Holdings plc
HSBC Holdings plc Main features of regulatory capital instruments and eligible instruments This document supplements the HSBC Holdings plc Pillar 3 Disclosures as at 31 December 2025 (the “Pillar 3 Disclosures”), available at www.hsbc.com (please follow links to ‘Investors’, ‘Results and announcements’ and ‘All reporting’). This document is a disclosure document published as required by, and solely for the purpose of compliance with, Articles 437(b) and points (a) and (b) of 437a of The PRA Rulebook Disclosure (CRR) Part, to provide a description of the main features of the capital instruments and eligible liabilities of HSBC Holdings plc and certain subsidiaries of the HSBC Group. “HSBC Group” means HSBC Holdings plc, together with its consolidated subsidiaries. The information contained in this document has been compiled in accordance with CRR II (as defined in the Pillar 3 Disclosures) and regulatory guidance published by the UK Prudential Regulatory Authority and the Bank of England. Assumptions on the regulatory treatment of the capital instruments and eligible liabilities described herein under the CRR II reflect HSBC Group’s interpretation of current rules. Following the end of the transition period following the UK's withdrawal from the EU, any reference to EU regulations and directives (including technical standards) should, as applicable, be read as references to the UK’s version of such regulation or directive, as onshored into UK law under the European Union (Withdrawal) Act 2018, and as may be subsequently amended under UK law. Disclosure in the required format has resulted in simplification and abbreviation of the features of the capital instruments and eligible liabilities described herein. The information contained in this document is not intended to be a comprehensive description of such capital instruments and eligible liabilities. No investor or prospective investor in any such capital instruments and eligible liabilities should rely upon the description contained in this document and none of HSBC Holdings plc or any member of the HSBC Group shall be liable for any inaccuracy or misstatement contained in this document. The full terms and conditions of the capital instruments and eligible liabilities, described herein, are available via the HSBC Group website (http://www.hsbc.com/investor-relations/fixed-income-securities) or by contacting HSBC Group Investor Relations ([email protected]). Information with respect to any capital instrument or eligible liability in this document should not be used for investment advice and does not constitute an offer to sell or solicitation of an offer to buy any such capital instrument or eligible liability or any advice or recommendation with respect to any such capital instrument or eligible liability. When making a decision about your investments, you should seek the advice of a professional financial adviser. Page 2
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1 HSBC Holdings plc Hang Seng Bank Limited (Non-Controlling Interest portion) ³ HSBC Bank Malta plc (Non-Controlling Interest portion) ⁴ 2 GB0005405286 HK0011000095 MT0000030107 2a Public Public Public 3 English law Laws of Hong Kong Laws of Malta 3a N/A N/A N/A Regulatory treatment 4 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 5 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 6 Consolidated Solo and Consolidated Solo and Consolidated 7 Ordinary Shares Ordinary Shares Ordinary Shares 8 USD 8,682m USD 459m USD 38m 9 USD 8,570m No par value, NCI portion of share capital - HKD 3,569m (USD 459m) EUR 32m (USD 38m) UK-9a USD 0.500 per share Various EUR 0.300 per share UK-9b USD 0.500 per share Various EUR 0.300 per share 10 Shareholders' equity Non-controlling interest in consolidated subsidiary Non-controlling interest in consolidated subsidiary 11 - - - 12 Perpetual Perpetual Perpetual 13 - - - 14 - - - 15 - - - 16 - - - Coupons / dividends 17 - - - 18 - - - 19 - - - UK-20a - - - UK-20b - - - 21 - - - 22 Non-cumulative Non-cumulative Non-cumulative 23 Non-convertible Non-convertible Non-convertible 24 N/A N/A N/A 25 N/A N/A N/A 26 N/A N/A N/A 27 N/A N/A N/A 28 N/A N/A N/A 29 N/A N/A N/A 30 - - - 31 N/A N/A N/A 32 N/A N/A N/A 33 N/A N/A N/A 34 N/A N/A N/A 34a N/A N/A N/A UK-34b 1 - Ordinary Shares 1 - Ordinary Shares 1 - Ordinary Shares 35 Immediately subordinate to Additional Tier 1 Immediately subordinate to Additional Tier 1 Immediately subordinate to Additional Tier 1 36 No No No 37 N/A N/A N/A - - - 37a Available on request Available on request Available on request ³ For further detail on the privatisation of Hang Seng Bank Limited, please refer to Note 37 on the Financial Statements in the Annual Report and Accounts 2025. ⁴ For further detail on the sale of HSBC Bank Malta plc, please refer to Note 23 on the Financial Statements in the Annual Report and Accounts 2025. ¹ Represents the portion of ordinary share capital and share premium which is held outside of the consolidated reporting entity. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)¹ Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Link to the full terms and conditions of the instrument (signposting) Counts towards own funds and MREL requirements: CET1 Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into Page 3
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1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc 2 US404280BL25 XS1640903701 US404280BP39 XS1884698256 US404280CN71 2a Public Public Public Public Public 3 Laws of the State of New York, save for the subordination provision English law Laws of the State of New York, save for the subordination provision Laws of the State of New York, save for the subordination provision Laws of the State of New York, save for the subordination provision 3a Yes No Yes Yes Yes 4 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 5 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 6 Consolidated Consolidated Consolidated Consolidated Consolidated 7 Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities 8 USD 3,000m USD 1,421m USD 1,800m USD 1,301m USD 1,500m 9 USD 3,000m EUR 1,250m (USD 1,466m) USD 1,800m GBP 1,000m (USD 1,341m) USD 1,500m UK-9a 100.000% 100.000% 100.000% 100.000% 100.000% UK-9b 100.000% 100.000% 100.000% 100.000% 100.000% 10 Shareholders' equity Shareholders' equity Shareholders' equity Shareholders' equity Shareholders' equity 11 22 May 2017 04 Jul 2017 23 Mar 2018 28 Sep 2018 17 Dec 2020 12 Perpetual Perpetual Perpetual Perpetual Perpetual 13 - - - - - 14 Yes Yes Yes Yes Yes 15 22 May 2027 / Tax or Capital Disqualification Event at any time / Par 04 Jul 2029 / Tax or Capital Disqualification Event at any time / Par 23 Mar 2028 / Tax or Capital Disqualification Event at any time / Par 28 Sep 2026 / Tax or Capital Disqualification Event at any time / Par From 6 months prior to 17 Jun 2031 / Tax or Capital Disqualification Event at any time / Par 16 Every 5 years after first call Every 5 years after first call Every 5 years after first call Every 5 years after first call Every 5 years after first call 17 Fixed to floating Fixed to floating Fixed to floating Fixed to floating Fixed to floating 18 From 22/05/2027 rate resets from fixed 6.000% to 5 year USD Mid-Market Swap Rate + 3.746%, resettable every 5 years. From 04/07/2029 rate resets from fixed 4.750% to 5 year EUR Mid-Market Swap Rate + 3.844%, resettable every 5 years. From 23/03/2028 rate resets from fixed 6.500% to 5 year USD Mid-Market Swap Rate + 3.606%, resettable every 5 years. From 28/09/2026 rate resets from fixed 5.875% to 5 year GBP Mid-Market Swap Rate + 4.276%, resettable every 5 years. From 17/06/2031 rate resets from fixed 4.600% to U.S. Treasury Rate ("UST") + 3.649%, resettable every 5 years. 19 No No No No No UK-20a Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary UK-20b Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary 21 No No No No No 22 Non-cumulative Non-cumulative Non-cumulative Non-cumulative Non-cumulative 23 Convertible Convertible Convertible Convertible Convertible 24 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 25 Always convert fully Always convert fully Always convert fully Always convert fully Always convert fully 26 USD 3.4799 per Conversion Share EUR 3.05451 per Conversion Share USD 3.7881 per Conversion Share GBP 2.70 per Conversion Share USD 3.5878 per Conversion Share 27 Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events 28 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 29 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc 30 Yes Yes Yes Yes Yes 31 Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 32 May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially 33 Permanent Permanent Permanent Permanent Permanent 34 N/A N/A N/A N/A N/A 34a N/A N/A N/A N/A N/A UK-34b 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes 35 Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments 36 No No No No No 37 N/A N/A N/A N/A N/A - - - - - 37a https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280BL25 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS1640903701 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280BP39 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS1884698256 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CN71 ¹ Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Counts towards own funds and MREL requirements: AT1 Regulatory treatment Coupons / dividends Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings¹ Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion Page 4
