HSBC : Capital and Other TLAC-eligible Instruments Main Features 31 December 2022 (Excel)

February 21, 2023 at 03:40 am EST

Capital and Other TLAC-eligible Instruments Main Features 31 December 2022

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HSBC Holdings plc Main features of regulatory capital instruments and eligible instruments 31 December 2022

Disclaimer

This document is a disclosure document published as required by, and solely for the purpose of compliance with, Articles 437(b) and 437a(a) 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, Commission Implementing Regulation (EU) No 1423/2013, Q&A published by the European Banking Authority 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 CRR II reflect the HSBC Group's interpretation of current rules. Following the end of the transition period following the UK's withdrawal from the EU, any reference herein to EU regulations and directives (including technical standards) should, as applicable, be read as a reference to the UK's version of such regulations and/or directives, 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 (investorrelations@hsbc.com). 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.

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CCA-CET1

Both own funds and eligible liabilities: CET1
1	Issuer	HSBC Holdings plc	Hang Seng Bank Ltd. (Non-Controlling Interest portion)	HSBC Bank Malta plc (Non-Controlling Interest portion)	HSBC Bank Oman SAOG (Non-Controlling Interest portion)
2	Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)	GB0005405286	HK0011000095	MT0000030107	OM0000001517
2a	Public or private placement	Public	Public	Private	Public
3	Governing law(s) of the instrument	English law	Laws of Hong Kong	Laws of Malta	Oman law
3a	Contractual recognition of write down and conversion powers of resolution authorities	N/A	N/A	N/A	N/A
Regulatory treatment
4	Current treatment taking into account, where applicable, transitional CRR rules	Common Equity Tier 1	Common Equity Tier 1	Common Equity Tier 1	Common Equity Tier 1
5	Post-transitional CRR rules	Common Equity Tier 1	Common Equity Tier 1	Common Equity Tier 1	Common Equity Tier 1
6	Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated	Consolidated	Solo and Consolidated	Solo and Consolidated	Solo and Consolidated
7	Instrument type (types to be specified by each jurisdiction)	Ordinary Shares	Ordinary Shares	Ordinary Shares	Ordinary Shares
8	Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) 1	USD 24,446m	USD 469m	USD 35m	USD 255m
9	Nominal amount of instrument	USD 9,978m	No par value, NCI portion of share capital - HKD 3,656m (USD 469m)	EUR 32m (USD 35m)	OMR 98m (USD 255m)
UK-9a	Issue price	USD 0.500 per share	Various	EUR 0.300 per share	OMR 0.100 per share
UK-9b	Redemption price	USD 0.500 per share	Various	EUR 0.300 per share	OMR 0.100 per share
10	Accounting classification	Shareholders' equity	Non-controlling interest in consolidated subsidiary	Non-controlling interest in consolidated subsidiary	Non-controlling interest in consolidated subsidiary
11	Original date of issuance	-	-	-	-
12	Perpetual or dated	Perpetual	Perpetual	Perpetual	Perpetual
13	Original maturity date	-	-	-	-
14	Issuer call subject to prior supervisory approval	-	-	-	-
15	Optional call date, contingent call dates and redemption amount	-	-	-	-
16	Subsequent call dates, if applicable	-	-	-	-
Coupons / dividends
17	Fixed or floating dividend/coupon	-	-	-	-
18	Coupon rate and any related index	-	-	-	-
19	Existence of a dividend stopper	-	-	-	-
UK-20a	Fully discretionary, partially discretionary or mandatory (in terms of timing)	-	-	-	-
UK-20b	Fully discretionary, partially discretionary or mandatory (in terms of amount)	-	-	-	-
21	Existence of step up or other incentive to redeem	-	-	-	-
22	Non-cumulative or cumulative	Non-cumulative	Non-cumulative	Non-cumulative	Non-cumulative
23	Convertible or non-convertible	Non-convertible	Non-convertible	Non-convertible	Non-convertible
24	If convertible, conversion trigger(s)
25	If convertible, fully or partially
26	If convertible, conversion rate
27	If convertible, mandatory or optional conversion
28	If convertible, specify instrument type convertible into
29	If convertible, specify issuer of instrument it converts into
30	Write-down features	-	-	-	-
31	If write-down, write-down trigger(s)
32	If write-down, full or partial
33	If write-down, permanent or temporary
34	If temporary write-down, description of write-up mechanism
34a	Type of subordination (only for eligible liabilities)	N/A	N/A	N/A	N/A
UK-34b	Ranking of the instrument in normal insolvency proceedings2	1 - Ordinary Shares	1 - Ordinary Shares	1 - Ordinary Shares	1 - Ordinary Shares
35	Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument)	Immediately subordinate to Additional Tier 1	Immediately subordinate to Additional Tier 1	Immediately subordinate to Additional Tier 1	Immediately subordinate to Additional Tier 1
36	Non-compliant transitioned features	No	No	No	No
37	If yes, specify non-compliant features
37a	Link to the full term and conditions of the intrument (signposting)	Available on request	Available on request	Available on request	Available on request
1 Represents the portion of ordinary share capital plus share premium which is held outside of the Group. 2 Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable.

