HSBC Holdings elects make-whole redemption of US$1,276,632,000 outstanding 7.390% senior unsecured notes due 2028

Redemption scope: HSBC will redeem the securities in whole under a make-whole election on 9 November 2026.

Outstanding principal: US$1,276,632,000 remains outstanding from an original issue size of US$2,250,000,000.

Redemption price: the greater of 100% of the outstanding principal amount or the make-whole amount based on the Reference Treasury Rate plus 50 basis points, discounted semi-annually on a 30/360 basis from 3 November 2027.

Interest payment: accrued but unpaid interest from 3 November 2026 to the redemption date will be paid on 9 November 2026, and interest ceases to accrue on and after that date.

Pricing communication: the Make-Whole Redemption Amount will be determined and communicated by a widely disseminated press release to holders on the third Business Day preceding the redemption date.

Indenture parties: The Bank of New York Mellon, London Branch is trustee, and HSBC Bank USA, National Association is paying agent, registrar and calculation agent under the 26 August 2009 base indenture as supplemented by the 27th supplemental indenture dated 3 November 2022.

Surrender: securities should be surrendered at the registered office of HSBC Bank USA at 66 Hudson Boulevard East, 545W9, New York, NY 10001, Attention: Issuer Services.