# HSBC Holdings plc
Main features of regulatory capital instruments and eligible instruments
31 December 2025

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Page 1

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 (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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Page 2

## Counts towards own funds and MREL requirements: CET1

| | | HSBC Holdings plc | Hang Seng Bank Limited (Non-Controlling Interest portion)$^3$ | HSBC Bank Malta plc (Non-Controlling Interest portion)$^4$ |
|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Bank Malta plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) | GB0005405286 | HK0011000095 | MT0000030107 |
| 2a | Public or private placement | Public | Public | Public |
| 3 | Governing law(s) of the instrument | English law | Laws of Hong Kong | Laws of Malta |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | N/A | N/A | N/A |
| \multicolumn{5}{|l|}{\textbf{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 |
| 5 | Post-transitional CRR rules | 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 |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 8,682m | USD 459m | USD 38m |
| 9 | Nominal amount of instrument | | No par value, NCI portion of share capital - HKD 3,569m (USD 459m) | EUR 32m (USD 38m) |
| UK-9a | Issue price | USD 0.500 per share | Various | EUR 0.300 per share |
| UK-9b | Redemption price | USD 0.500 per share | Various | EUR 0.300 per share |
| 10 | Accounting classification | Shareholders' equity | Non-controlling interest in consolidated subsidiary | Non-controlling interest in consolidated subsidiary |
| 11 | Original date of issuance | - | - | - |
| 12 | Perpetual or dated | 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 | - | - | - |
| \multicolumn{5}{|l|}{\textbf{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 |
| 23 | Convertible or non-convertible | Non-convertible | Non-convertible | Non-convertible |
| 24 | If convertible, conversion trigger(s) | N/A | N/A | N/A |
| 25 | If convertible, fully or partially | N/A | N/A | N/A |
| 26 | If convertible, conversion rate | N/A | N/A | N/A |
| 27 | If convertible, mandatory or optional conversion | N/A | N/A | N/A |
| 28 | If convertible, specify instrument type convertible into | N/A | N/A | N/A |
| 29 | If convertible, specify issuer of instrument it converts into | N/A | N/A | N/A |
| 30 | Write-down features | N/A | N/A | N/A |
| 31 | If write-down, write-down trigger(s) | N/A | N/A | N/A |
| 32 | If write-down, full or partial | N/A | N/A | N/A |
| 33 | If write-down, permanent or temporary | N/A | N/A | N/A |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 |
| 36 | Non-compliant transitioned features | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | Available on request | Available on request | Available on request |

$^1$ 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.
$^3$ 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.

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## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280BL25 | XS1640903701 | US404280BP39 | XS1884698256 | US404280CN71 |
| 2a | Public or private placement | Public | Public | Public | Public | Public |
| 3 | Governing law(s) of the instrument | 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 | Contractual recognition of write down and conversion powers of resolution authorities | Yes | No | Yes | Yes | Yes |
| \multicolumn{7}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 3,000m | USD 1,421m | USD 1,800m | GBP 1,000m (USD 1,341m) | USD 1,500m |
| 9 | Nominal amount of instrument | USD 3,000m | USD 1,421m | USD 1,800m | GBP 1,000m (USD 1,341m) | USD 1,500m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 22 May 2017 | 04 Jul 2017 | 23 Mar 2018 | 28 Sep 2018 | 17 Dec 2020 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | Subsequent call dates, if applicable | 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 |
| \multicolumn{7}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | 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 | Existence of a dividend stopper | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Fully Discretionary | Fully Discretionary | Fully Discretionary | Fully Discretionary | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Fully Discretionary | Fully Discretionary | Fully Discretionary | Fully Discretionary | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 | 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 |
| 25 | If convertible, fully or partially | Always convert fully | Always convert fully | Always convert fully | Always convert fully | Always convert fully |
| 26 | If convertible, conversion rate | 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 | If convertible, mandatory or optional conversion | 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 | If convertible, specify instrument type convertible into | Common Equity Tier 1 | Common Equity Tier 1 | Common Equity Tier 1 | Common Equity Tier 1 | Common Equity Tier 1 |
| 29 | If convertible, specify issuer of instrument it converts into | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 | 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 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Non-compliant transitioned features | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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 |

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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## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280CP20 | US404280CQ03 | US404280DT33 | XS2764959842 | US404280EH85 | US404280EJ42 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,000m | USD 1,000m | USD 1,996m | SGD 1,500m (USD 1,166m) | USD 1,347m | USD 1,148m |
| 9 | Nominal amount of instrument | USD 1,000m | USD 1,000m | USD 2,000m | SGD 1,500m (USD 1,166m) | USD 1,350m | USD 1,150m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 09 Mar 2021 | 09 Mar 2021 | 23 Mar 2023 | 14 Jun 2024 | 11 Sep 2024 | 11 Sep 2024 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | From 6 months prior to 11 Sep 2034 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | 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. | From 11/09/2034 rate resets from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Fully Discretionary | Fully Discretionary | Fully Discretionary | Fully Discretionary | Fully Discretionary | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Fully Discretionary | Fully Discretionary | Fully Discretionary | Fully Discretionary | Fully Discretionary | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 | 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 |
| 25 | If convertible, fully or partially | Always convert fully | Always convert fully | Always convert fully | Always convert fully | Always convert fully | Always convert fully |
| 26 | If convertible, conversion rate | 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 | GBP 3.55 per Conversion Share |
| 27 | If convertible, mandatory or optional conversion | 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 | Mandatory upon the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 - 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 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Immediately subordinate to Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280EJ42 |