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CCA-AT1

Both own funds and eligible liabilities: AT1

Issuer

HSBC Holdings plc

Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)

US404280AS86

US404280AT69

US404280BL25

US404280BN80

US404280BP39

XS1298431104

XS1640903701

XS1882693036

XS1884698256

US404280CN71

US404280CP20

US404280CQ03

Public or private placement

Public

Governing law(s) of the instrument

Laws of the State of New York, save for the subordination provision

Laws of the State of New York, save for the subordination provision and Section 2.20(a) of the supplemental indenture (consent to the exercise of UK bail-in power)

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

Contractual recognition of write down and conversion powers of resolution authorities

Yes

Regulatory treatment

Current treatment taking into account, where applicable, transitional CRR rules

Additional Tier 1

Post-transitional CRR rules

Additional Tier 1

Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated

Consolidated

Instrument type (types to be specified by each jurisdiction)

Perpetual Subordinated Contingent Convertible Securities

Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) 2

USD 2,250m

USD 2,450m

USD 3,000m

USD 2,350m

USD 1,800m

USD 1,124m

USD 1,421m

USD 550m

USD 1,301m

USD 1,500m

USD 1,000m

Nominal amount of instrument

USD 2,250m

USD 2,450m

USD 3,000m

USD 2,350m

USD 1,800m

EUR 1,000m (USD 1,067m)

EUR 1,250m (USD 1,334m)

SGD 750m (USD 559m)

GBP 1,000m (USD 1,205m)

USD 1,500m

USD 1,000m

UK-9a

Issue price

100.000 %

UK-9b

Redemption price

100.000 %

Accounting classification

Shareholders' equity

Original date of issuance

17 Sep 2014

30 Mar 2015

22 May 2017

23 Mar 2018

29 Sep 2015

04 Jul 2017

24 Sep 2018

28 Sep 2018

17 Dec 2020

09 Mar 2021

Perpetual or dated

Perpetual

Original maturity date

Issuer call subject to prior supervisory approval

Yes

Optional call date, contingent call dates and redemption amount

17 Sep 2024 / Tax and Capital Disqualification event at any time / Par

30 Mar 2025 / Tax and Capital Disqualification event at any time / Par

22 May 2027 / Tax and Capital Disqualification event at any time / Par

23 Mar 20234 / Tax and Capital Disqualification event at any time / Par

23 Mar 2028 /Tax and Capital Disqualification event at any time / Par

29 Sep 2023 /Tax and Capital Disqualification event at any time / Par

4 Jul 2029 /Tax and Capital Disqualification event at any time / Par

24 Sep 2023 / Tax and Capital Disqualification event at any time / Par

28 Sep 2026 / Tax and Capital Disqualification event at any time / Par

From 6 months prior to 17 Jun 2031 / Tax and Capital Disqualification event at any time / Par

From 6 months prior to 9 Sep 2026 / Tax and Capital Disqualification event at any time / Par

From 6 months prior to 9 Sep 2031 / Tax and Capital Disqualification event at any time / Par

Subsequent call dates, if applicable

Every 5 years after first call

Coupons / dividends

Fixed or floating dividend/coupon

Fixed to floating

Coupon rate and any related index

From 17/09/2024 rate resets from fixed 6.375% to 5 year USD Mid-Market Swap Rate + 3.705%, resettable every 5 years.

From 30/03/2025 rate resets from fixed 6.375% to 5 year USD Mid-Market Swap Rate + 4.368%, resettable every 5 years.

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 23/03/2023 rate resets from fixed 6.250% to 5 year USD Mid-Market Swap Rate + 3.453%, 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 29/09/2023 rate resets from fixed 6.000% to 5 year EUR Mid-Market Swap Rate + 5.338%, 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 24/09/2023 rate resets from fixed 5.000% to Swap Offer Rate ("SOR") + 2.665%, 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.

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.

Existence of a dividend stopper

UK-20a

Fully discretionary, partially discretionary or mandatory (in terms of timing)

Fully Discretionary

UK-20b

Fully discretionary, partially discretionary or mandatory (in terms of amount)

Fully Discretionary

Existence of step up or other incentive to redeem

Non-cumulative or cumulative

Non-cumulative

Convertible or non-convertible

Convertible

If convertible, conversion trigger(s)

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

If convertible, fully or partially

Always convert fully

If convertible, conversion rate

USD 4.35578 per ordinary share

USD 4.03488 per ordinary share

USD 3.4799 per ordinary share

USD 3.7881 per ordinary share

EUR 3.73559 per ordinary share

EUR 3.05451 per ordinary share

SGD 4.86068 per ordinary share

GBP 2.70 per ordinary share

USD 3.5878 per ordinary share

USD 3.7703 per ordinary share

If convertible, mandatory or optional conversion

Mandatory upon the occurrence of certain events

If convertible, specify instrument type convertible into

Common Equity Tier 1

If convertible, specify issuer of instrument it converts into

HSBC Holdings plc

Write-down features

Yes

If write-down, write-down trigger(s)

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

If write-down, full or partial

May be written down partially

If write-down, permanent or temporary

Permanent

If temporary write-down, description of write-up mechanism

34a

Type of subordination (only for eligible liabilities)

N/A

UK-34b

Ranking of the instrument in normal insolvency proceedings3

2 - Preference shares, AT1 instruments and certain Subordinated Notes

Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument)

Immediately subordinate to Tier 2 instruments

Non-compliant transitioned features

If yes, specify non-compliant features

37a

Link to the full term and conditions of the intrument (signposting)

click here

4 This security was called by HSBC Holdings on 30 January 2023 and is expected to be redeemed and cancelled on 23 March 2023.

