Hsbc Holdings plc Announces Redemption of £1,000,000,000 1.750% Fixed Rate/Floating Rate Senior Unsecured Notes Due 2027

HSBC Holdings PLC had issued £1,000,000,000 1.750% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027 (CUSIP No. 404280CR8; ISIN: XS2322315727). The Securities have been issued pursuant to an indenture dated as of August 26, 2009 (as amended or supplemented from time to time, the 'Base Indenture'), between HSBC Holdings plc, as issuer (the 'Issuer'), The Bank of New York Mellon, London Branch, as trustee (the 'Trustee'), and HSBC Bank USA, National Association, as paying agent and registrar ('HSBC Bank USA'), as supplemented and amended by a twentieth supplemental indenture dated as of March 24, 2021 (the 'Twentieth Supplemental Indenture' and, together with the Base Indenture, the 'Indenture') among the Issuer, the Trustee and HSBC Bank USA as paying agent, registrar and calculation agent.

The Issuer has elected to redeem the Securities in whole in accordance with the terms of the Indenture and the Securities (the 'Par Redemption'). Pursuant to Section 11.04 of the Base Indenture and Sections 2.01, 2.02, 3.01, 3.02, 4.02 and 4.03 of the Twentieth Supplemental Indenture, the Issuer hereby provides notice of the following information relating to the Par Redemption: The redemption date for the Securities shall be July 24, 2026 (the 'Redemption Date'). The redemption price for the Securities shall be £1,000 per £1,000 principal amount of the Securities (the 'Redemption Price').

Additionally, in accordance with the terms of the Indenture, as the Redemption Date is an Interest Payment Date all accrued but unpaid interest from (and including) July 24, 2025 to (but excluding) the Redemption Date will be payable to the holders of record of the Securities as of July 9, 2026, the Regular Record Date (the 'Interest Payment'). Subject to any conditions and/or the limited circumstances contained in the Twentieth Supplemental Indenture, on the Redemption Date the Redemption Price and the Interest Payment shall become due and payable upon each such Security to be redeemed and interest thereon shall cease to accrue on and after such date.