---
## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280FP20 | US404280FQ79 | US404280FV63 | XS3023923314 | US404280FA24 | US404280AF65 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,500m | USD 1,300m | USD 1,148m | SGD 800m (USD 622m) | USD 1,500m | USD 1,000m |
| 9 | Nominal amount of instrument | USD 1,500m | USD 1,300m | USD 1,150m | SGD 800m (USD 622m) | USD 1,500m | USD 1,000m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 19 Nov 2020 | 28 Mar 2021 | 11 Sep 2024 | 14 Jun 2024 | 11 Sep 2024 | 09 Mar 2021 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 19 Nov 2029 / Tax or Capital Disqualification Event at any time / Par | 28 Mar 2031 / Tax or Capital Disqualification Event at any time / Par | 11 Sep 2034 / 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 | 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | From 19/11/2029 rate changes from fixed 6.000% to SOFR + 2.150% | From 28/03/2031 rate changes from fixed 5.150% to SOFR + 2.050% | From 11/09/2034 rate changes from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, 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. | From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 - 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 | Triggers to statutory bail-in 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 | If convertible, 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 | Always convert fully |
| 26 | If convertible, conversion rate | 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 | USD 3.4799 per Conversion Share |
| 27 | If convertible, mandatory or optional 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 the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | If write-down, write-down 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 - 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FP20 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FQ79 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FV63 | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AF65 |

---
## Counts towards own funds and MREL requirements: Tier 2

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | XS0159497162 | XS0356452929 | XS0387079907 | XS0498768315 | US404280AQ21 | XS0120514335 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | Governing law(s) of the instrument | 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 | English law |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | No | No | No | No | Yes | No |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 5 | Post-transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Solo, sub-consolidated and consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)$^1$ | USD 331m | USD 1,044m | USD 497m | USD 1,167m | USD 1,190m | USD 71m |
| 9 | Nominal amount of instrument | GBP 650m (USD 872m) | GBP 750m (USD 1,006m) | GBP 650m (USD 872m) | GBP 900m (USD 1,207m) | USD 1,500m | GBP 157m (USD 210m) |
| UK-9a | Issue price | 99.901% | 99.649% $^3$ | 99.475% | 99.801% | 98.912% | 98.825% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Liability fair value | Liability amortised cost | Liability - amortised cost | Liability amortised cost | Liability - amortised cost | Liability fair value |
| 11 | Original date of issuance | 20 Dec 2002 | 07 Apr 2008 | 11 Sep 2008 | 29 Mar 2010 | 12 Mar 2014 | 24 Mar 2006 |
| 12 | Perpetual or dated | Dated | Dated | Dated | Dated | Dated | Dated |
| 13 | Original maturity date | 20 Dec 2027 | 07 Apr 2038 | 11 Sep 2028 | 29 Mar 2040 | 14 Mar 2044 | 24 Mar 2046 |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | Tax event at any time / Par |
| 16 | Subsequent call dates, if applicable | N/A | N/A | N/A | N/A | N/A | N/A |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| 18 | Coupon rate and any related index | 5.750% | 7.000% | 6.750% | 6.000% | 5.250% | 6.250% |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | If convertible, conversion 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 | 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 |
| 25 | If convertible, 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 | May convert fully or partially |
| 26 | If convertible, conversion rate | 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 | If convertible, mandatory or optional 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 |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 | 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS0120514335 |

$^3$ * Tranche 1 issued at 99.649% on 07 Apr 2008, Tranche 2 issued at 109.531% on 11 Jun 2008.

---
## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280FP20 | US404280FQ79 | US404280FV63 | XS3023923314 | US404280FA24 | US404280AF65 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,500m | USD 1,300m | USD 1,148m | SGD 800m (USD 622m) | USD 1,347m | USD 1,000m |
| 9 | Nominal amount of instrument | USD 1,500m | USD 1,300m | USD 1,150m | SGD 800m (USD 622m) | USD 1,350m | USD 1,000m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 19 Nov 2020 | 28 Mar 2021 | 11 Sep 2024 | 14 Jun 2024 | 11 Sep 2024 | 09 Mar 2021 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 19 Nov 2029 / Tax or Capital Disqualification Event at any time / Par | 28 Mar 2031 / Tax or Capital Disqualification Event at any time / Par | 11 Sep 2034 / 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 | 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | From 19/11/2029 rate changes from fixed 6.000% to SOFR + 2.150% | From 28/03/2031 rate changes from fixed 5.150% to SOFR + 2.050% | From 11/09/2034 rate changes from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, 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. | From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 - 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 | Triggers to statutory bail-in 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 | If convertible, 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 | Always convert fully |
| 26 | If convertible, conversion rate | 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 | USD 3.4799 per Conversion Share |
| 27 | If convertible, mandatory or optional 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 the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | If write-down, write-down 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 - 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FP20 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FQ79 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FV63 | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AF65 |