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1 2 2a 3 3a 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Counts towards own funds and MREL requirements: AT1 Regulatory treatment Coupons / dividends Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings¹ Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc US404280CP20 US404280CQ03 US404280DT33 XS2764959842 US404280EH85 Public Public Public Public Public Laws of the State of New York, save for the subordination provision Laws of the State of New York, save for the subordination provision Laws of the State of New York, save for the subordination provision English law Laws of the State of New York, save for the subordination and waiver of set-off provisions Yes Yes Yes No Yes Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Consolidated Consolidated Consolidated Consolidated Consolidated Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities USD 1,000m USD 1,000m USD 1,996m USD 1,107m USD 1,347m USD 1,000m USD 1,000m USD 2,000m SGD 1,500m (USD 1,166m) USD 1,350m 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Shareholders' equity Shareholders' equity Shareholders' equity Shareholders' equity Shareholders' equity 09 Mar 2021 09 Mar 2021 07 Mar 2023 14 Jun 2024 11 Sep 2024 Perpetual Perpetual Perpetual Perpetual Perpetual - - - - - Yes Yes Yes Yes Yes From 6 months prior to 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par From 6 months prior to 09 Sep 2031 / Tax or Capital Disqualification Event at any time / Par From 6 months prior to 07 Sep 2028 / Tax or Capital Disqualification Event at any time / Par From 6 months prior to 14 Jun 2029 / Tax or Capital Disqualification Event at any time / Par From 6 months prior to 11 Mar 2030 / Tax or Capital Disqualification Event at any time / Par Every 5 years after first call Every 5 years after first call Every 5 years after first call Every 5 years after first call Every 5 years after first call Fixed to floating Fixed to floating Fixed to floating Fixed to floating Fixed to floating From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. From 09/09/2031 rate resets from fixed 4.700% to U.S. Treasury Rate ("UST") + 3.250%, resettable every 5 years. From 07/09/2028 rate resets from fixed 8.000% to U.S. Treasury Rate ("UST") + 3.858%, resettable every 5 years. From 14/12/2029 rate resets from fixed 5.250% to 5- year SORA-OIS + 2.237% From 11/03/2030 rate resets from fixed 6.875% to U.S. Treasury Rate ("UST") + 3.298%, resettable every 5 years. No No No No No Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary No No No No No Non-cumulative Non-cumulative Non-cumulative Non-cumulative Non-cumulative Convertible Convertible Convertible Convertible Convertible 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Always convert fully Always convert fully Always convert fully Always convert fully Always convert fully USD 3.7703 per Conversion Share USD 3.7703 per Conversion Share USD 3.2554 per Conversion Share SGD 4.6481 per Conversion Share USD 3.55 per Conversion Share Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments No No No No No N/A N/A N/A N/A N/A - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CP20 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CQ03 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DT33 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2764959842 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EH85 Page 5
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1 2 2a 3 3a 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Counts towards own funds and MREL requirements: AT1 Regulatory treatment Coupons / dividends Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings¹ Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc US404280EJ42 US404280EV79 XS3023923314 US404280FA24 Public Public Public Public Laws of the State of New York, save for the subordination and waiver of set-off provisions Laws of the State of New York, save for the subordination and waiver of set-off provisions English law Laws of the State of New York, save for the subordination and waiver of set-off provisions Yes Yes Yes Yes Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Additional Tier 1 Consolidated Consolidated Consolidated Consolidated Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities Perpetual Subordinated Contingent Convertible Securities USD 1,148m USD 1,497m USD 602m USD 1,997m USD 1,150m USD 1,500m SGD 800m (USD 622m) USD 2,000m 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Shareholders' equity Shareholders' equity Shareholders' equity Shareholders' equity 11 Sep 2024 27 Feb 2025 24 Mar 2025 05 Jun 2025 Perpetual Perpetual Perpetual Perpetual - - - - Yes Yes Yes Yes From 6 months prior to 11 Sep 2034 / Tax or Capital Disqualification Event at any time / Par From 6 months prior to 27 Feb 2032 / Tax or Capital Disqualification Event at any time / Par From 6 months prior to 24 Sep 2030 / Tax or Capital Disqualification Event at any time / Par From 6 months prior to 05 Dec 2030 / Residual Call or Tax or Capital Disqualification Event at any time / Par Every 5 years after first call Every 5 years after first call Every 5 years after first call Every 5 years after first call Fixed to floating Fixed to floating Fixed to floating Fixed to floating From 11/09/2034 rate resets from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, resettable every 5 years. From 27/02/2032 rate resets from fixed 6.950% to U.S. Treasury Rate ("UST") + 2.635%, resettable every 5 years. From 24/09/2030 rate resets from fixed 5.000% to 5- year SORA-OIS + 2.705% From 05/12/2030 rate resets from fixed 7.050% to U.S. Treasury Rate ("UST") + 2.987%, resettable every 5 years. No No No No Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary Fully Discretionary No No No No Non-cumulative Non-cumulative Non-cumulative Non-cumulative Convertible Convertible Convertible Convertible 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition 7% CET1: Contractual. Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Always convert fully Always convert fully Always convert fully Always convert fully USD 3.55 per Conversion Share USD 3.4147 per Conversion Share SGD 4.6675 per Conversion Share USD 3.6437 per Conversion Share Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events Mandatory upon the occurrence of certain events Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A N/A N/A 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes 2 - Preference shares, AT1 instruments and certain Subordinated Notes Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments Immediately subordinate to Tier 2 instruments No No No No N/A N/A N/A N/A - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EJ42 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EV79 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS3023923314 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280FA24 Page 6
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1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc 2 XS0159497162 XS0356452929 XS0387079907 XS0498768315 US404280AQ21 2a Public Public Public Public Public 3 English law English law English law English law Laws of the State of New York, save for the subordination provision and consent to the exercise of UK bail-in power 3a No No No No Yes Regulatory treatment 4 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 5 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 6 Consolidated Consolidated Consolidated Consolidated Consolidated 7 Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated 8 USD 331m USD 1,044m USD 497m USD 1,167m USD 1,190m 9 GBP 650m (USD 872m) GBP 750m (USD 1,006m) GBP 650m (USD 872m) GBP 900m (USD 1,207m) USD 1,500m UK-9a 99.901% 99.649% ³ 99.475% 99.801% 98.912% UK-9b 100.000% 100.000% 100.000% 100.000% 100.000% 10 Liability - fair value Liability - amortised cost Liability - amortised cost Liability - amortised cost Liability - amortised cost 11 20 Dec 2002 07 Apr 2008 11 Sep 2008 29 Mar 2010 12 Mar 2014 12 Dated Dated Dated Dated Dated 13 20 Dec 2027 07 Apr 2038 11 Sep 2028 29 Mar 2040 14 Mar 2044 14 Yes Yes Yes Yes Yes 15 Tax Event at any time / Par Tax Event at any time / Par Tax Event at any time / Par Tax Event at any time / Par Tax or Capital Disqualification Event at any time / Par 16 N/A N/A N/A N/A N/A Coupons / dividends 17 Fixed Fixed Fixed Fixed Fixed 18 5.750% 7.000% 6.750% 6.000% 5.250% 19 No No No No No UK-20a Mandatory Mandatory Mandatory Mandatory Mandatory UK-20b Mandatory Mandatory Mandatory Mandatory Mandatory 21 No No No No No 22 Cumulative Cumulative Cumulative Cumulative Cumulative 23 Convertible Convertible Convertible Convertible Convertible 24 Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 25 May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially 26 To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion 27 Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions 28 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 29 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc 30 Yes Yes Yes Yes Yes 31 Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 32 May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially 33 Permanent Permanent Permanent Permanent Permanent 34 N/A N/A N/A N/A N/A 34a N/A N/A N/A N/A N/A UK-34b 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 35 Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors 36 No No No No No 37 N/A N/A N/A N/A N/A - - - - - 37a https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS0159497162 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS0356452929 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS0387079907 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS0498768315 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280AQ21 ³ Tranche 1 issued at 99.649% on 07 Apr 2008, Tranche 2 issued at 109.531% on 11 Jun 2008. ¹ On 19 February 2025, HSBC Holdings plc announced that it will no longer count the securities US404280AF65, US404280AE90, US404280AG49, US404280AH22 and US404280AJ87 as Tier 2 instruments for UK CRR purposes, or towards its minimum requirement for own funds and eligible liabilities. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Counts towards own funds and MREL requirements: Tier 2 Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into Page 7