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https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AS86https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280CN71https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280CP20https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280CQ03https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AT69https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280BL25https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280BN80https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280BP39https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS1298431104https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS1640903701https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS1882693036https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS1884698256

CCA-T2

Both own funds and eligible liabilities: Tier 2

Issuer

HSBC Holdings plc

Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)

US404280AE90

US404280AF65

US404280AG49

US404280AH22

US404280AJ87

US404280AP48

US404280AQ21

US404280AU33

US404280BH13

XS0159497162

XS0356452929

XS0387079907

XS0498768315

XS1428953407

XS1254428896

US404280DC08

XS2491654179

JP582666DN91

US404280DJ50

US404280DK24

US404280DL07

US404280DM89

US404280DN62

US404280DS59

XS2553547444

XS2553549903

Public or private placement

Public

Governing law(s) of the instrument

Laws of the State of New York, save for the subordination provision

Laws of the State of New York, save for the subordination provision and consent to the exercise of UK bail-in power

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 provisions

English law

Japanese law, save for the subordination provisions

Laws of the State of New York, save for the subordination provision

Laws of the State of New York, save for the subordination provisions

English law

Contractual recognition of write down and conversion powers of resolution authorities

Yes

Regulatory treatment

Current treatment taking into account, where applicable, transitional CRR rules

Tier 2

Post-transitional CRR rules

Eligible Liabilities

Tier 2

Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated

Consolidated

Instrument type (types to be specified by each jurisdiction)

Tier 2

Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) 2

USD 143m

USD 308m

USD 1,467m

USD 1,178m

USD 960m

USD 448m

USD 1,257m

USD 732m

USD 1,073m

USD 740m

USD 945m

USD 819m

USD 1,078m

USD 945m

USD 745m

USD 1,766m

USD 694m

USD 88m

USD 97m

USD 223m

USD 568m

USD 977m

USD 540m

USD 2,013m

USD 1,320m

USD 1,218m

Nominal amount of instrument

USD 125m

USD 264m

USD 1,431m

USD 1,515m

USD 961m

USD 2,000m

USD 1,500m

GBP 650m (USD 783m)

GBP 750m (USD 903m)

GBP 650m (USD 783m)

GBP 900m (USD 1,084m)

EUR 1,000m (USD 1,067m)

EUR 1,500m (USD 1,601m)

USD 2,000m

SGD 900m (USD 671m)

JPY 11,900m (USD 90m)

USD 97m

USD 223m

USD 569m

USD 985m

USD 539m

USD 2,000m

EUR 1,250m (USD 1,334m)

GBP 1,000m (USD 1,205m)

UK-9a

Issue price

100.000 %

UK-9b

Redemption price

100.000 %

Accounting classification

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Original date of issuance

30 Aug 2005

03 May 2006

12 Sep 2007

27 May 2008

12 Mar 2014

18 Aug 2015

23 Nov 2016

20 Dec 2002

07 Apr 2008

11 Sep 2008

29 Mar 2010

07 Jun 2016

30 Jun 2015

29 Mar 2022

27 Jun 2022

15 Sep 2022

16 Sep 2022

03 Nov 2022

16 Nov 2022

Perpetual or dated

Dated

Original maturity date

27 Nov 2032

17 May 2032

02 May 2036

15 Sep 2037

01 Jun 2038

14 Mar 2024

14 Mar 2044

18 Aug 2025

23 Nov 2026

20 Dec 2027

07 Apr 2038

11 Sep 2028

29 Mar 2040

07 Jun 2028

30 Jun 2025

29 Mar 2033

27 Jun 2032

15 Sep 2032

27 Nov 2032

17 May 2032

02 May 2036

15 Sep 2037

01 Jun 2038

03 Nov 2033

16 Nov 2032

16 Nov 2034

Issuer call subject to prior supervisory approval

Yes

Optional call date, contingent call dates and redemption amount

Tax event at any time / Par

Tax or Capital disqualification event at any time / Par

Tax 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

Tax event at any time / Par

3 Nov 2032 / Tax or Capital disqualification event at any time / Par

16 Nov 2027 / Tax or Capital disqualification event at any time / Par

16 Aug 2029 / Tax or Capital disqualification event at any time / Par

Subsequent call dates, if applicable

N/A

anytime from 16 Aug 2029 to 16 Nov 2029

Coupons / dividends

Fixed or floating dividend/coupon

Fixed

Fixed to Floating

Fixed to floating

Fixed

Fixed to floating

Coupon rate and any related index

7.350%

7.625%

6.500%

6.800%

4.250%

5.250%

4.250%

4.375%

5.750%

7.000%

6.750%

6.000%

3.125%

3.000%

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%

7.350%

7.625%

6.500%

6.800%

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 16/08/2029 rate resets from fixed 8.201% to Benchmark Gilt rate + 4.550%

Existence of a dividend stopper

UK-20a

Fully discretionary, partially discretionary or mandatory (in terms of timing)

Mandatory

UK-20b

Fully discretionary, partially discretionary or mandatory (in terms of amount)

Mandatory

Existence of step up or other incentive to redeem

Non-cumulative or cumulative

Cumulative

Convertible or non-convertible

Non-convertible

Convertible

If convertible, conversion trigger(s)

N/A

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 - 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

If convertible, fully or partially

May convert fully or partially

If convertible, conversion rate

To be determined at conversion

If convertible, mandatory or optional conversion

Mandatory upon satisfaction of certain conditions

If convertible, specify instrument type convertible into

Common Equity Tier 1

If convertible, specify issuer of instrument it converts into

HSBC Holdings plc

Write-down features

Yes

If write-down, write-down trigger(s)

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 - 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

If write-down, full or partial

May be written down partially

If write-down, permanent or temporary

Permanent

If temporary write-down, description of write-up mechanism

34a

Type of subordination (only for eligible liabilities)

N/A

UK-34b

Ranking of the instrument in normal insolvency proceedings3

3 - Subordinated notes

Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument)

Immediately subordinate to senior creditors

Non-compliant transitioned features

Yes

If yes, specify non-compliant features

No contractual recognition provision for exercise of statutory write down / conversion powers.