---
## Counts towards own funds and MREL requirements: Tier 2

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | XS1428953407 | XS1473485925 | XS1481198213 | XS1481811872 | US404280BK42 | US404280BT50 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | Governing law(s) of the instrument | English law | English law | English law | 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 |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | No | No | No | No | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 5 | Post-transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)$^1$ | USD 531m | USD 1,044m | USD 497m | USD 1,167m | USD 1,190m | USD 1,347m |
| 9 | Nominal amount of instrument | GBP 650m (USD 872m) | GBP 750m (USD 1,006m) | GBP 650m (USD 872m) | GBP 900m (USD 1,207m) | USD 1,500m | USD 1,350m |
| UK-9a | Issue price | 99.901% | 99.649% $^3$ | 99.475% | 99.801% | 98.912% | 99.858% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Liability fair value | Liability amortised cost | Liability - amortised cost | Liability amortised cost | Liability - fair value | Liability - fair value |
| 11 | Original date of issuance | 20 Dec 2002 | 07 Apr 2008 | 11 Sep 2008 | 29 Mar 2010 | 12 Mar 2014 | 18 Aug 2020 |
| 12 | Perpetual or dated | Dated | Dated | Dated | Dated | Dated | Dated |
| 13 | Original maturity date | 20 Dec 2027 | 07 Apr 2038 | 11 Sep 2028 | 29 Mar 2040 | 14 Mar 2044 | 18 Aug 2031 |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | Tax Event at any time / Par |
| 16 | Subsequent call dates, if applicable | N/A | N/A | N/A | N/A | N/A | N/A |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| 18 | Coupon rate and any related index | 5.750% | 7.000% | 6.750% | 6.000% | 5.250% | 5.375% |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | If convertible, conversion 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 | 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 |
| 25 | If convertible, 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 | May convert fully or partially |
| 26 | If convertible, conversion rate | 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 | If convertible, mandatory or optional 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 |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 | 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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=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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS0120514335 |

---
## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280FP20 | US404280FQ79 | US404280FV63 | XS3023923314 | US404280FA24 | US404280AF65 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,500m | USD 1,300m | USD 1,148m | SGD 800m (USD 622m) | USD 1,347m | USD 1,000m |
| 9 | Nominal amount of instrument | USD 1,500m | USD 1,300m | USD 1,150m | SGD 800m (USD 622m) | USD 1,350m | USD 1,000m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 19 Nov 2020 | 28 Mar 2021 | 11 Sep 2024 | 14 Jun 2024 | 11 Sep 2024 | 09 Mar 2021 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 19 Nov 2029 / Tax or Capital Disqualification Event at any time / Par | 28 Mar 2031 / Tax or Capital Disqualification Event at any time / Par | 11 Sep 2034 / 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 | 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | From 19/11/2029 rate changes from fixed 6.000% to SOFR + 2.150% | From 28/03/2031 rate changes from fixed 5.150% to SOFR + 2.050% | From 11/09/2034 rate changes from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, 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. | From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 - 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 | Triggers to statutory bail-in 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 | If convertible, 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 | Always convert fully |
| 26 | If convertible, conversion rate | 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 | USD 3.4799 per Conversion Share |
| 27 | If convertible, mandatory or optional 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 the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | If write-down, write-down 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 - 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FP20 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FQ79 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FV63 | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AF65 |

---
## Counts towards own funds and MREL requirements: Tier 2

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | XS1428953407 | XS0356452929 | XS0387079907 | XS0498768315 | US404280AQ21 | XS0120514335 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | Governing law(s) of the instrument | 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 | English law |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | No | No | No | No | Yes | No |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 5 | Post-transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Solo, sub-consolidated and consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)$^1$ | USD 531m | USD 1,044m | USD 497m | USD 1,167m | USD 1,190m | USD 71m |
| 9 | Nominal amount of instrument | GBP 650m (USD 872m) | GBP 750m (USD 1,006m) | GBP 650m (USD 872m) | GBP 900m (USD 1,207m) | USD 1,500m | GBP 157m (USD 210m) |
| UK-9a | Issue price | 99.901% | 99.649% $^3$ | 99.475% | 99.801% | 98.912% | 98.825% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Liability fair value | Liability amortised cost | Liability - amortised cost | Liability amortised cost | Liability - amortised cost | Liability fair value |
| 11 | Original date of issuance | 20 Dec 2002 | 07 Apr 2008 | 11 Sep 2008 | 29 Mar 2010 | 12 Mar 2014 | 24 Mar 2006 |
| 12 | Perpetual or dated | Dated | Dated | Dated | Dated | Dated | Dated |
| 13 | Original maturity date | 20 Dec 2027 | 07 Apr 2038 | 11 Sep 2028 | 29 Mar 2040 | 14 Mar 2044 | 24 Mar 2046 |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | Tax event at any time / Par |
| 16 | Subsequent call dates, if applicable | N/A | N/A | N/A | N/A | N/A | N/A |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| 18 | Coupon rate and any related index | 5.750% | 7.000% | 6.750% | 6.000% | 5.250% | 6.250% |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | If convertible, conversion 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 | 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 |
| 25 | If convertible, 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 | May convert fully or partially |
| 26 | If convertible, conversion rate | 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 | If convertible, mandatory or optional 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 |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 | 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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=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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS0120514335 |