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it will no longer count the securities US404280AF65, US404280AE90, US404280AG49, US404280AH22 and US404280AJ87 as Tier 2 instruments for UK CRR purposes, or towards its minimum requirement for own funds and eligible liabilities. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Counts towards own funds and MREL requirements: Tier 2 Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc XS1428953407 US404280BH13 US404280DC08 XS2491654179 JP582666DN91 Public Public Public Public Public English law Laws of the State of New York, save for the subordination provision Laws of the State of New York, save for the subordination provision English law Japanese law, save for the subordination provision No Yes Yes Yes Yes Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Consolidated Consolidated Consolidated Consolidated Consolidated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated USD 531m USD 147m USD 1,866m USD 728m USD 76m EUR 1,000m (USD 1,173m) USD 892m USD 2,000m SGD 900m (USD 700m) JPY 11,900m (USD 76m) 99.832% 99.992% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - fair value Liability - fair value Liability - amortised cost Liability - fair value Liability - fair value 07 Jun 2016 23 Nov 2016 29 Mar 2022 27 Jun 2022 15 Sep 2022 Dated Dated Dated Dated Dated 07 Jun 2028 23 Nov 2026 29 Mar 2033 27 Jun 2032 15 Sep 2032 Yes Yes Yes Yes Yes Tax or Capital Disqualification Event at any time / Par Tax or Capital Disqualification Event at any time / Par 29 Mar 2032 / Tax or Capital Disqualification Event at any time / Par 27 Jun 2027 / Tax or Capital Disqualification Event at any time / Par 15 Sep 2027 / Tax or Capital Disqualification Event at any time / Par N/A N/A N/A N/A N/A Fixed Fixed Fixed to Floating Fixed to floating Fixed to floating 3.125% 4.375% From 29/03/2032 rate changes from fixed 4.762% to SOFR + 2.530% From 27/06/2027 rate resets from fixed 5.250% to 5 year SORA OIS + 2.426% From 16/09/2027 rate resets from fixed 2.500% to JPY 5-year TONA Tokyo Swap Rate + 2.292% No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors No No No No No N/A N/A N/A N/A N/A - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS1428953407 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280BH13 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DC08 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2491654179 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=JP582666DN91 Page 8
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it will no longer count the securities US404280AF65, US404280AE90, US404280AG49, US404280AH22 and US404280AJ87 as Tier 2 instruments for UK CRR purposes, or towards its minimum requirement for own funds and eligible liabilities. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Counts towards own funds and MREL requirements: Tier 2 Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc US404280DJ50 US404280DK24 US404280DL07 US404280DM89 US404280DN62 Public Public Public Public Public Laws of the State of New York, save for the subordination provision Laws of the State of New York, save for the subordination provision Laws of the State of New York, save for the subordination provision Laws of the State of New York, save for the subordination provision Laws of the State of New York, save for the subordination provision Yes Yes Yes Yes Yes Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Consolidated Consolidated Consolidated Consolidated Consolidated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated USD 98m USD 226m USD 564m USD 996m USD 524m USD 97m USD 223m USD 569m USD 985m USD 539m 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - amortised cost Liability - amortised cost Liability - amortised cost Liability - amortised cost Liability - amortised cost 16 Sep 2022 16 Sep 2022 16 Sep 2022 16 Sep 2022 16 Sep 2022 Dated Dated Dated Dated Dated 27 Nov 2032 17 May 2032 02 May 2036 15 Sep 2037 01 Jun 2038 Yes Yes Yes Yes Yes Tax Event at any time / Par Tax Event at any time / Par Tax Event at any time / Par Tax Event at any time / Par Tax Event at any time / Par N/A N/A N/A N/A N/A Fixed Fixed Fixed Fixed Fixed 7.350% 7.625% 6.500% 6.500% 6.800% No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors No No No No No N/A N/A N/A N/A N/A - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DJ50 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DK24 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DL07 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DM89 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DN62 Page 9
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it will no longer count the securities US404280AF65, US404280AE90, US404280AG49, US404280AH22 and US404280AJ87 as Tier 2 instruments for UK CRR purposes, or towards its minimum requirement for own funds and eligible liabilities. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Counts towards own funds and MREL requirements: Tier 2 Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc US404280DS59 XS2553547444 XS2553549903 XS2595720967 US404280DX45 Public Public Public Public Public Laws of the State of New York, save for the subordination provision English law English law English law Laws of the State of New York, save for the subordination provision Yes Yes Yes Yes Yes Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Consolidated Consolidated Consolidated Consolidated Consolidated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated USD 2,041m USD 1,497m USD 1,375m USD 833m USD 1,982m USD 2,000m EUR 1,250m (USD 1,466m) GBP 1,000m (USD 1,341m) SGD 1,000m (USD 777m) USD 2,000m 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - amortised cost Liability - amortised cost Liability - fair value Liability - fair value Liability - amortised cost 03 Nov 2022 16 Nov 2022 16 Nov 2022 14 Mar 2023 20 Jun 2023 Dated Dated Dated Dated Dated 03 Nov 2033 16 Nov 2032 16 Nov 2034 14 Mar 2033 20 Jun 2034 Yes Yes Yes Yes Yes 03 Nov 2032 / Tax or Capital Disqualification Event at any time / Par 16 Nov 2027 / Tax or Capital Disqualification Event at any time / Par From 3 months prior to 16 Aug 2029 / Tax or Capital Disqualification Event at any time / Par 14 Mar 2028 / Tax or Capital Disqualification Event at any time / Par 20 Jun 2033 / Tax or Capital Disqualification Event at any time / Par N/A N/A N/A N/A N/A Fixed to floating Fixed to floating Fixed to floating Fixed to floating Fixed to floating From 03/11/2032 rate changes from fixed 8.113% to SOFR + 4.250% From 16/11/2027 rate resets from fixed 6.364% to 5- year EUR Mid-Market Swap Rate + 3.300% From 16/11/2029 rate resets from fixed 8.201% to Benchmark Gilt rate + 4.550% From 14/03/2028 rate resets from fixed 5.300% to 5 year SORA OIS + 1.850% From 20/06/2033 rate changes from fixed 6.547% to SOFR + 2.980% No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors No No No No No N/A N/A N/A N/A N/A - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DS59 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2553547444 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2553549903 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2595720967 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DX45 Page 10
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it will no longer count the securities US404280AF65, US404280AE90, US404280AG49, US404280AH22 and US404280AJ87 as Tier 2 instruments for UK CRR purposes, or towards its minimum requirement for own funds and eligible liabilities. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Counts towards own funds and MREL requirements: Tier 2 Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc XS2679876453 US404280EC98 XS2778366885 AU3CB0307890 AU3FN0085726 Public Public Public Public Public English law Laws of the State of New York, save for the subordination provision English law Laws of New South Wales, Australia, save for the status and waiver of set-off provisions Laws of New South Wales, Australia, save for the status and waiver of set-off provisions Yes Yes Yes Yes Yes Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Consolidated Consolidated Consolidated Consolidated Consolidated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated USD 565m USD 2,106m USD 622m USD 589m USD 434m SGD 675m (USD 525m) USD 2,000m SGD 750m (USD 583m) AUD 850m (USD 567m) AUD 650m (USD 433m) 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - fair value Liability - amortised cost Liability - fair value Liability - fair value Liability - amortised cost 26 Sep 2023 13 Nov 2023 12 Mar 2024 21 Mar 2024 21 Mar 2024 Dated Dated Dated Dated Dated 26 Mar 2034 13 Nov 2034 12 Sep 2034 21 Mar 2034 21 Mar 2034 Yes Yes Yes Yes Yes 26 Mar 2029 / Tax or Capital Disqualification Event at any time / Par 13 Nov 2033 / Tax or Capital Disqualification Event at any time / Par 12 Sep 2029 / Tax or Capital Disqualification Event at any time / Par 21 Mar 2029 / Tax or Capital Disqualification Event at any time / Par 21 Mar 2029 / Tax or Capital Disqualification Event at any time / Par N/A N/A N/A N/A N/A Fixed to floating Fixed to floating Fixed to floating Fixed to floating Floating From 26/03/2029 rate resets from fixed 5.300% to 5 year SORA OIS + 2.000% From 13/11/2033 rate changes from fixed 7.399% to SOFR + 3.020% From 12/09/2029 rate resets from fixed 4.750% to 5 year SORA OIS + 1.802% From 21/03/2029 rate changes from fixed 6.211% to 3 month BBSW + 2.300% 3 month BBSW + 2.300% No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors No No No No No N/A N/A N/A N/A N/A - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2679876453 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EC98 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2778366885 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=AU3CB0307890 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=AU3FN0085726 Page 11
