HSBC Holdings is offering fixed-rate/floating-rate senior unsecured notes in registered form, with minimum denominations of £100,000. Investors receive annual interest initially and quarterly payments thereafter, while proceeds are intended for general corporate purposes and the notes bind holders to any exercise of UK bail-in power.

Key Highlights

  • Interest payments are scheduled annually at first, beginning in 2027, before shifting to quarterly payments.
  • HSBC’s notes can be purchased only in registered form, with £1,000 increments above the £100,000 minimum.
  • HSBC Holdings plc is offering fixed-rate/floating-rate senior unsecured notes in registered form.
  • The notes have a minimum denomination of £100,000 and can be purchased in integral multiples of £1,000 above that amount.

HSBC Holdings plc (NYSE: HSBC) is offering fixed-rate/floating-rate senior unsecured notes in registered form, with minimum denominations of £100,000. The notes will pay interest annually in arrear at first and quarterly thereafter, with proceeds intended for general corporate purposes.

Note Structure and HSBC Capital Position

The preliminary prospectus supplement is dated September 3, 2026. The notes will be issued under an indenture dated August 26, 2009, as amended and supplemented, and can be purchased in integral multiples of £1,000 above the minimum denomination. HSBC Bank USA, National Association, or a successor appointed by HSBC, will act as calculation agent. The initial annual interest period begins in 2027. The indenture and notes will generally follow New York law, while provisions waiving set-off rights will follow the laws of England and Wales.

UK Bail-In and Distribution Terms

The notes also carry risks described in the offering terms. Affiliates cannot sell the notes into discretionary accounts without the accountholder’s prior specific written approval. Legal proceedings concerning the indenture or notes may be brought in state or federal courts in New York City.