---
## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280FP20 | US404280FQ79 | US404280FV63 | XS3023923314 | US404280FA24 | US404280AF65 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,500m | USD 1,300m | USD 1,148m | SGD 800m (USD 622m) | USD 1,347m | USD 1,000m |
| 9 | Nominal amount of instrument | USD 1,500m | USD 1,300m | USD 1,150m | SGD 800m (USD 622m) | USD 1,350m | USD 1,000m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 19 Nov 2020 | 28 Mar 2021 | 11 Sep 2024 | 14 Jun 2024 | 11 Sep 2024 | 09 Mar 2021 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 19 Nov 2029 / Tax or Capital Disqualification Event at any time / Par | 28 Mar 2031 / Tax or Capital Disqualification Event at any time / Par | 11 Sep 2034 / 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 | 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | From 19/11/2029 rate changes from fixed 6.000% to SOFR + 2.150% | From 28/03/2031 rate changes from fixed 5.150% to SOFR + 2.050% | From 11/09/2034 rate changes from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, 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. | From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 - 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 | Triggers to statutory bail-in 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 | If convertible, 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 | Always convert fully |
| 26 | If convertible, conversion rate | 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 | USD 3.4799 per Conversion Share |
| 27 | If convertible, mandatory or optional 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 the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | If write-down, write-down 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 - 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FP20 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FQ79 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FV63 | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AF65 |

---
## Counts towards own funds and MREL requirements: Tier 2

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | XS1428953407 | XS0356452929 | XS0387079907 | XS0498768315 | US404280AQ21 | XS0120514335 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | Governing law(s) of the instrument | 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 | English law |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | No | No | No | No | Yes | No |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 5 | Post-transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Solo, sub-consolidated and consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)$^1$ | USD 531m | USD 1,044m | USD 497m | USD 1,167m | USD 1,190m | USD 71m |
| 9 | Nominal amount of instrument | GBP 650m (USD 872m) | GBP 750m (USD 1,006m) | GBP 650m (USD 872m) | GBP 900m (USD 1,207m) | USD 1,500m | GBP 157m (USD 210m) |
| UK-9a | Issue price | 99.901% | 99.649% $^3$ | 99.475% | 99.801% | 98.912% | 98.825% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Liability fair value | Liability amortised cost | Liability - amortised cost | Liability amortised cost | Liability - amortised cost | Liability fair value |
| 11 | Original date of issuance | 20 Dec 2002 | 07 Apr 2008 | 11 Sep 2008 | 29 Mar 2010 | 12 Mar 2014 | 24 Mar 2006 |
| 12 | Perpetual or dated | Dated | Dated | Dated | Dated | Dated | Dated |
| 13 | Original maturity date | 20 Dec 2027 | 07 Apr 2038 | 11 Sep 2028 | 29 Mar 2040 | 14 Mar 2044 | 24 Mar 2046 |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | Tax event at any time / Par |
| 16 | Subsequent call dates, if applicable | N/A | N/A | N/A | N/A | N/A | N/A |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| 18 | Coupon rate and any related index | 5.750% | 7.000% | 6.750% | 6.000% | 5.250% | 6.250% |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | If convertible, conversion 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 | 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 |
| 25 | If convertible, 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 | May convert fully or partially |
| 26 | If convertible, conversion rate | 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 | If convertible, mandatory or optional 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 |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 | 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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=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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS0120514335 |

---
## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280FP20 | US404280FQ79 | US404280FV63 | XS3023923314 | US404280FA24 | US404280AF65 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,500m | USD 1,300m | USD 1,148m | SGD 800m (USD 622m) | USD 1,347m | USD 1,000m |
| 9 | Nominal amount of instrument | USD 1,500m | USD 1,300m | USD 1,150m | SGD 800m (USD 622m) | USD 1,350m | USD 1,000m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 19 Nov 2020 | 28 Mar 2021 | 11 Sep 2024 | 14 Jun 2024 | 11 Sep 2024 | 09 Mar 2021 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 19 Nov 2029 / Tax or Capital Disqualification Event at any time / Par | 28 Mar 2031 / Tax or Capital Disqualification Event at any time / Par | 11 Sep 2034 / 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 | 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | From 19/11/2029 rate changes from fixed 6.000% to SOFR + 2.150% | From 28/03/2031 rate changes from fixed 5.150% to SOFR + 2.050% | From 11/09/2034 rate changes from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, 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. | From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 - 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 | Triggers to statutory bail-in 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 | If convertible, 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 | Always convert fully |
| 26 | If convertible, conversion rate | 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 | USD 3.4799 per Conversion Share |
| 27 | If convertible, mandatory or optional 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 the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | If write-down, write-down 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 - 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FP20 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FQ79 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FV63 | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AF65 |