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it will no longer count the securities US404280AF65, US404280AE90, US404280AG49, US404280AH22 and US404280AJ87 as Tier 2 instruments for UK CRR purposes, or towards its minimum requirement for own funds and eligible liabilities. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Counts towards own funds and MREL requirements: Tier 2 Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc XS2788605660 US404280EL97 AU3CB0319473 AU3FN0096483 XS3073350269 Public Public Public Public Public English law Laws of the State of New York, save for the subordination and waiver of set-off provisions Laws of New South Wales, Australia, save for the status and waiver of set-off provisions Laws of New South Wales, Australia, save for the status and waiver of set-off provisions English law Yes Yes Yes Yes Yes Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Consolidated Consolidated Consolidated Consolidated Consolidated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated USD 1,225m USD 1,790m USD 374m USD 634m USD 1,487m EUR 1,000m (USD 1,173m) USD 1,750m AUD 550m (USD 367m) AUD 950m (USD 633m) EUR 1,250m (USD 1,466m) 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - amortised cost Liability - amortised cost Liability - fair value Liability - amortised cost Liability - amortised cost 22 Mar 2024 18 Nov 2024 11 Mar 2025 11 Mar 2025 19 May 2025 Dated Dated Dated Dated Dated 22 Mar 2035 18 Nov 2035 11 Mar 2035 11 Mar 2035 19 May 2036 Yes Yes Yes Yes Yes From 3 months prior to 22 Mar 2030 / Tax or Capital Disqualification Event at any time / Par 18 Nov 2034 / Tax or Capital Disqualification Event at any time / Par 11 Mar 2030 / Tax or Capital Disqualification Event at any time / Par 11 Mar 2030 / Tax or Capital Disqualification Event at any time / Par From 3 months prior to 19 May 2031 / Tax or Capital Disqualification Event at any time / Par N/A N/A N/A N/A N/A Fixed to floating Fixed to floating Fixed to floating Floating Fixed to floating From 22/03/2030 rate resets from fixed 4.599% to 5- year EUR Mid-Market Swap Rate + 1.850% From 18/11/2034 rate changes from fixed 5.874% to SOFR + 1.900% From 11/03/2030 rate changes from fixed 5.722% to 3 month BBSW + 1.870% 3 month BBSW + 1.870% From 19/05/2031 rate resets from fixed 4.191% to 5- year EUR Mid-Market Swap Rate + 1.830% No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes 3 - Subordinated notes Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors No No No No No N/A N/A N/A N/A N/A - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2788605660 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EL97 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=AU3CB0319473 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=AU3FN0096483 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS3073350269 Page 12
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it will no longer count the securities US404280AF65, US404280AE90, US404280AG49, US404280AH22 and US404280AJ87 as Tier 2 instruments for UK CRR purposes, or towards its minimum requirement for own funds and eligible liabilities. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Counts towards own funds and MREL requirements: Tier 2 Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc US404280FB07 Public Laws of the State of New York, save for the subordination and waiver of set-off provisions Yes Tier 2 Tier 2 Consolidated Tier 2 Subordinated USD 1,520m USD 1,500m 100.000% 100.000% Liability - amortised cost 10 Sep 2025 Dated 10 Sep 2036 Yes 10 Sep 2035 / Residual Call or Tax or Capital Disqualification Event at any time / Par N/A Fixed to floating From 10/09/2035 rate changes from fixed 5.741% to SOFR + 1.960% No Mandatory Mandatory No Cumulative Convertible Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially To be determined at conversion Mandatory upon satisfaction of certain conditions Common Equity Tier 1 HSBC Holdings plc Yes Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially Permanent N/A N/A 3 - Subordinated notes Immediately subordinate to senior creditors No N/A - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280FB07 Page 13
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1 HSBC Bank USA, National Association HSBC Bank USA, National Association HSBC Bank USA, National Association HSBC Bank plc HSBC Bank plc HSBC Bank plc 2 US4042Q1AA55 US4042Q1AB39 US4042Q1AD94 XS0120514335 XS0174470764 XS0247840969 2a Public Public Public Public Public Public 3 Laws of the State of New York Laws of the State of New York Laws of the State of New York English law English law English law 3a Yes Yes Yes No No No Regulatory treatment 4 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 5 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 6 Solo, sub-consolidated and consolidated Solo, sub-consolidated and consolidated Solo, sub-consolidated and consolidated Solo, sub-consolidated and consolidated Solo, sub-consolidated and consolidated Solo, sub-consolidated and consolidated 7 Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated Tier 2 Subordinated 8 USD 350m USD 407m USD 722m USD 71m USD 211m USD 226m 9 USD 357m USD 383m USD 700m GBP 70m (USD 94m) GBP 157m (USD 210m) GBP 237m (USD 318m) UK-9a 99.468% 99.255% 98.797% 99.043% ³ 98.825% 98.507% UK-9b 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 10 Liability - fair value Liability - fair value Liability - amortised cost Liability - amortised cost Liability - fair value Liability - amortised cost 11 25 Oct 2004 17 Aug 2005 18 Jun 2008 30 Nov 2000 22 Aug 2003 24 Mar 2006 12 Dated Dated Dated Dated Dated Dated 13 01 Nov 2034 15 Aug 2035 15 Jan 2039 30 Jan 2041 22 Aug 2033 24 Mar 2046 14 Yes Yes Yes Yes Yes Yes 15 Tax event at any time / Par Tax event at any time / Par Tax event at any time / Par Tax event at any time / Par Tax event at any time / Par Tax event at any time / Par 16 N/A N/A N/A N/A N/A N/A 17 Fixed Fixed Fixed Fixed Fixed Fixed 18 5.875% 5.625% 7.000% 6.250% 5.375% 4.750% 19 No No No No No No UK-20a Partially discretionary Partially discretionary Partially discretionary Mandatory Mandatory Mandatory UK-20b Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory 21 No No No No No No 22 Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative 23 Convertible Convertible Convertible Convertible Convertible Convertible 24 Triggers to statutory resolution authority under 12 U.S.C § 1821 – FDIC as receiver Triggers to statutory resolution authority under 12 U.S.C § 1821 – FDIC as receiver Triggers to statutory resolution authority under 12 U.S.C § 1821 – FDIC as receiver Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA 25 May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially 26 To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion 27 Optional Optional Optional Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions 28 To be determined at conversion To be determined at conversion To be determined at conversion Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 29 To be determined at conversion To be determined at conversion To be determined at conversion HSBC Bank plc HSBC Bank plc HSBC Bank plc 30 Yes Yes Yes Yes Yes Yes 31 Triggers to statutory resolution under Section 11(d) of the Federal Deposit Insurance Act – FDIC as receiver – Statutory and contractual recognition Triggers to statutory resolution under Section 11(d) of the Federal Deposit Insurance Act – FDIC as receiver – Statutory and contractual recognition Triggers to statutory resolution under Section 11(d) of the Federal Deposit Insurance Act – FDIC as receiver – Statutory and contractual recognition Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power and mandatory write- down/conversion of capital instruments power under UK Banking Act 2009 – UK BoE/PRA 32 May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially 33 Permanent Permanent Permanent Permanent Permanent Permanent 34 N/A N/A N/A N/A N/A N/A 34a N/A N/A N/A N/A N/A N/A UK-34b 3 - Subordinated loans 3 - Subordinated loans 3 - Subordinated loans 4 - Subordinated notes and subordinated loans 4 - Subordinated notes and subordinated loans 4 - Subordinated notes and subordinated loans 35 Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors Immediately subordinate to senior creditors 36 No No No Yes Yes Yes 37 N/A N/A N/A N/A N/A N/A See footnote See footnote See footnote See footnote See footnote See footnote 37a https://www.hsbc.com/investors/fixed-income- investors/final-terms-and- supplements/subsidiaries?page=1&take=20&isin=U S4042Q1AA55 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and- supplements/subsidiaries?page=1&take=20&isin=U S4042Q1AB39 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and- supplements/subsidiaries?page=1&take=20&isin=U S4042Q1AD94 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and- supplements/subsidiaries?page=1&take=20&isin=X S0120514335 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and- supplements/subsidiaries?page=1&take=20&isin=X S0174470764 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and- supplements/subsidiaries?page=1&take=20&isin=X S0247840969 ³ Tranche 1 issued at 99.043% on 30 Nov 2000, Tranche 2 issued at 102.328% on 23 Feb 2001. ¹ Regulatory Values are before adjustments for the Disallowed Non-Controlling Interests which are not done at instrument level. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)¹ Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If yes, specify non-compliant features Counts towards own funds (but does not count towards MREL requirements): Tier 2 Link to the full terms and conditions of the instrument (signposting) If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If convertible, specify issuer of instrument it converts into Write-down features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If convertible, conversion trigger(s) If convertible, fully or partially Page 14
