HSBC 6.211% 21Mar2034 Corp (AUD)

Bond Factsheet

HSBC Holdings PLC

Indicative

Full Lot

Bid Price

99.743

Change in Bid Price

remove 0.010

Bid Yield (%)

6.311 %

Change in Bid Yield

0.004

Ask Price

99.855

Change in Ask Price

remove 0.021

Ask Yield (%)

6.265 %

Change in Ask Yield

0.008

Indicative price as of 06 Oct 2026, 4:04pm

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Bond Information

HSBC Holdings PLC operates as a holding company. The Company, through its subsidiaries, provides personal and corporate banking, trade, investments, loans, mortgages, securities, custody, capital markets, treasury, insurance, and financial services. HSBC Holdings serves customers worldwide.

Bond Issuer

HSBC Holdings PLC

Guarantor

Announcement Date

14 Mar 2024

Issue Date

21 Mar 2024

Maturity Date

21 Mar 2034

Years to Maturity / Next Call

7.458 / 2.455

Modified Duration

5.837 @ 06 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.211

Coupon Type

Variable

Annual Coupon Rate

6.211

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Tier 2

Reference Rate

Reset date: 21Mar2029 and quarterly thereafter
Reset Rate: 3month BBSW+ Initial Margin (2.300%)

ISIN

AU3CB0307890

CUSIP

ZD7236700

Bond Currency

AUD

Total Issue Size

850,000,000

Min. Investment Quantity (Nominal)

AUD 250,000

Incremental Quantity (Nominal)

AUD 10,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ A+

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

Tier 2

Agreement and acknowledgment with respect to the exercise of the UK Bail-in Power

(a) Notwithstanding and to the exclusion of any other term of any Series of Notes or any other agreements, arrangements, or understandings between the Issuer and any Noteholder, by its acquisition of any Notes, each Noteholder (which, for the purposes of this Condition 4.4, includes each holder of a beneficial interest in the Notes), acknowledges and accepts that the Amounts Due arising under any Notes may be subject to the exercise of UK Bail-in Power by the Relevant UK Resolution Authority, and acknowledges, accepts, consents and agrees to be bound by:

(i) the effect of the exercise of any UK Bail-in Power by the Relevant UK Resolution Authority, that may include and result in any of the following, or some combination thereof:

(A) the reduction of all, or a portion, of the Amounts Due;

(B) the conversion of all, or a portion, of the Amounts Due on any Series of Notes into shares, other securities or other obligations of the Issuer or another person (and the issue to or conferral on the Noteholder of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of such Series of Notes;

(C) the cancellation of any Series of Notes; and/or

(D) the amendment or alteration of the date for redemption of any Series of Notes or amendment of the amount of interest payable on any Series of Notes, or the Interest Payment Dates relating thereto, including by suspending payment for a temporary period; and/or

(ii) the variation of the terms of any Series of Notes, if necessary, to give effect to the exercise of any UK Bail-in Power by the Relevant UK Resolution Authority.

(b) No repayment or payment of Amounts Due on any Series of Notes shall become due and payable, or be paid, after the exercise of any UK Bail-in Power by the Relevant UK Resolution Authority if, and to the extent, such amounts have been reduced, converted, cancelled, amended or altered as a result of such exercise.

(c) Neither a reduction or cancellation, in part or in full, of the Amounts Due, the conversion thereof into another security or obligation of the Issuer or another person, as a result of the exercise of any UK Bail-in Power by the Relevant UK Resolution Authority with respect to the Issuer, nor, more generally, the exercise of the UK Bail-in Power by the Relevant UK Resolution Authority with respect to any Notes will constitute a default under the Notes for any purpose. As a result, Noteholders will not have the right to accelerate the Notes or to institute proceedings for the winding-up of the Issuer solely due to the exercise of the UK Bail-in Power by the Relevant UK Resolution Authority.

(d) Upon the exercise of the UK Bail-in Power by the Relevant UK Resolution Authority with respect to any Notes, the Issuer shall immediately notify the Noteholders, the Registrar and relevant Clearing System regarding such exercise of the UK Bail-in Power. For the avoidance of doubt, any delay or failure by the Issuer in delivering any notice referred to in this Condition 4.4(d) shall not affect the validity and enforceability of the UK Bail-in Power.

Issuer Call

Early redemption at the option of the Issuer (Issuer call)

If the Pricing Supplement states that the Issuer may redeem all or some of the Notes of a Series before their Maturity Date under this Condition 9.6, the Issuer may at its option (subject, in all cases to Condition 9.12 (“Supervisory consent”)), on giving (in accordance with Condition 19 (“Notices”)) not less than 30 days nor more than 60 days’ (or such other period as may be set out in the Pricing Supplement) notice to the Noteholders, redeem all or, if so provided, some only of the Notes so specified in the Pricing Supplement at the redemption amount and any interest accrued and unpaid thereon to (but excluding) the redemption date.

However, the Issuer may only do so if:

(a) the amount of Notes to be redeemed is, or is a multiple of, their Denomination;

(b) the Issuer has given the relevant notice to the Registrar, the Noteholders, each other Agent and any stock or securities exchange or other relevant authority on which the Notes are listed in accordance with Condition 19 (“Notices”);

(c) the proposed redemption date is an Early Redemption Date (Call) specified in the Pricing Supplement;

(d) the redemption amount is the “Redemption Amount” or “Make-Whole Redemption Amount” specified in the Pricing Supplement; and

(e) any other relevant condition specified in the Pricing Supplement is satisfied.

First Call Date: 21 March 2029

Additional Note

Early redemption of Subordinated Notes following the occurrence of a Capital Disqualification Event

This Condition 9.3 may only be specified as being applicable to Subordinated Notes. If this Condition 9.3 is specified as being applicable in the Pricing Supplement relating to Subordinated Notes, the Issuer may, at its option but subject to Condition 9.12 (“Supervisory consent”), within 90 days of the occurrence of the relevant Capital Disqualification Event and having given not less than 30 days nor more than 60 days’ notice (ending, in the case of Floating Rate Notes, on an Interest Payment Date) to the Registrar, the Noteholders, each other Agent and any stock or securities exchange or other relevant authority on which the Notes are listed in accordance with Condition 19 (“Notices”), redeem all, but not some only, of the Subordinated Notes at any time at the Capital Disqualification Event Early Redemption Price specified in the Pricing Supplement, together (if applicable) with any accrued but unpaid interest up to (but excluding) the date fixed for redemption.

Capital Disqualification Event means an event that shall be deemed to have occurred if the Issuer determines at any time after the Issue Date, that there is a change in the regulatory classification of the Subordinated Notes that results in or will result in:

(a) their exclusion in whole or in part from the regulatory capital of the Group; or

(b) their reclassification in whole or in part as a form of regulatory capital of the Group that is lower than Tier 2 Capital (if any);

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