---
## Counts towards own funds and MREL requirements: Tier 2

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | XS1428953407 | XS0356452929 | XS0387079907 | XS0498768315 | US404280AQ21 | XS0120514335 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | Governing law(s) of the instrument | 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 | English law |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | No | No | No | No | Yes | No |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 5 | Post-transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Solo, sub-consolidated and consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)$^1$ | USD 531m | USD 1,044m | USD 497m | USD 1,167m | USD 1,190m | USD 71m |
| 9 | Nominal amount of instrument | GBP 650m (USD 872m) | GBP 750m (USD 1,006m) | GBP 650m (USD 872m) | GBP 900m (USD 1,207m) | USD 1,500m | GBP 157m (USD 210m) |
| UK-9a | Issue price | 99.901% | 99.649% $^3$ | 99.475% | 99.801% | 98.912% | 98.825% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Liability fair value | Liability amortised cost | Liability - amortised cost | Liability amortised cost | Liability - amortised cost | Liability fair value |
| 11 | Original date of issuance | 20 Dec 2002 | 07 Apr 2008 | 11 Sep 2008 | 29 Mar 2010 | 12 Mar 2014 | 24 Mar 2006 |
| 12 | Perpetual or dated | Dated | Dated | Dated | Dated | Dated | Dated |
| 13 | Original maturity date | 20 Dec 2027 | 07 Apr 2038 | 11 Sep 2028 | 29 Mar 2040 | 14 Mar 2044 | 24 Mar 2046 |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | Tax event at any time / Par |
| 16 | Subsequent call dates, if applicable | N/A | N/A | N/A | N/A | N/A | N/A |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| 18 | Coupon rate and any related index | 5.750% | 7.000% | 6.750% | 6.000% | 5.250% | 6.250% |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | If convertible, conversion 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 | 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 |
| 25 | If convertible, 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 | May convert fully or partially |
| 26 | If convertible, conversion rate | 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 | If convertible, mandatory or optional 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 |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 | 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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=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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS0120514335 |

---
## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280FP20 | US404280FQ79 | US404280FV63 | XS3023923314 | US404280FA24 | US404280AF65 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,500m | USD 1,300m | USD 1,148m | SGD 800m (USD 622m) | USD 1,347m | USD 1,000m |
| 9 | Nominal amount of instrument | USD 1,500m | USD 1,300m | USD 1,150m | SGD 800m (USD 622m) | USD 1,350m | USD 1,000m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 19 Nov 2020 | 28 Mar 2021 | 11 Sep 2024 | 14 Jun 2024 | 11 Sep 2024 | 09 Mar 2021 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 19 Nov 2029 / Tax or Capital Disqualification Event at any time / Par | 28 Mar 2031 / Tax or Capital Disqualification Event at any time / Par | 11 Sep 2034 / 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 | 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | From 19/11/2029 rate changes from fixed 6.000% to SOFR + 2.150% | From 28/03/2031 rate changes from fixed 5.150% to SOFR + 2.050% | From 11/09/2034 rate changes from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, 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. | From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 - 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 | Triggers to statutory bail-in 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 | If convertible, 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 | Always convert fully |
| 26 | If convertible, conversion rate | 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 | USD 3.4799 per Conversion Share |
| 27 | If convertible, mandatory or optional 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 the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | If write-down, write-down 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 - 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FP20 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FQ79 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FV63 | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AF65 |

---
## Counts towards own funds and MREL requirements: Tier 2

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | XS1428953407 | XS0356452929 | XS0387079907 | XS0498768315 | US404280AQ21 | XS0120514335 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | Governing law(s) of the instrument | 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 | English law |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | No | No | No | No | Yes | No |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 5 | Post-transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Solo, sub-consolidated and consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)$^1$ | USD 531m | USD 1,044m | USD 497m | USD 1,167m | USD 1,190m | USD 71m |
| 9 | Nominal amount of instrument | GBP 650m (USD 872m) | GBP 750m (USD 1,006m) | GBP 650m (USD 872m) | GBP 900m (USD 1,207m) | USD 1,500m | GBP 157m (USD 210m) |
| UK-9a | Issue price | 99.901% | 99.649% $^3$ | 99.475% | 99.801% | 98.912% | 98.825% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Liability fair value | Liability amortised cost | Liability - amortised cost | Liability amortised cost | Liability - amortised cost | Liability fair value |
| 11 | Original date of issuance | 20 Dec 2002 | 07 Apr 2008 | 11 Sep 2008 | 29 Mar 2010 | 12 Mar 2014 | 24 Mar 2006 |
| 12 | Perpetual or dated | Dated | Dated | Dated | Dated | Dated | Dated |
| 13 | Original maturity date | 20 Dec 2027 | 07 Apr 2038 | 11 Sep 2028 | 29 Mar 2040 | 14 Mar 2044 | 24 Mar 2046 |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | Tax event at any time / Par |
| 16 | Subsequent call dates, if applicable | N/A | N/A | N/A | N/A | N/A | N/A |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| 18 | Coupon rate and any related index | 5.750% | 7.000% | 6.750% | 6.000% | 5.250% | 6.250% |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | If convertible, conversion 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 | 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 |
| 25 | If convertible, 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 | May convert fully or partially |
| 26 | If convertible, conversion rate | 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 | If convertible, mandatory or optional 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 |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 | 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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=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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS0120514335 |