Grandfathered to 28 Jun 2025

37a

Link to the full term and conditions of the intrument (signposting)

Click here

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AE90

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AF65

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AG49

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AH22

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AJ87

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AP48

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AQ21

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AU33

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=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=XS1428953407

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS1254428896

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

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

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

&"Univers Next for HSBC Light"&10&K000000&"Univers Next for HSBC Regular,Regular"&9Page &P

RESTRICTED

CCA-T2 (2)

Only own funds (but not eligible liabilities): Tier 2

Issuer

HSBC Bank USA, National Association

HSBC Trinkaus & Burkhardt GmbH

HSBC Bank plc

The Hongkong and Shanghai Banking Corporation Limited

HSBC Continental Europe

Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)

US4042Q1AA55

US4042Q1AB39

US4042Q1AD94

Private Placement 16

Private Placement 17

Private Placement 18

Private Placement 19

GB0005902332

GB0005903413

US597433AC57

XS0015190423

XS0088317853

XS0120514335

XS0174470764

XS0247840969

GB0004355490

FR0000585333

Public or private placement

Public

Private

Public

Governing law(s) of the instrument

Laws of the State of New York

German law

English law

Laws of the State of New York, save for the subordination provision

English law

English Law

French law

Contractual recognition of write down and conversion powers of resolution authorities

Regulatory treatment

Current treatment taking into account, where applicable, transitional CRR rules

Tier 2

Post-transitional CRR rules

Tier 2

Ineligible

Tier 2

Ineligible

Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated

Solo and Consolidated

Instrument type (types to be specified by each jurisdiction)

Subordinated debt

Tier 2

Perpetual debt instruments

Tier 2

Perpetual debt instruments

Tier 2

Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) 2

USD 398m

USD 419m

USD 700m

USD 1m

USD 5m

USD 3m

USD 11m

USD 750m

USD 300m

USD 79m

USD 500m

USD 17m

USD 56m

USD 190m

USD 230m

USD 400m

USD 17m

Nominal amount of instrument

USD 357m

USD 383m

USD 700m

EUR 10m (USD 11m)

EUR 5m (USD 5m)

EUR 10m (USD 11m)

USD 750m

USD 300m

USD 180m

USD 500m

GBP 135m (USD 163m)

GBP 70m (USD 85m)

GBP 157m (USD 189m)

GBP 237m (USD 286m)

USD 400m

EUR 16m (USD 17m)

UK-9a

Issue price

100.000 %

87.870 %

100.000 %

86.530 %

100.000 %

99.826 %

100.000 %

99.083% 6

99.043% and 102.328% for 2000 and 2001 issue respectively

98.825 %

98.507 %

100.000 %

UK-9b

Redemption price

100.000 %

Accounting classification

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Original date of issuance

25 Oct 2004

17 Aug 2005

18 Jun 2008

25 Jun 2002

07 Jul 2005

08 Jul 2005

25 Jun 2002

19 Jun 1985

11 Dec 1986

10 May 1995

18 Sep 1985

07 Jul 1998

30 Nov 2000

22 Aug 2003

24 Mar 2006

09 Jul 1986

22 Jul 1985

Perpetual or dated

Dated

Perpetual

Dated

Perpetual

Dated

Perpetual

Original maturity date

01 Nov 2034

15 Aug 2035

15 Jan 2039

26 Jun 2023

07 Jul 2025

08 Jul 2025

26 Jun 2028

01 May 2025

07 Jul 2023

30 Jan 2041

22 Aug 2033

24 Mar 2046

Issuer call subject to prior supervisory approval

Yes

Optional call date, contingent call dates and redemption amount

Tax event at any time / Par

1 June 1990 / Tax event at any time / Par

1 Jun 1992 / Tax event at any time / Par

Tax event at any time / Par

1 Sep 1990 / Tax event at any time / Par

Tax event at any time / Par

9 Jul 1991 / Tax event at any time / Par

Subsequent call dates, if applicable

N/A

On each distribution date thereafter

N/A

On each distribution date thereafter

N/A

Callable on any interest payment date

N/A

Coupons / dividends

Fixed or floating dividend/coupon

Fixed

Floating

Fixed

Floating

Fixed

Floating

Coupon rate and any related index

5.875%

5.625%

7.000%

5.500%

4.210%

5.500%

6 month USD LIBOR + 0.250%

6 month USD LIBOR + 0.100%

7.650%

6 month USD LIBOR + 0.250%

6.500%

6.250%

5.375%

4.750%

3 month USD LIBOR (if LIMEAN is unavailable) + 0.188%

TEC10 (TMO has been replaced by TEC10+0.25%, i.e. 10y constant maturity French government bond) + 0.250%

Existence of a dividend stopper

UK-20a

Fully discretionary, partially discretionary or mandatory (in terms of timing)

Partially discretionary

Mandatory

Partially discretionary

Mandatory

Partially discretionary

Mandatory

UK-20b

Fully discretionary, partially discretionary or mandatory (in terms of amount)

Mandatory

Partially discretionary

Mandatory

Existence of step up or other incentive to redeem

Non-cumulative or cumulative

Cumulative

Convertible or non-convertible

Non-convertible

Convertible

Non-convertible

Convertible

If convertible, conversion trigger(s)

N/A

Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under German Recovery and Resolution Act - BaFin

Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under UK Banking Act 2009 - UK BoE/PRA

N/A

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 under HK Financial Institutions (Resolution) Ordinance - HKMA ('FIRO')

Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under the Single Resolution Mechanism (SRM) Regulation - Single Resolution Board (SRB)