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1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc 2 XS1379184473 XS1473485925 XS1481198213 XS1481811872 US404280BK42 US404280BT50 2a Public Public Public Public Public Public 3 English law English law English law English law Laws of the State of New York Laws of the State of New York 3a No No No No Yes Yes Regulatory treatment 4 N/A N/A N/A N/A N/A N/A 5 N/A N/A N/A N/A N/A N/A 6 Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated 7 Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured 8 USD 891m USD 1,257m USD 581m USD 1,785m USD 2,494m USD 2,963m 9 EUR 760m (USD 891m) GBP 1,000m (USD 1,341m) NOK 5,900m (USD 585m) USD 2,000m USD 2,500m USD 3,000m UK-9a 99.630% 99.189% 100.000% ⁴ 100.000% 100.000% 100.000% UK-9b 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 10 Liability - fair value Liability - fair value Liability - fair value Liability - amortised cost Liability - fair value Liability - fair value 11 15 Mar 2016 16 Aug 2016 02 Sep 2016 08 Sep 2016 13 Mar 2017 19 Jun 2018 12 Dated Dated Dated Dated Dated Dated 13 15 Mar 2027 16 Aug 2028 02 Mar 2027 08 Sep 2036 13 Mar 2028 19 Jun 2029 14 Yes Yes Yes Yes Yes Yes 15 Tax Event at any time / Par Tax Event at any time / Par Tax Event at any time / Par Tax Event at any time / Par 13 Mar 2027 / Tax Event at any time / Par 19 Jun 2028 / Tax Event at any time / Par 16 N/A N/A N/A N/A N/A N/A Coupons / dividends 17 Fixed Fixed Fixed Fixed Fixed to floating Fixed to floating 18 2.500% 2.625% 3.100% 4.000% From 13/03/2027 rate changes from fixed 4.041% to 3 month Term SOFR + 1.808% ³ From 19/06/2028 rate changes from fixed 4.583% to 3 month Term SOFR + 1.796% ³ 19 No No No No No No UK-20a Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory UK-20b Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory 21 No No No No No No 22 Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative 23 Convertible Convertible Convertible Convertible Convertible Convertible 24 Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 25 May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially 26 To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion 27 Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions 28 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 29 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc 30 Yes Yes Yes Yes Yes Yes 31 Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition 32 May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially 33 Permanent Permanent Permanent Permanent Permanent Permanent 34 N/A N/A N/A N/A N/A N/A 34a Structural Structural Structural Structural Structural Structural UK-34b 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 35 N/A N/A N/A N/A N/A N/A 36 Yes Yes Yes Yes Yes Yes 37 Right to accelerate the future scheduled payment of interest or principal, other than in the case of the insolvency or liquidation of the resolution entity. Right to accelerate the future scheduled payment of interest or principal, other than in the case of the insolvency or liquidation of the resolution entity. Right to accelerate the future scheduled payment of interest or principal, other than in the case of the insolvency or liquidation of the resolution entity. Right to accelerate the future scheduled payment of interest or principal, other than in the case of the insolvency or liquidation of the resolution entity. Right to accelerate the future scheduled payment of interest or principal, other than in the case of the insolvency or liquidation of the resolution entity. Right to accelerate the future scheduled payment of interest or principal, other than in the case of the insolvency or liquidation of the resolution entity. Permanently Grandfathered Permanently Grandfathered Permanently Grandfathered Permanently Grandfathered Permanently Grandfathered Permanently Grandfathered 37a https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS1379184473 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS1473485925 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS1481198213 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS1481811872 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280BK42 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280BT50 ⁴ Tranche 1 issued at 100.000%, Tranche 2 issued at 99.132%, Tranche 3 issued at 99.307%. ³ Please refer to the announcement entitled "UPDATE ON USD LIBOR TRANSITION FOR HSBC HOLDINGS PLC SECURITIES" dated 22 June 2023 at (https://www.londonstockexchange.com/news- article/HSBA/update-on-usd-libor-transition-for-hsbc- securities/16011095) in respect of our update on USD LIBOR transition for HSBC Holdings plc securities. ³ Please refer to the announcement entitled "UPDATE ON USD LIBOR TRANSITION FOR HSBC HOLDINGS PLC SECURITIES" dated 22 June 2023 at (https://www.londonstockexchange.com/news- article/HSBA/update-on-usd-libor-transition-for-hsbc- securities/16011095) in respect of our update on USD LIBOR transition for HSBC Holdings plc securities. ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into Page 15
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc JP582666CJ98 XS1961843171 US404280CC17 XS2003500142 US404280CF48 US404280CH04 Public Public Public Public Public Public Japanese law Laws of the State of New York Laws of the State of New York Laws of the State of New York Laws of the State of New York Laws of the State of New York Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 426m USD 1,313m USD 2,890m USD 946m USD 2,491m USD 1,462m JPY 67,600m (USD 431m) GBP 1,000m (USD 1,341m) USD 3,000m GBP 750m (USD 1,006m) USD 2,500m USD 1,500m 100.000% 99.367% 100.000% 99.601% 99.875% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - fair value Liability - fair value Liability - fair value Liability - fair value Liability - amortised cost Liability - amortised cost 14 Sep 2018 12 Mar 2019 22 May 2019 29 May 2019 31 Mar 2020 04 Jun 2020 Dated Dated Dated Dated Dated Dated 14 Sep 2028 22 Jul 2028 22 May 2030 29 May 2030 31 Mar 2030 04 Jun 2031 Yes Yes Yes Yes Yes Yes 14 Sep 2027 / Tax or Loss Absorption Disqualification Event at any time / Par 22 Jul 2027 / Tax Event at any time / Par 22 May 2029 / Tax Event at any time / Par 29 May 2029 / Tax Event at any time / Par Tax Event at any time / Par 04 Jun 2030 / Tax Event at any time / Par N/A N/A N/A N/A N/A N/A Fixed to floating Fixed to floating Fixed to floating Fixed to floating Fixed Fixed to Floating From 14/09/2027 rate changes from fixed 0.924% to 1 year JPY Swap Offer Rate + 0.600% From 22/07/2027 rate changes from fixed 3.000% to GBP Mid-Market Swap Rate + 1.650% From 22/05/2029 rate changes from fixed 3.973% to 3 month Term SOFR + 1.872% ³ From 29/05/2029 rate changes from fixed 3.000% to GBP Mid-Market Swap Rate + 1.770% 4.950% From 04/06/2030 rate changes from fixed 2.848% to SOFR + 2.387% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A Yes No No No No No Right to accelerate the future scheduled payment of interest or principal, other than in the case of the insolvency or liquidation of the resolution entity. N/A N/A N/A N/A N/A Permanently Grandfathered - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=JP582666CJ98 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS1961843171 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CC17 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2003500142 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CF48 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CH04 ³ Please refer to the announcement entitled "UPDATE ON USD LIBOR TRANSITION FOR HSBC HOLDINGS PLC SECURITIES" dated 22 June 2023 at (https://www.londonstockexchange.com/news- article/HSBA/update-on-usd-libor-transition-for-hsbc- securities/16011095) in respect of our update on USD LIBOR transition for HSBC Holdings plc securities. Page 16
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc US404280CK33 US404280CL16 XS2251736992 US404280CM98 XS2322315727 US404280CT42 Public Public Public Public Public Public Laws of the State of New York Laws of the State of New York English law Laws of the State of New York Laws of the State of New York Laws of the State of New York Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 1,412m USD 1,992m USD 1,124m USD 533m USD 1,352m USD 2,669m USD 1,500m USD 2,000m EUR 1,000m (USD 1,173m) USD 534m GBP 1,000m (USD 1,341m) USD 3,000m 100.000% 100.000% 100.000% 100.000% 99.858% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - amortised cost Liability - amortised cost Liability - amortised cost Liability - amortised cost Liability - amortised cost Liability - fair value 18 Aug 2020 22 Sep 2020 13 Nov 2020 24 Nov 2020 24 Mar 2021 24 May 2021 Dated Dated Dated Dated Dated Dated 18 Aug 2031 22 Sep 2028 13 Nov 2031 24 May 2027 24 Jul 2027 24 May 2032 Yes Yes Yes Yes Yes Yes 18 Aug 2030 / Tax Event at any time / Par 22 Sep 2027 / Tax Event at any time / Par 13 Nov 2030 / Tax or Loss Absorption Disqualification Event at any time / Par 24 May 2026 / Tax Event at any time / Par 24 Jul 2026 (or 24 Sep 2021 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 24 May 2031 (or 24 Nov 2021 per Make Whole Call) / Tax Event at any time / Par or Make Whole Amount (as applicable) N/A N/A N/A N/A N/A or at any time to 24 Jul 2026 per Make Whole Call N/A or at any time to 24 May 2031 per Make Whole Call Fixed to Floating Fixed to Floating Fixed to Floating Fixed to Floating Fixed to floating Fixed to floating From 18/08/2030 rate changes from fixed 2.357% to SOFR + 1.947% From 22/09/2027 rate changes from fixed 2.013% to SOFR + 1.732% From 13/11/2030 rate changes from fixed 0.770% to 3 month Euribor + 1.034% From 24/05/2026 rate changes from fixed 1.589% to SOFR + 1.290% From 24/07/2026 rate changes from fixed 1.750% to Compounded Daily SONIA Rate + 1.307% From 24/05/2031 rate changes from fixed 2.804% to SOFR + 1.187% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CK33 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CL16 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2251736992 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CM98 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2322315727 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CT42 Page 17
Slide 18 — Page 18