---
## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280FP20 | US404280FQ79 | US404280FV63 | XS3023923314 | US404280FA24 | US404280AF65 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,500m | USD 1,300m | USD 1,148m | SGD 800m (USD 622m) | USD 1,347m | USD 1,000m |
| 9 | Nominal amount of instrument | USD 1,500m | USD 1,300m | USD 1,150m | SGD 800m (USD 622m) | USD 1,350m | USD 1,000m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 19 Nov 2020 | 28 Mar 2021 | 11 Sep 2024 | 14 Jun 2024 | 11 Sep 2024 | 09 Mar 2021 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 19 Nov 2029 / Tax or Capital Disqualification Event at any time / Par | 28 Mar 2031 / Tax or Capital Disqualification Event at any time / Par | 11 Sep 2034 / 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 | 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | From 19/11/2029 rate changes from fixed 6.000% to SOFR + 2.150% | From 28/03/2031 rate changes from fixed 5.150% to SOFR + 2.050% | From 11/09/2034 rate changes from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, 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. | From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 - 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 | Triggers to statutory bail-in 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 | If convertible, 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 | Always convert fully |
| 26 | If convertible, conversion rate | 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 | USD 3.4799 per Conversion Share |
| 27 | If convertible, mandatory or optional 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 the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | If write-down, write-down 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 - 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FP20 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FQ79 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FV63 | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AF65 |

---
## Counts towards own funds and MREL requirements: Tier 2

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | XS1428953407 | XS0356452929 | XS0387079907 | XS0498768315 | US404280AQ21 | XS0120514335 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | Governing law(s) of the instrument | 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 | English law |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | No | No | No | No | Yes | No |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 5 | Post-transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Solo, sub-consolidated and consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)$^1$ | USD 531m | USD 1,044m | USD 497m | USD 1,167m | USD 1,190m | USD 71m |
| 9 | Nominal amount of instrument | GBP 650m (USD 872m) | GBP 750m (USD 1,006m) | GBP 650m (USD 872m) | GBP 900m (USD 1,207m) | USD 1,500m | GBP 157m (USD 210m) |
| UK-9a | Issue price | 99.901% | 99.649% $^3$ | 99.475% | 99.801% | 98.912% | 98.825% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Liability fair value | Liability amortised cost | Liability - amortised cost | Liability amortised cost | Liability - amortised cost | Liability fair value |
| 11 | Original date of issuance | 20 Dec 2002 | 07 Apr 2008 | 11 Sep 2008 | 29 Mar 2010 | 12 Mar 2014 | 24 Mar 2006 |
| 12 | Perpetual or dated | Dated | Dated | Dated | Dated | Dated | Dated |
| 13 | Original maturity date | 20 Dec 2027 | 07 Apr 2038 | 11 Sep 2028 | 29 Mar 2040 | 14 Mar 2044 | 24 Mar 2046 |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | Tax event at any time / Par |
| 16 | Subsequent call dates, if applicable | N/A | N/A | N/A | N/A | N/A | N/A |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| 18 | Coupon rate and any related index | 5.750% | 7.000% | 6.750% | 6.000% | 5.250% | 6.250% |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | If convertible, conversion 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 | 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 |
| 25 | If convertible, 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 | May convert fully or partially |
| 26 | If convertible, conversion rate | 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 | If convertible, mandatory or optional 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 |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 | 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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=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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS0120514335 |

---
## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280FP20 | US404280FQ79 | US404280FV63 | XS3023923314 | US404280FA24 | US404280AF65 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,500m | USD 1,300m | USD 1,148m | SGD 800m (USD 622m) | USD 1,347m | USD 1,000m |
| 9 | Nominal amount of instrument | USD 1,500m | USD 1,300m | USD 1,150m | SGD 800m (USD 622m) | USD 1,350m | USD 1,000m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 19 Nov 2020 | 28 Mar 2021 | 11 Sep 2024 | 14 Jun 2024 | 11 Sep 2024 | 09 Mar 2021 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 19 Nov 2029 / Tax or Capital Disqualification Event at any time / Par | 28 Mar 2031 / Tax or Capital Disqualification Event at any time / Par | 11 Sep 2034 / 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 | 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | From 19/11/2029 rate changes from fixed 6.000% to SOFR + 2.150% | From 28/03/2031 rate changes from fixed 5.150% to SOFR + 2.050% | From 11/09/2034 rate changes from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, 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. | From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 - 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 | Triggers to statutory bail-in 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 | If convertible, 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 | Always convert fully |
| 26 | If convertible, conversion rate | 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 | USD 3.4799 per Conversion Share |
| 27 | If convertible, mandatory or optional 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 the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | If write-down, write-down 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 - 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FP20 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FQ79 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FV63 | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AF65 |