If convertible, fully or partially

May convert fully or partially

If convertible, conversion rate

To be determined at conversion

If convertible, mandatory or optional conversion

Mandatory upon satisfaction of certain conditions

If convertible, specify instrument type convertible into

Common Equity Tier 1

To be determined subject to statutory bail-in power under FIRO

Common Equity Tier 1

If convertible, specify issuer of instrument it converts into

HSBC Trinkaus und Burkhardt AG

HSBC Bank plc

To be determined subject to statutory bail-in power under FIRO

HSBC Continental Europe

Write-down features

Yes

If write-down, write-down trigger(s)

Triggers to statutory resolution under Section 11(d) of the Federal Deposit Insurance Act - FDIC as receiver

Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under German Recovery and Resolution Act - BaFin

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 under HK Financial Institutions (Resolution) Ordinance (FIRO) - HKMA

Triggers to statutory bail-in power and mandatory write-down/conversion of capital instruments power under the Single Resolution Mechanism (SRM) Regulation - Single Resolution Board (SRB)

If write-down, full or partial

May be written down partially

If write-down, permanent or temporary

Permanent

If temporary write-down, description of write-up mechanism

34a

Type of subordination (only for eligible liabilities)

N/A

UK-34b

Ranking of the instrument in normal insolvency proceedings3

3 - Subordinated loans

3 - Tier 2 Instruments

3 - Undated primary capital notes

4 - Subordinated notes and subordinated loans

3 - Undated primary capital notes

4 - Subordinated notes and subordinated loans

3 - Primary capital notes

3 - Subordinated loans

Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument)

Immediately subordinate to senior creditors

Immediately subordinate to more senior Tier 2 instruments

Immediately subordinate to senior creditors

Immediately subordinate to more senior Tier 2 instruments

Immediately subordinate to senior creditors

Immediately subordinate to more senior Tier 2 instruments

Non-compliant transitioned features

Yes

If yes, specify non-compliant features

No express waiver of set-off.

No express waiver of set-off and no contractual recognition provision for exercise of statutory write-down/ conversion powers.

No express waiver of set-off.

No waiver of set-off.

No express waiver of set-off.

See footnote 5

Grandfathered to 26 Jun 20235

Grandfathered to 28 Jun 20255

Grandfathered to 01 May 20255

Grandfathered to 28 Jun 20255

See footnote 5

Grandfathered to 28 Jun 20255

37a

Link to the full term and conditions of the intrument (signposting)

click here

Available on request

Click here

2 Regulatory Values are before adjustments for the Disallowed Non-Controlling Interests which are not done at instrument level. 3 Insolvency ranking information aligns with the creditor ranking tables included within HSBC Group's TLAC2/TLAC3 Pillar 3 disclosures, where applicable. 5 From 1 January 2022, in line with the Bank of England Statement of Policy on MREL (December 2021), non-CET1 own fund instruments issued externally by subsidiaries of HSBC Holdings plc no longer count towards MREL for the Group or HSBC Bank plc.

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=GB0005902332

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=GB0005903413

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=US597433AC57

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=XS0015190423

6 This instrument was issued in two tranches: £200m issued at 99.083% on 07/07/98 and £100m at 101.132% on 30/11/00.

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=XS0174470764

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=XS0247840969

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=GB0004355490

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=FR0000585333

&"Univers Next for HSBC Light"&10&K000000&"Univers Next for HSBC Regular,Regular"&9Page &P

RESTRICTED

https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=US4042Q1AA55https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=US4042Q1AB39https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=US4042Q1AD94https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=XS0088317853https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries?page=1&take=20&isin=XS0120514335

CCA-EL

Only Eligible Liabilities

Issuer

HSBC Holdings plc

Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)

US404280CC17

XS2003500142

CA404280BE83

JP582666AJ90

JP582666BG92

JP582666BJ99

JP582666CG91

JP582666CJ98

US404280AM17

US404280AW98

US404280BA69

US404280BB43

US404280BK42

US404280BR94

US404280BS77

US404280BT50

US404280BW89

US404280BX62

US404280BZ11

US404280CA50

XS0429422271

XS1379184473

XS1473485925

XS1481198213

XS1481811872

XS1485597329

XS1716248197

XS1718418285

XS1718476994

XS1917601582

XS1961843171

XS2050979025

XS2054215483

US404280CE72

US404280CF48

US404280CG21

US404280CH04

US404280CJ69

US404280CK33

US404280CL16

XS2251736646

XS2251736992

US404280CM98

XS2322315727

US404280CS68

US404280CT42

XS2349742119

XS2355184149

US404280CV97

US404280CU15

XS2387729408

XS2388490802

XS2388491289

CH1145096140

CH1145096157

US404280CZ02

US404280CW70

US404280CX53

US404280CY37

XS2419965905

US404280DA42

US404280DB25

XS2451774884

CH1187520494

US404280DE63

US404280DF39

XS2486589596

US404280DG12

US404280DH94

JP582666AN94

JP582666BN93

JP582666CN92

XS2539968037

US404280DQ93

US404280DR76

Public or private placement

Public

Private

Public

Private

Public

Private

Public

Private

Public

Governing law(s) of the instrument

Laws of the State of New York

English law

Japanese law

Laws of the State of New York

English law

Laws of the State of New York

English law

Laws of the State of New York

English law

Laws of the State of New York

English law

Laws of the State of New York

English law

Laws of the State of New York

English law

Laws of the State of New York

English law

Laws of the State of New York

English law

Laws of the State of New York

Japanese law

English law

Laws of the State of New York

Contractual recognition of write down and conversion powers of resolution authorities

Yes

Regulatory treatment

Current treatment taking into account, where applicable, transitional CRR rules

N/A

Post-transitional CRR rules

N/A

Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated

N/A

Instrument type (types to be specified by each jurisdiction)