1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc XS2349742119 XS2355184149 US404280CV97 XS2387729408 XS2388491289 CH1145096140 Private Public Public Public Public Public English law English law Laws of the State of New York English law English law English law Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 193m USD 401m USD 1,988m USD 227m USD 1,150m USD 379m HKD 1,500m (USD 193m) CNH 2,750m (USD 394m) USD 2,000m JPY 36,000m (USD 229m) EUR 1,000m (USD 1,173m) CHF 300m (USD 378m) 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - fair value Liability - amortised cost Liability - amortised cost Liability - fair value Liability - amortised cost Liability - fair value 03 Jun 2021 29 Jun 2021 17 Aug 2021 24 Sep 2021 24 Sep 2021 03 Nov 2021 Dated Dated Dated Dated Dated Dated 03 Jun 2027 29 Jun 2027 17 Aug 2029 24 Mar 2028 24 Sep 2029 03 Nov 2027 Yes Yes Yes Yes Yes Yes 03 Jun 2026 / Tax or Loss Absorption Disqualification Event at any time / Par 03 Jun 2026 / Tax or Loss Absorption Disqualification Event at any time / Par 17 Aug 2028 (or 17 Feb 2022 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 24 Mar 2027 / Tax or Loss Absorption Disqualification Event at any time / Par 24 Sep 2028 / Tax or Loss Absorption Disqualification Event at any time / Par 03 Nov 2026 / Tax or Loss Absorption Disqualification Event at any time / Par N/A N/A N/A or at any time to 17 Aug 2028 per Make Whole Call N/A N/A N/A Fixed Fixed Fixed to Floating Fixed to floating Fixed to Floating Fixed 1.550% 3.400% From 17/08/2028 rate changes from fixed 2.206% to SOFR + 1.285% From 24/03/2027 rate resets from fixed 0.459% to 1 year JGB rate + 0.554% From 24/09/2028 rate changes from fixed 0.641% to 3 month Euribor + 0.777% 0.320% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2349742119 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2355184149 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CV97 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2387729408 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2388491289 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=CH1145096140 Page 18
Slide 19 — Page 19
1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc CH1145096157 US404280CX53 US404280CY37 XS2419965905 XS2451774884 US404280DF39 Public Public Public Private Public Public English law Laws of the State of New York Laws of the State of New York English law English law Laws of the State of New York Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 343m USD 917m USD 1,572m USD 189m USD 270m USD 2,231m CHF 275m (USD 346m) USD 934m USD 1,750m EUR 186m (USD 218m) USD 415m USD 2,250m 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 104.500% 100.000% Liability - fair value Liability - fair value Liability - fair value Liability - fair value Liability - fair value Liability - amortised cost 03 Nov 2021 22 Nov 2021 22 Nov 2021 09 Dec 2021 18 Mar 2022 09 Jun 2022 Dated Dated Dated Dated Dated Dated 03 Nov 2031 22 Nov 2027 22 Nov 2032 09 Dec 2032 18 Mar 2052 09 Jun 2028 Yes Yes Yes Yes Yes Yes 03 Nov 2030 / Tax or Loss Absorption Disqualification Event at any time / Par 22 Nov 2026 (or 22 May 2022 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 22 Nov 2031 (or 22 May 2022 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 09 Dec 2031 (or 09 Jun 2022 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 18 Mar 2027 / Tax or Loss Absorption Disqualification Event at any time / Principal (sum of Original Principal of USD 415 million and the Accreted Principal Amount) Accreted Principal Amount means an amount equal to the product of 4.05% (compounded annually) being applied to USD 415 million. 09 Jun 2027 (or 09 Dec 2022 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) N/A N/A or at any time to 22 Nov 2026 per Make Whole Call N/A or at any time to 22 Nov 2031 per Make Whole Call N/A or at any time to 09 Dec 2031 per Make Whole Call Every year thereafter to 18 March 2051 N/A or at any time to 09 Jun 2027 per Make Whole Call Fixed Fixed to Floating Fixed to Floating Fixed to Floating Other coupon type Fixed to Floating 0.813% From 22/11/2026 rate changes from fixed 2.251% to SOFR + 1.100% From 22/11/2031 rate changes from fixed 2.871% to SOFR + 1.410% From 09/12/2031 rate changes from fixed 0.950% to 3 month Euribor + 0.838% Zero coupon rate with accrual yield of 4.050% From 09/06/2027 rate changes from fixed 4.755% to SOFR + 2.110% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=CH1145096157 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CX53 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280CY37 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2419965905 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2451774884 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DF39 Page 19
Slide 20 — Page 20
1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc XS2486589596 US404280DG12 US404280DH94 JP582666BN93 JP582666CN92 XS2539968037 Public Public Public Public Public Private English law Laws of the State of New York Laws of the State of New York Japanese law Japanese law English law Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 2,376m USD 2,264m USD 2,378m USD 261m USD 84m USD 91m EUR 2,000m (USD 2,345m) USD 2,250m USD 2,500m JPY 41,500m (USD 264m) JPY 13,900m (USD 89m) EUR 75m (USD 88m) 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - fair value Liability - amortised cost Liability - amortised cost Liability - fair value Liability - fair value Liability - amortised cost 15 Jun 2022 11 Aug 2022 11 Aug 2022 15 Sep 2022 15 Sep 2022 30 Sep 2022 Dated Dated Dated Dated Dated Dated 15 Jun 2027 11 Aug 2028 11 Aug 2033 15 Sep 2028 15 Sep 2032 30 Sep 2032 Yes Yes Yes Yes Yes Yes 15 Jun 2026 (or 15 Dec 2022 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 11 Aug 2027 (or 11 Feb 2023 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 11 Aug 2032 (or 11 Feb 2023 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 15 Sep 2027 / Tax or Loss Absorption Disqualification Event at any time / Par 15 Sep 2031 / Tax or Loss Absorption Disqualification Event at any time / Par 30 Mar 2023 per Make Whole Call / Tax or Loss Absorption Disqualification Event at any time / Make Whole Amount N/A or at any time to 15 Jun 2026 per Make Whole Call N/A or at any time to 11 Aug 2027 per Make Whole Call N/A or at any time to 11 Aug 2032 per Make Whole Call N/A N/A N/A or at any time to 30 Mar 2023 per Make Whole Call Fixed to Floating Fixed to floating Fixed to floating Fixed to floating Fixed to floating Fixed From 15/06/2026 rate changes from fixed 3.019% to 3 month Euribor + 1.445% From 11/08/2027 rate changes from fixed 5.210% to SOFR + 2.610% From 11/08/2032 rate changes from fixed 5.402% to SOFR + 2.870% From 16/09/2027 rate resets from fixed 1.958% to JPY 1-year TONA Tokyo Swap Rate + 1.750% From 16/09/2031 rate resets from fixed 2.250% to JPY 1-year TONA Tokyo Swap Rate + 1.850% 4.872% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2486589596 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DG12 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DH94 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=JP582666BN93 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=JP582666CN92 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2539968037 Page 20
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc US404280DR76 XS2594999174 US404280DU06 US404280DV88 US404280DW61 XS2597113989 Public Private Public Public Public Public Laws of the State of New York English law Laws of the State of New York Laws of the State of New York Laws of the State of New York English law Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 2,297m USD 149m USD 2,069m USD 2,330m USD 2,682m USD 1,851m USD 2,250m USD 150m USD 2,000m USD 2,250m USD 2,750m EUR 1,500m (USD 1,759m) 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - fair value Liability - amortised cost Liability - amortised cost Liability - fair value Liability - fair value Liability - amortised cost 03 Nov 2022 03 Mar 2023 09 Mar 2023 09 Mar 2023 09 Mar 2023 10 Mar 2023 Dated Dated Dated Dated Dated Dated 03 Nov 2028 03 Mar 2036 09 Mar 2029 09 Mar 2034 09 Mar 2044 10 Mar 2028 Yes Yes Yes Yes Yes Yes 03 Nov 2027 (or 03 May 2023 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 03 Sep 2023 per Make Whole Call / Tax or Loss Absorption Disqualification Event at any time / Make Whole Amount 09 Mar 2028 (or 09 Sep 2023 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 09 Mar 2033 (or 09 Sep 2023 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 09 Mar 2043 (or 09 Sep 2023 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 10 Mar 2027 (or 10 Sep 2023 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) N/A or at any time to 03 Nov 2027 per Make Whole Call N/A or at any time to 03 Sep 2023 per Make Whole Call N/A or at any time to 09 Mar 2028 per Make Whole Call N/A or at any time to 09 Mar 2033 per Make Whole Call N/A or at any time to 09 Mar 2043 per Make Whole Call N/A or at any time to 10 Mar 2027 per Make Whole Call Fixed to floating Fixed Fixed to floating Fixed to floating Fixed to floating Fixed to Floating From 03/11/2027 rate changes from fixed 7.390% to SOFR + 3.350% 5.796% From 09/03/2028 rate changes from fixed 6.161% to SOFR + 1.970% From 09/03/2033 rate changes from fixed 6.254% to SOFR + 2.390% From 09/03/2043 rate changes from fixed 6.332% to SOFR + 2.650% From 10/03/2027 rate changes from fixed 4.752% to 3 month Euribor + 1.290% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DR76 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2594999174 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DU06 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DV88 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DW61 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2597113989 Page 21
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc XS2597114284 XS2599142648 XS2621539910 XS2630484744 XS2642404177 US404280DY28 Public Private Public Public Private Public English law English law English law English law English law Laws of the State of New York Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 1,565m USD 164m USD 2,138m USD 487m USD 99m USD 705m EUR 1,250m (USD 1,466m) EUR 135m (USD 158m) EUR 1,750m (USD 2,052m) SGD 600m (USD 466m) EUR 85m (USD 100m) USD 700m 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - amortised cost Liability - amortised cost Liability - amortised cost Liability - fair value Liability - fair value Liability - amortised cost 10 Mar 2023 16 Mar 2023 23 May 2023 07 Jun 2023 30 Jun 2023 14 Aug 2023 Dated Dated Dated Dated Dated Dated 10 Mar 2032 16 Mar 2040 23 May 2033 07 Jun 2029 30 Jun 2043 14 Aug 2027 Yes Yes Yes Yes Yes Yes 10 Mar 2031 (or 10 Sep 2023 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 16 Sep 2023 per Make Whole Call / Tax or Loss Absorption Disqualification Event at any time / Make Whole Amount 23 May 2032 (or 23 Nov 2023 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 07 Jun 2028 / Tax or Loss Absorption Disqualification Event at any time / Par 30 Jun 2030 / Tax or Loss Absorption Disqualification Event at any time / Par 14 Aug 2026 / Tax or Loss Absorption Disqualification Event at any time / Par N/A or at any time to 10 Mar 2031 per Make Whole Call N/A or at any time to 16 Sep 2023 per Make Whole Call N/A or at any time to 23 May 2032 per Make Whole Call N/A N/A N/A Fixed to Floating Fixed Fixed to Floating Fixed to floating Fixed Floating From 10/03/2031 rate changes from fixed 4.787% to 3 month Euribor + 1.550% 4.816% From 23/05/2032 rate changes from fixed 4.856% to 3 month Euribor + 1.943% From 07/06/2028 rate resets from fixed 4.500% to 1 year SORA OIS + 1.492% 5.150% SOFR + 1.570% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2597114284 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2599142648 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2621539910 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2630484744 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2642404177 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DY28 Page 22