---
## Counts towards own funds and MREL requirements: Tier 2

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | XS1428953407 | XS0356452929 | XS0387079907 | XS0498768315 | US404280AQ21 | XS0120514335 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | Governing law(s) of the instrument | 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 | English law |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | No | No | No | No | Yes | No |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 5 | Post-transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Solo, sub-consolidated and consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)$^1$ | USD 531m | USD 1,044m | USD 497m | USD 1,167m | USD 1,190m | USD 71m |
| 9 | Nominal amount of instrument | GBP 650m (USD 872m) | GBP 750m (USD 1,006m) | GBP 650m (USD 872m) | GBP 900m (USD 1,207m) | USD 1,500m | GBP 157m (USD 210m) |
| UK-9a | Issue price | 99.901% | 99.649% $^3$ | 99.475% | 99.801% | 98.912% | 98.825% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Liability fair value | Liability amortised cost | Liability - amortised cost | Liability amortised cost | Liability - amortised cost | Liability fair value |
| 11 | Original date of issuance | 20 Dec 2002 | 07 Apr 2008 | 11 Sep 2008 | 29 Mar 2010 | 12 Mar 2014 | 24 Mar 2006 |
| 12 | Perpetual or dated | Dated | Dated | Dated | Dated | Dated | Dated |
| 13 | Original maturity date | 20 Dec 2027 | 07 Apr 2038 | 11 Sep 2028 | 29 Mar 2040 | 14 Mar 2044 | 24 Mar 2046 |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | Tax event at any time / Par |
| 16 | Subsequent call dates, if applicable | N/A | N/A | N/A | N/A | N/A | N/A |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| 18 | Coupon rate and any related index | 5.750% | 7.000% | 6.750% | 6.000% | 5.250% | 6.250% |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | If convertible, conversion 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 | 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 |
| 25 | If convertible, 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 | May convert fully or partially |
| 26 | If convertible, conversion rate | 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 | If convertible, mandatory or optional 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 |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 | 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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=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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS0120514335 |

---
## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280FP20 | US404280FQ79 | US404280FV63 | XS3023923314 | US404280FA24 | US404280AF65 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,500m | USD 1,300m | USD 1,148m | SGD 800m (USD 622m) | USD 1,347m | USD 1,000m |
| 9 | Nominal amount of instrument | USD 1,500m | USD 1,300m | USD 1,150m | SGD 800m (USD 622m) | USD 1,350m | USD 1,000m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 19 Nov 2020 | 28 Mar 2021 | 11 Sep 2024 | 14 Jun 2024 | 11 Sep 2024 | 09 Mar 2021 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 19 Nov 2029 / Tax or Capital Disqualification Event at any time / Par | 28 Mar 2031 / Tax or Capital Disqualification Event at any time / Par | 11 Sep 2034 / 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 | 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | From 19/11/2029 rate changes from fixed 6.000% to SOFR + 2.150% | From 28/03/2031 rate changes from fixed 5.150% to SOFR + 2.050% | From 11/09/2034 rate changes from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, 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. | From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 - 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 | Triggers to statutory bail-in 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 | If convertible, 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 | Always convert fully |
| 26 | If convertible, conversion rate | 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 | USD 3.4799 per Conversion Share |
| 27 | If convertible, mandatory or optional 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 the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | If write-down, write-down 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 - 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FP20 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FQ79 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FV63 | 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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280AF65 |

---
## Counts towards own funds and MREL requirements: Tier 2

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | XS1428953407 | XS0356452929 | XS0387079907 | XS0498768315 | US404280AQ21 | XS0120514335 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | Governing law(s) of the instrument | 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 | English law |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | No | No | No | No | Yes | No |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 5 | Post-transitional CRR rules | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Solo, sub-consolidated and consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated | Tier 2 Subordinated |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date)$^1$ | USD 531m | USD 1,044m | USD 497m | USD 1,167m | USD 1,190m | USD 71m |
| 9 | Nominal amount of instrument | GBP 650m (USD 872m) | GBP 750m (USD 1,006m) | GBP 650m (USD 872m) | GBP 900m (USD 1,207m) | USD 1,500m | GBP 157m (USD 210m) |
| UK-9a | Issue price | 99.901% | 99.649% $^3$ | 99.475% | 99.801% | 98.912% | 98.825% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Liability fair value | Liability amortised cost | Liability - amortised cost | Liability amortised cost | Liability - amortised cost | Liability fair value |
| 11 | Original date of issuance | 20 Dec 2002 | 07 Apr 2008 | 11 Sep 2008 | 29 Mar 2010 | 12 Mar 2014 | 24 Mar 2006 |
| 12 | Perpetual or dated | Dated | Dated | Dated | Dated | Dated | Dated |
| 13 | Original maturity date | 20 Dec 2027 | 07 Apr 2038 | 11 Sep 2028 | 29 Mar 2040 | 14 Mar 2044 | 24 Mar 2046 |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 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 | Tax event at any time / Par |
| 16 | Subsequent call dates, if applicable | N/A | N/A | N/A | N/A | N/A | N/A |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| 18 | Coupon rate and any related index | 5.750% | 7.000% | 6.750% | 6.000% | 5.250% | 6.250% |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | If convertible, conversion 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 | 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 |
| 25 | If convertible, 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 | May convert fully or partially |
| 26 | If convertible, conversion rate | 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 | If convertible, mandatory or optional 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 |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | 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 | 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes | 3 - Subordinated notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | 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=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 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=XS0120514335 |