Bond

Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) 2

USD 2,739m

USD 769m

USD 0m

USD 600m

USD 0m

USD 100m

USD 480m

USD 517m

USD 697m

USD 2,751m

USD 0m

USD 2,297m

USD 2,346m

USD 2,000m

USD 1,985m

USD 2,863m

USD 749m

USD 2,402m

USD 2,431m

USD 500m

USD 783m

USD 1,200m

USD 1,011m

USD 555m

USD 1,744m

USD 2,014m

USD 1,100m

USD 440m

USD 237m

USD 1,308m

USD 1,069m

USD 422m

USD 181m

USD 1,883m

USD 2,391m

USD 1,902m

USD 1,410m

USD 1,937m

USD 1,321m

USD 1,907m

USD 1,012m

USD 952m

USD 1,923m

USD 1,205m

USD 1,829m

USD 2,523m

USD 177m

USD 398m

USD 1,898m

USD 1,457m

USD 272m

USD 534m

USD 975m

USD 300m

USD 256m

USD 500m

USD 1,203m

USD 2,256m

USD 1,480m

USD 154m

USD 1,644m

USD 499m

USD 270m

USD 184m

USD 1,210m

USD 2,129m

USD 2,023m

USD 2,118m

USD 2,250m

USD 339m

USD 315m

USD 106m

USD 80m

USD 1,748m

USD 2,273m

Nominal amount of instrument

USD 3,000m

GBP 750m (USD 903m)

CAD 1,000m (USD 737m)

JPY 79,300m (USD 600m)

JPY 59,300m (USD 449m)

JPY 13,100m (USD 99m)

JPY 64,400m (USD 487m)

JPY 67,600m (USD 511m)

USD 750m

USD 3,000m

USD 2,000m

USD 2,500m

USD 2,000m

USD 3,000m

USD 750m

USD 2,500m

USD 500m

GBP 650m (USD 783m)

EUR 1,250m (USD 1,334m)

GBP 1,000m (USD 1,205m)

NOK 5,900m (USD 599m)

USD 2,000m

EUR 2,000m (USD 2,135m)

GBP 1,000m (USD 1,205m)

AUD 650m (USD 440m)

AUD 350m (USD 237m)

EUR 1,250m (USD 1,334m)

GBP 1,000m (USD 1,205m)

GBP 350m (USD 422m)

GBP 150m (USD 181m)

USD 2,000m

USD 2,500m

USD 2,000m

USD 1,500m

USD 2,000m

USD 1,500m

USD 2,000m

EUR 1,000m (USD 1,067m)

USD 2,000m

GBP 1,000m (USD 1,205m)

USD 2,000m

USD 3,000m

HKD 1,500m (USD 192m)

CNH 2,750m (USD 398m)

USD 2,000m

USD 1,500m

JPY 36,000m (USD 272m)

EUR 500m (USD 534m)

EUR 1,000m (USD 1,067m)

CHF 300m (USD 324m)

CHF 275m (USD 297m)

USD 500m

USD 1,250m

USD 2,500m

USD 1,750m

EUR 186m (USD 199m)

USD 1,750m

USD 500m

USD 415m

CHF 175m (USD 189m)

USD 1,250m

USD 2,250m

EUR 2,000m (USD 2,135m)

USD 2,250m

USD 2,500m

JPY 44,700m (USD 338m)

JPY 41,500m (USD 314m)

JPY 13,900m (USD 105m)

EUR 75m (USD 80m)