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc US404280DZ92 XS2685873908 XS2695747985 US404280ED71 US404280EE54 US404280EF20 Public Public Private Public Public Public Laws of the State of New York Laws of the State of New York English law Laws of the State of New York Laws of the State of New York Laws of the State of New York Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 2,362m USD 1,427m USD 76m USD 1,556m USD 1,290m USD 1,899m USD 2,300m GBP 1,000m (USD 1,341m) EUR 65m (USD 76m) USD 1,500m USD 1,250m USD 1,850m 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - fair value Liability - fair value Liability - fair value Liability - amortised cost Liability - amortised cost Liability - fair value 14 Aug 2023 14 Sep 2023 29 Sep 2023 04 Mar 2024 04 Mar 2024 17 May 2024 Dated Dated Dated Dated Dated Dated 14 Aug 2027 14 Sep 2031 29 Sep 2043 04 Mar 2030 04 Mar 2035 17 May 2028 Yes Yes Yes Yes Yes Yes 14 Aug 2026 (or 14 Feb 2024 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 14 Sep 2030 (or 14 Mar 2024 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 29 Sep 2033 / Tax or Loss Absorption Disqualification Event at any time / Par 04 Mar 2029 (or 04 Sep 2024 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 04 Mar 2034 (or 04 Sep 2024 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 17 May 2027 (or 17 Nov 2024 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) N/A or at any time to 14 Aug 2026 per Make Whole Call N/A or at any time to 14 Sep 2030 per Make Whole Call N/A N/A or at any time to 04 Mar 2029 per Make Whole Call N/A or at any time to 04 Mar 2034 per Make Whole Call N/A or at any time to 17 May 2027 per Make Whole Call Fixed to floating Fixed to floating Fixed Fixed to floating Fixed to floating Fixed to floating From 14/08/2026 rate changes from fixed 5.887% to SOFR + 1.570% From 14/09/2030 rate changes from fixed 6.800% to Compounded Daily SONIA Rate + 2.124% 5.240% From 04/03/2029 rate changes from fixed 5.546% to SOFR + 1.460% From 04/03/2034 rate changes from fixed 5.719% to SOFR + 1.780% From 17/05/2027 rate changes from fixed 5.597% to SOFR + 1.060% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280DZ92 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2685873908 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2695747985 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280ED71 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EE54 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EF20 Page 23
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc US404280EG03 XS2817916484 XS2898731471 XS2904540775 XS2904541070 US404280EK15 Public Public Public Public Public Public Laws of the State of New York English law English law English law English law Laws of the State of New York, save for the waiver of set-off provision Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 1,452m USD 1,527m USD 1,016m USD 1,762m USD 1,712m USD 502m USD 1,400m EUR 1,250m (USD 1,466m) GBP 750m (USD 1,006m) EUR 1,500m (USD 1,759m) EUR 1,500m (USD 1,759m) USD 500m 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - amortised cost Liability - fair value Liability - fair value Liability - amortised cost Liability - amortised cost Liability - amortised cost 17 May 2024 20 May 2024 16 Sep 2024 25 Sep 2024 25 Sep 2024 19 Nov 2024 Dated Dated Dated Dated Dated Dated 17 May 2032 20 May 2029 16 Sep 2032 25 Sep 2030 25 Sep 2035 19 Nov 2028 Yes Yes Yes Yes Yes Yes 17 May 2031 (or 17 Nov 2024 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 20 May 2028 (or 20 Nov 2024 per Make Whole Call)/ Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 16 Sep 2031 (or 16 Mar 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 25 Sep 2029 (or 25 Mar 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 25 Sep 2034 (or 25 Mar 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 19 Nov 2027 / Tax or Loss Absorption Disqualification Event at any time / Par N/A or at any time to 17 May 2031 per Make Whole Call N/A or at any time to 20 May 2028 per Make Whole Call N/A or at any time to 16 Sep 2031 per Make Whole Call N/A or at any time to 25 Sep 2029 per Make Whole Call N/A or at any time to 25 Sep 2034 per Make Whole Call N/A Fixed to floating Fixed to floating Fixed to floating Fixed to Floating Fixed to Floating Floating From 17/05/2031 rate changes from fixed 5.733% to SOFR + 1.520% From 20/05/2028 rate changes from fixed 3.755% to 3 month Euribor + 0.860% From 16/09/2031 rate changes from fixed 5.290% to Compounded Daily SONIA Rate + 1.730% From 25/09/2029 rate changes from fixed 3.445% to 3 month Euribor + 1.189% From 25/09/2034 rate changes from fixed 3.834% to 3 month Euribor + 1.458% SOFR + 1.040% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EG03 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2817916484 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2898731471 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2904540775 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS2904541070 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EK15 Page 24
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc US404280EM70 US404280EN53 US404280EP02 US404280EQ84 US404280ER67 US404280ES41 Public Public Public Public Public Public Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 1,526m USD 2,306m USD 502m USD 1,545m USD 1,819m USD 2,300m USD 1,500m USD 2,250m USD 500m USD 1,500m USD 1,750m USD 2,250m 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - amortised cost Liability - amortised cost Liability - amortised cost Liability - fair value Liability - fair value Liability - amortised cost 19 Nov 2024 19 Nov 2024 19 Nov 2024 03 Mar 2025 03 Mar 2025 03 Mar 2025 Dated Dated Dated Dated Dated Dated 19 Nov 2028 19 Nov 2030 19 Nov 2030 03 Mar 2029 03 Mar 2031 03 Mar 2036 Yes Yes Yes Yes Yes Yes 19 Nov 2027 (or 19 May 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 19 Nov 2029 (or 19 May 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 19 Nov 2029 / Tax or Loss Absorption Disqualification Event at any time / Par 03 Mar 2028 (or 03 Sep 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 03 Mar 2030 (or 03 Sep 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 03 Mar 2035 (or 03 Sep 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) N/A or at any time to 19 Nov 2027 per Make Whole Call N/A or at any time to 19 Nov 2029 per Make Whole Call N/A N/A or at any time to 03 Mar 2028 per Make Whole Call N/A or at any time to 03 Mar 2030 per Make Whole Call N/A or at any time to 03 Mar 2035 per Make Whole Call Fixed to floating Fixed to floating Floating Fixed to floating Fixed to floating Fixed to floating From 19/11/2027 rate changes from fixed 5.130% to SOFR + 1.040% From 19/11/2029 rate changes from fixed 5.286% to SOFR + 1.290% SOFR + 1.290% From 03/03/2028 rate changes from fixed 4.899% to SOFR + 1.030% From 03/03/2030 rate changes from fixed 5.130% to SOFR + 1.290% From 03/03/2035 rate changes from fixed 5.450% to SOFR + 1.560% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EM70 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EN53 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EP02 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EQ84 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280ER67 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280ES41 Page 25
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc US404280ET24 US404280EU96 US404280EW52 US404280EX36 US404280EZ83 XS3069291196 Public Public Public Public Public Public Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision English law Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 751m USD 752m USD 2,291m USD 2,036m USD 1,256m USD 1,773m USD 750m USD 750m USD 2,250m USD 2,000m USD 1,250m EUR 1,500m (USD 1,759m) 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - amortised cost Liability - amortised cost Liability - fair value Liability - fair value Liability - amortised cost Liability - amortised cost 03 Mar 2025 03 Mar 2025 13 May 2025 13 May 2025 13 May 2025 13 May 2025 Dated Dated Dated Dated Dated Dated 03 Mar 2029 03 Mar 2031 13 May 2031 13 May 2036 13 May 2031 13 May 2030 Yes Yes Yes Yes Yes Yes 03 Mar 2028 / Tax or Loss Absorption Disqualification Event at any time / Par 03 Mar 2030 / Tax or Loss Absorption Disqualification Event at any time / Par 13 May 2030 (or 13 Nov 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 13 May 2035 (or 13 Nov 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 13 May 2030 / Tax or Loss Absorption Disqualification Event at any time / Par 13 May 2029 (or 13 Nov 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) N/A N/A N/A or at any time to 13 May 2030 per Make Whole Call N/A or at any time to 13 May 2035 per Make Whole Call N/A N/A or at any time to 13 May 2029 per Make Whole Call Floating Floating Fixed to floating Fixed to floating Floating Fixed to Floating SOFR + 1.030% SOFR + 1.290% From 13/05/2030 rate changes from fixed 5.240% to SOFR + 1.570% From 13/05/2035 rate changes from fixed 5.790% to SOFR + 1.880% SOFR + 1.570% From 13/05/2029 rate changes from fixed 3.313% to 3 month Euribor + 1.267% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280ET24 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EU96 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EW52 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EX36 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280EZ83 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS3069291196 Page 26