---
## Counts towards own funds and MREL requirements: AT1

| | | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
|---|---|---|---|---|---|---|---|
| 1 | Issuer | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc | HSBC Holdings plc |
| 2 | Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement)$^1$ | US404280FP20 | US404280FQ79 | US404280FV63 | XS3023923314 | US404280FA24 | US404280AF65 |
| 2a | Public or private placement | Public | Public | Public | Public | Public | Public |
| 3 | 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 | 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 | Laws of the State of New York, save for the subordination and waiver of set-off provisions |
| 3a | Contractual recognition of write down and conversion powers of resolution authorities | Yes | Yes | Yes | Yes | Yes | Yes |
| \multicolumn{8}{|l|}{\textbf{Regulatory treatment}} |
| 4 | Current treatment taking into account, where applicable, transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 5 | Post-transitional CRR rules | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 | Additional Tier 1 |
| 6 | Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
| 7 | Instrument type (types to be specified by each jurisdiction) | 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 | Perpetual Subordinated Contingent Convertible Securities |
| 8 | Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most recent reporting date) | USD 1,500m | USD 1,300m | USD 1,148m | SGD 800m (USD 622m) | USD 1,347m | USD 1,000m |
| 9 | Nominal amount of instrument | USD 1,500m | USD 1,300m | USD 1,150m | SGD 800m (USD 622m) | USD 1,350m | USD 1,000m |
| UK-9a | Issue price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| UK-9b | Redemption price | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% | 100.000% |
| 10 | Accounting classification | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity | Shareholders' equity |
| 11 | Original date of issuance | 19 Nov 2020 | 28 Mar 2021 | 11 Sep 2024 | 14 Jun 2024 | 11 Sep 2024 | 09 Mar 2021 |
| 12 | Perpetual or dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
| 13 | Original maturity date | - | - | - | - | - | - |
| 14 | Issuer call subject to prior supervisory approval | Yes | Yes | Yes | Yes | Yes | Yes |
| 15 | Optional call date, contingent call dates and redemption amount | 19 Nov 2029 / Tax or Capital Disqualification Event at any time / Par | 28 Mar 2031 / Tax or Capital Disqualification Event at any time / Par | 11 Sep 2034 / 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 | 09 Sep 2026 / Tax or Capital Disqualification Event at any time / Par |
| 16 | Subsequent call dates, if applicable | 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 | Every 5 years after first call |
| \multicolumn{8}{|l|}{\textbf{Coupons / dividends}} |
| 17 | Fixed or floating dividend/coupon | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating | Fixed to floating |
| 18 | Coupon rate and any related index | From 19/11/2029 rate changes from fixed 6.000% to SOFR + 2.150% | From 28/03/2031 rate changes from fixed 5.150% to SOFR + 2.050% | From 11/09/2034 rate changes from fixed 6.950% to U.S. Treasury Rate ("UST") + 3.191%, 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. | From 09/09/2026 rate resets from fixed 4.000% to U.S. Treasury Rate ("UST") + 3.222%, resettable every 5 years. |
| 19 | Existence of a dividend stopper | No | No | No | No | No | No |
| UK-20a | Fully discretionary, partially discretionary or mandatory (in terms of timing) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| UK-20b | Fully discretionary, partially discretionary or mandatory (in terms of amount) | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Fully Discretionary |
| 21 | Existence of step up or other incentive to redeem | No | No | No | No | No | No |
| 22 | Non-cumulative or cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Cumulative | Non-cumulative |
| 23 | Convertible or non-convertible | Convertible | Convertible | Convertible | Convertible | Convertible | Convertible |
| 24 | 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 - 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 | Triggers to statutory bail-in 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 | If convertible, 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 | Always convert fully |
| 26 | If convertible, conversion rate | 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 | USD 3.4799 per Conversion Share |
| 27 | If convertible, mandatory or optional 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 the occurrence of certain events |
| 28 | If convertible, specify instrument type convertible into | 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 | 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 |
| 30 | Write-down features | Yes | Yes | Yes | Yes | Yes | Yes |
| 31 | If write-down, write-down 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 - 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 |
| 32 | If write-down, full or partial | 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 | If write-down, permanent or temporary | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
| 34 | If temporary write-down, description of write-up mechanism | N/A | N/A | N/A | N/A | N/A | N/A |
| 34a | Type of subordination (only for eligible liabilities) | N/A | N/A | N/A | N/A | N/A | N/A |
| UK-34b | Ranking of the instrument in normal insolvency proceedings$^2$ | 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 | 2 - Preference shares, AT1 instruments and certain Subordinated Notes |
| 35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | 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 Tier 2 instruments |
| 36 | Non-compliant transitioned features | No | No | No | No | No | No |
| 37 | If yes, specify non-compliant features | N/A | N/A | N/A | N/A | N/A | N/A |
| 37a | Link to the full terms and conditions of the instrument (signposting) | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FP20 | https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/hsbc-holdings-plc?page=1&take=20&isin=US404280FQ79 | https://www.hsbc.com/investors/fixed-income-investors/final