USD 1,750m

USD 2,250m

UK-9a

Issue price

100.000 %

99.822 %

100.000 %

UK-9b

Redemption price

100.000 %

104.500 %

100.000 %

Accounting classification

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Liability - amortised cost

Liability - fair value

Original date of issuance

22 May 2019

29 May 2019

05 Dec 2016

14 Sep 2018

26 Sep 2016

14 Sep 2018

26 Sep 2016

14 Sep 2018

17 Nov 2011

08 Mar 2016

25 May 2016

13 Mar 2017

18 May 2018

19 Jun 2018

12 Sep 2018

11 Mar 2019

20 May 2009

15 Mar 2016

16 Aug 2016

02 Sep 2016

08 Sep 2016

06 Sep 2016

13 Nov 2017

16 Nov 2017

04 Dec 2018

12 Mar 2019

10 Sep 2019

24 Sep 2019

07 Nov 2019

31 Mar 2020

04 Jun 2020

18 Aug 2020

22 Sep 2020

13 Nov 2020

24 Nov 2020

24 Mar 2021

24 May 2021

03 Jun 2021

29 Jun 2021

17 Aug 2021

24 Sep 2021

03 Nov 2021

22 Nov 2021

09 Dec 2021

10 Mar 2022

18 Mar 2022

01 Jun 2022

09 Jun 2022

15 Jun 2022

11 Aug 2022

15 Sep 2022

30 Sep 2022

03 Nov 2022

Perpetual or dated

Dated

Original maturity date

22 May 2030

29 May 2030

05 Dec 2023

13 Sep 2024

26 Sep 2023

14 Sep 2026

25 Sep 2026

14 Sep 2028

14 Jan 2042

08 Mar 2026

25 May 2023

25 May 2026

13 Mar 2028

18 May 2024

19 Jun 2029

12 Sep 2026

11 Mar 2025

20 May 2024

15 Mar 2027

16 Aug 2028

02 Mar 2027

08 Sep 2036

06 Sep 2024

13 Nov 2026

16 Feb 2024

04 Dec 2024

22 Jul 2028

31 Oct 2025

07 Nov 2025

31 Mar 2030

04 Jun 2026

04 Jun 2031

18 Apr 2026

18 Aug 2031

22 Sep 2028

13 Nov 2026

13 Nov 2031

24 May 2027

24 Jul 2027

24 May 2025

24 May 2032

03 Jun 2027

29 Jun 2027

17 Aug 2029

17 Aug 2024

24 Mar 2028

24 Sep 2026

24 Sep 2029

03 Nov 2027

03 Nov 2031

22 Nov 2024

22 Nov 2027

22 Nov 2032

09 Dec 2032

10 Mar 2026

18 Mar 2052

01 Jun 2026

09 Dec 2025

09 Jun 2028

15 Jun 2027

11 Aug 2028

11 Aug 2033

15 Sep 2026

15 Sep 2028

15 Sep 2032

30 Sep 2032

03 Nov 2026

03 Nov 2028

Issuer call subject to prior supervisory approval

Yes

Optional call date, contingent call dates and redemption amount

22 May 2029 / Tax event at any time / Par

29 May 2029 / Tax event at any time / Par

Tax event at any time / Par

13 Sep 2023 / Tax or Loss absorption disqualification event at any time / Par

Tax event at any time / Par

14 Sep 2025 / Tax or Loss absorption disqualification event at any time / Par

Tax event at any time / Par

14 Sep 2027 / Tax or Loss absorption disqualification event at any time / Par

Tax event at any time / Par

13 Mar 2027 / Tax event at any time / Par

18 May 2023 / Tax event at any time / Par

19 Jun 2028 / Tax event at any time / Par

12 Sep 2025 / Tax event at any time / Par

11 Mar 2024 / Tax event at any time / Par

Tax event at any time / Par

13 Nov 2025 / Tax event at any time / Par

16 Feb 20236 / Tax event at any time / Par

04 Dec 2023 / Tax or Loss absorption disqualification event at any time / Par

22 Jul 2027 / Tax event at any time / Par

31 Oct 2024 / Tax or Regulatory event at any time / Par

31 Oct 2024 / Tax event at any time / Par

07 Nov 2024 / Tax event at any time / Par

Tax event at any time / Par

04 Jun 2025 / Tax event at any time / Par

04 Jun 2030 / Tax event at any time / Par

18 Apr 2025 / Tax event at any time / Par

18 Aug 2030 / Tax event at any time / Par

22 Sep 2027 / Tax event at any time / Par

13 Nov 2025/ Tax or Loss absorption disqualification 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 2024 (or 24 Nov 2021 per Make Whole Call) / Tax 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)

3 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)

17 Aug 2023 (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 2025 / Tax or Loss absorption disqualification event at any time / Par

24 Sep 2028 / Tax or Loss absorption disqualification event at any time / Par

3 Nov 2026 / Tax or Loss absorption disqualification event at any time / Par

3 Nov 2030 / Tax or Loss absorption disqualification event at any time / Par

22 Nov 2023 / Tax or Loss absorption disqualification event at any time / Par

22 Nov 2023 (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 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)

9 Dec 2031 (or 9 Jun 2022 per Make Whole Call) / Tax or Loss absorption disqualification event at any time / Par or Make Whole Amount (as applicable)

10 Mar 2025 (or 10 Sep 2022 per Make Whole Call) / Tax or Loss absorption disqualification event at any time / Par or Make Whole Amount (as applicable)

10 Mar 2025 / Tax or Loss absorption disqualification event at any time / Par

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.

1 Jun 2025 / Tax or Loss absorption disqualification event at any time / Par

9 Dec 2024 (or 9 Dec 2022 per Make Whole Call) / Tax or Loss absorption disqualification event at any time / Par or Make Whole Amount (as applicable)

9 Jun 2027 (or 9 Dec 2022 per Make Whole Call) / Tax or Loss absorption disqualification event at any time / Par or Make Whole Amount (as applicable)

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)
tc={F7033415-595C-4C1C-80DD-1AEFF848D918}: [Threaded comment] Your version of Excel allows you to read this threaded comment; however, any edits to it will get removed if the file is opened in a newer version of Excel. Learn more: https://go.microsoft.com/fwlink/?linkid=870924 Comment: was (or 15 Jun 2022...

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 2025 / Tax or Loss absorption disqualification event at any time / Par

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

3 Nov 2025 (or 3 May 2023 per Make Whole Call) / Tax or Loss absorption disqualification event at any time / Par or Make Whole Amount (as applicable)

3 Nov 2027 (or 3 May 2023 per Make Whole Call) / Tax or Loss absorption disqualification event at any time / Par or Make Whole Amount (as applicable)

Subsequent call dates, if applicable

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 2024 per Make Whole Call

N/A or at any time to 24 May 2031 per Make Whole Call

N/A

N/A or at any time to 17 Aug 2028 per Make Whole Call

N/A or at any time to 17 Aug 2023 per Make Whole Call

N/A

N/A or at any time to 22 Nov 2023 per Make Whole Call

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 9 Dec 2031 per Make Whole Call

N/A or at any time to 10 Mar 2025 per Make Whole Call

N/A

Every year thereafter up to 18 March 2051

N/A

N/A or at any time to 9 Dec 2024 per Make Whole Call

N/A or at any time to 9 Jun 2027 per Make Whole Call

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

At any time to 30 Sep 2032 per Make Whole Call

N/A or at any time to 3 Nov 2025 per Make Whole Call

N/A or at any time to 3 Nov 2027 per Make Whole Call

Coupons / dividends

Fixed or floating dividend/coupon

Fixed to floating

Fixed

Fixed to floating

Fixed

Fixed to floating

Fixed

Fixed to floating

Fixed

Fixed to floating

Floating

Fixed to floating

Floating

Fixed to floating

Floating

Fixed

Fixed to floating

Floating

Fixed to floating

Fixed

Fixed to floating

Fixed to Floating

Fixed to floating

Fixed

Fixed to Floating

Fixed to floating

Fixed to Floating

Fixed

Floating

Fixed to Floating

Fixed to floating

Floating

Other coupon type

Fixed

Fixed to Floating

Fixed to floating

Fixed

Fixed to floating

Coupon rate and any related index

From 22/05/2029 rate changes from fixed 3.973% to 3 month USD LIBOR + 1.610%

From 29/05/2029 rate changes from fixed 3.000% to GBP Mid-Market Swap Rate + 1.770%