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc XS3069291782 XS3077192071 XS3079660182 AU3CB0325280 AU3CB0325298 AU3FN0101168 Public Public Public Public Public Public English law English law English law Laws of New South Wales, Australia, save for the status and waiver of set-off provisions Laws of New South Wales, Australia, save for the status and waiver of set-off provisions Laws of New South Wales, Australia, save for the status and waiver of set-off provisions Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 1,756m USD 1,060m USD 393m USD 297m USD 395m USD 467m EUR 1,500m (USD 1,759m) GBP 750m (USD 1,006m) SGD 500m (USD 389m) AUD 450m (USD 300m) AUD 600m (USD 400m) AUD 700m (USD 467m) 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - amortised cost Liability - fair value Liability - fair value Liability - fair value Liability - fair value Liability - amortised cost 13 May 2025 22 May 2025 28 May 2025 28 Aug 2025 28 Aug 2025 28 Aug 2025 Dated Dated Dated Dated Dated Dated 13 May 2034 22 May 2033 28 May 2033 28 Aug 2031 28 Aug 2036 28 Aug 2031 Yes Yes Yes Yes Yes Yes 13 May 2033 (or 13 Nov 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 22 May 2032 (or 22 Nov 2025 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 28 May 2032 / Tax or Loss Absorption Disqualification Event at any time / Par 28 Aug 2030 / Tax Event or Loss Absorption Disqualification Event at any time / Par 28 Aug 2030 / Tax Event or Loss Absorption Disqualification Event at any time / Par 28 Aug 2030 / Tax Event or Loss Absorption Disqualification Event at any time / Par N/A or at any time to 13 May 2033 per Make Whole Call N/A or at any time to 22 May 2032 per Make Whole Call N/A N/A N/A N/A Fixed to Floating Fixed to floating Fixed to floating Fixed to floating Fixed to floating Floating From 13/05/2033 rate changes from fixed 3.911% to 3 month Euribor + 1.540% From 22/05/2032 rate changes from fixed 5.813% to Compounded Daily SONIA Rate + 1.810% From 28/05/2032 rate resets from fixed 3.400% to 1 year SORA OIS + 1.282% From 28/08/2030 rate changes from fixed 4.768% to 3 month BBSW + 1.250% From 28/08/2035 rate changes from fixed 5.642% to 3 month BBSW + 1.600% 3 month BBSW + 1.250% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS3069291782 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS3077192071 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS3079660182 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=AU3CB0325280 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=AU3CB0325298 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=AU3FN0101168 Page 27
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc JP582666AR90 JP582666BR99 JP582666CR98 US404280FE46 US404280FF11 US404280FG93 Public Public Public Public Public Public Japanese law, save for the waiver of set-off provision Japanese law, save for the waiver of set-off provision Japanese law, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Laws of the State of New York, save for the waiver of set-off provision Yes Yes Yes Yes Yes Yes N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured Senior Unsecured USD 416m USD 178m USD 48m USD 2,259m USD 503m USD 2,237m JPY 65,300m (USD 416m) JPY 28,100m (USD 179m) JPY 7,600m (USD 48m) USD 2,250m USD 500m USD 2,250m 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% 100.000% Liability - fair value Liability - fair value Liability - fair value Liability - amortised cost Liability - amortised cost Liability - amortised cost 11 Sep 2025 11 Sep 2025 11 Sep 2025 06 Nov 2025 06 Nov 2025 06 Nov 2025 Dated Dated Dated Dated Dated Dated 11 Sep 2029 11 Sep 2031 11 Sep 2036 06 Nov 2031 06 Nov 2031 06 Nov 2036 Yes Yes Yes Yes Yes Yes 11 Sep 2028 / Tax or Loss Absorption Disqualification Event at any time / Par 11 Sep 2030 / Tax or Loss Absorption Disqualification Event at any time / Par 11 Sep 2035 / Tax or Loss Absorption Disqualification Event at any time / Par 06 November 2030 (or 06 May 2026 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) 06 November 2030 / Tax or Loss Absorption Disqualification Event at any time / Par 06 November 2035 (or 06 May 2026 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) N/A N/A N/A N/A or at any time to 06 November per Make Whole Call N/A N/A or at any time to 06 November per Make Whole Call Fixed to floating Fixed to floating Fixed to floating Fixed to floating Floating Fixed to floating From 11/09/2028 rate resets from fixed 1.639% to JPY 1-year TONA Tokyo Swap Rate + 0.700% From 11/09/2030 rate resets from fixed 1.929% to JPY 1-year TONA Tokyo Swap Rate + 0.850% From 11/09/2035 rate resets from fixed 2.529% to JPY 1-year TONA Tokyo Swap Rate + 1.100% From 06/11/2030 rate changes from fixed 4.619% to SOFR + 1.190% SOFR + 1.190% From 06/11/2035 rate changes from fixed 5.133% to SOFR + 1.430% No No No No No No Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory No No No No No No Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Convertible Convertible Convertible Convertible Convertible Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially May convert fully or partially To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion To be determined at conversion Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Mandatory upon satisfaction of certain conditions Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 Common Equity Tier 1 HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc HSBC Holdings plc Yes Yes Yes Yes Yes Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Contractual recognition May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially May be written down partially Permanent Permanent Permanent Permanent Permanent Permanent N/A N/A N/A N/A N/A N/A Structural Structural Structural Structural Structural Structural 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities 4 - Senior notes and other pari passu liabilities N/A N/A N/A N/A N/A N/A No No No No No No N/A N/A N/A N/A N/A N/A - - - - - - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=JP582666AR90 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=JP582666BR99 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=JP582666CR98 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280FE46 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280FF11 https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=US404280FF11 Page 28
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1 2 2a 3 3a Regulatory treatment 4 5 6 7 8 9 UK-9a UK-9b 10 11 12 13 14 15 16 Coupons / dividends 17 18 19 UK-20a UK-20b 21 22 23 24 25 26 27 28 29 30 31 32 33 34 34a UK-34b 35 36 37 37a ¹ On 19 February 2025, HSBC Holdings plc announced that it would no longer count the security US404280AM17 towards its minimum requirements for owns funds and eligible liabilities. The securities US404280AW98, US404280BB43 and JP582666CG91 ceased to count towards minimum requirements for owns funds and eligible liabilities on 08 March 2025, 25 May 2025 and 25 September 2025, respectively, as their residual maturity became less than one year. ² Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. Issuer Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)¹ Public or private placement Governing law(s) of the instrument Contractual recognition of write down and conversion powers of resolution authorities Current treatment taking into account, where applicable, transitional CRR rules Post-transitional CRR rules Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated Instrument type (types to be specified by each jurisdiction) Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) Nominal amount of instrument Issue price Redemption price Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Fixed or floating dividend/coupon Coupon rate and any related index Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory (in terms of timing) Fully discretionary, partially discretionary or mandatory (in terms of amount) Write-down features Existence of step up or other incentive to redeem Non-cumulative or cumulative Convertible or non-convertible If convertible, conversion trigger(s) If convertible, fully or partially Only Eligible Liabilities (that count towards MREL requirements) Link to the full terms and conditions of the instrument (signposting) Ranking of the instrument in normal insolvency proceedings² Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes, specify non-compliant features If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Type of subordination (only for eligible liabilities) If convertible, conversion rate If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into HSBC Holdings plc XS3239159034 Public English law Yes N/A N/A Consolidated Senior Unsecured USD 1,445m EUR 1,250m (USD 1,466m) 100.000% 100.000% Liability - amortised cost 01 Dec 2025 Dated 01 Dec 2033 Yes 01 Dec 2032 (or 01 Jun 2026 per Make Whole Call) / Tax or Loss Absorption Disqualification Event at any time / Par or Make Whole Amount (as applicable) N/A or at any time to 01 Dec 2032 per Make Whole Call Fixed to Floating From 01/12/2032 rate changes from fixed 3.608% to 3 month Euribor + 1.117% No Mandatory Mandatory No Cumulative Convertible Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May convert fully or partially To be determined at conversion Mandatory upon satisfaction of certain conditions Common Equity Tier 1 HSBC Holdings plc Yes Triggers to statutory bail-in power under UK Banking Act 2009 – UK BoE/PRA – Statutory and contractual recognition May be written down partially Permanent N/A Structural 4 - Senior notes and other pari passu liabilities N/A No N/A - https://www.hsbc.com/investors/fixed-income- investors/final-terms-and-supplements/hsbc- holdings- plc?page=1&take=20&isin=XS3239159034 Page 29
Slide 30 — HSBC Holdings plc
HSBC Holdings plc 8 Canada Square London E14 5HQ United Kingdom Telephone: 44 020 7991 8888 www.hsbc.com Incorporated in England and Wales with limited liability Registration number 617987 Page 30