3.196%

From 13/09/2023 rate changes from fixed 0.575% to 6 month JPY LIBOR + 0.400%

0.842%

From 14/09/2025 rate changes from fixed 0.797% to 6 month JPY LIBOR + 0.550%

1.207%

From 14/09/2027 rate changes from fixed 0.924% to 1 year JPY Swap Offer Rate + 0.600%

6.100%

4.300%

3.600%

3.900%

From 13/03/2027 rate changes from fixed 4.041% to 3 month USD LIBOR + 1.546%

3 month USD LIBOR + 1.000%

From 18/05/2023 rate changes from fixed 3.950% to 3 month USD LIBOR + 0.987%

From 19/06/2028 rate changes from fixed 4.583% to 3 month USD LIBOR + 1.535%

3 month USD LIBOR + 1.380%

From 12/09/2025 rate changes from fixed 4.292% to 3 month USD LIBOR + 1.348%

From 11/03/2024 rate changes from fixed 3.803% to 3 month USD LIBOR + 1.211%

3 month USD LIBOR + 1.230%

6.500%

2.500%

2.625%

3.100%

4.000%

0.875%

From 13/11/2025 rate changes from fixed 2.256% to 1 year SONIA Mid-Swap rate + 1.317%

3 month BBSW + 1.100%

From 16/02/2023 rate changes from fixed 3.350% to 3 month BBSW + 1.100%

From 04/12/2023 rate changes from fixed 1.500% to 3 month Euribor + 1.360%

From 22/07/2027 rate changes from fixed 3.000% to GBP Mid-Market Swap Rate + 1.650%

From 31/10/2024 rate resets from fixed 1.878% to Benchmark Gilt rate + 1.600%

From 31/10/2024 rate resets from fixed 2.100% to Benchmark Gilt rate + 1.610%

From 07/11/2024 rate changes from fixed 2.633% to 3 month USD LIBOR + 1.140%

4.950%

From 04/06/2025 rate changes from fixed 2.099% to SOFR + 1.929%

From 04/06/2030 rate changes from fixed 2.848% to SOFR + 2.387%

From 18/04/2025 rate changes from fixed 1.645% to SOFR + 1.538%

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 13/11/2025 rate changes from fixed 0.309% to 3 month Euribor + 0.818%

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 24/05/2024 rate changes from fixed 0.976% to SOFR + 0.708%

From 24/05/2031 rate changes from fixed 2.804% to SOFR + 1.187%

1.550%

3.400%

From 17/08/2028 rate changes from fixed 2.206% to SOFR + 1.285%

From 17/08/2023 rate changes from fixed 0.732% to SOFR + 0.534%

From 24/03/2027 rate resets from fixed 0.459% to 1 year JGB rate + 0.554%

From 24/09/2025 rate resets from floating 3 month Euribor + 1.000% to 3 month Euribor + 0.500%

From 24/09/2028 rate changes from fixed 0.641% to 3 month Euribor + 0.777%

0.320%

0.813%

SOFR + 0.580%

From 22/11/2023 rate changes from fixed 1.162% to SOFR + 0.580%

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%

From 10/03/2025 rate changes from fixed 2.999% to SOFR + 1.430%

SOFR + 1.430%

Zero coupon rate with accrual yield of 4.050%

1.805%

From 09/12/2024 rate changes from fixed 4.180% to SOFR + 1.510%
tc={464ADE97-1CE9-4627-8120-060B30D9E7C7}: [Threaded comment] Your version of Excel allows you to read this threaded comment; however, any edits to it will get removed if the file is opened in a newer version of Excel. Learn more: https://go.microsoft.com/fwlink/?linkid=870924 Comment: was from 09/12/2025

From 09/06/2027 rate changes from fixed 4.755% to SOFR + 2.110%

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 16/09/2025 rate resets from fixed 1.478% to JPY 1-year TONA Tokyo Swap Rate + 1.350%

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%

From 03/11/2025 rate changes from fixed 7.336% to SOFR + 3.030%

From 03/11/2027 rate changes from fixed 7.390% to SOFR + 3.350%

Existence of a dividend stopper

UK-20a

Fully discretionary, partially discretionary or mandatory (in terms of timing)

Mandatory

UK-20b

Fully discretionary, partially discretionary or mandatory (in terms of amount)

Mandatory

Existence of step up or other incentive to redeem

No
tc={B12BAD9D-3092-49CC-BFB0-97F92ADA8712}: [Threaded comment] Your version of Excel allows you to read this threaded comment; however, any edits to it will get removed if the file is opened in a newer version of Excel. Learn more: https://go.microsoft.com/fwlink/?linkid=870924 Comment: was N/A

Non-cumulative or cumulative

Cumulative

Convertible or non-convertible

Convertible

Non-convertible

Convertible

If convertible, conversion trigger(s)

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

Triggers to statutory bail-in power under UK Banking Act 2009 - UK BoE/PRA - Contractual recognition

N/A

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

Triggers to statutory bail-in power under UK Banking Act 2009 - UK BoE/PRA - Statutory and contractual recognition