Every 424B that HSBC HLDGS PLC .50 (HBCYF) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow HBCYF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HBCYF filings page.
HSBC Holdings plc (HSBC) is issuing £750,000,000 principal amount of 6.061% Fixed Rate/Floating Rate Senior Unsecured Notes due September 11, 2035 under its shelf registration. The Notes pay a fixed 6.061% coupon annually until September 11, 2034, then switch to a quarterly floating rate of Compounded Daily SONIA + 1.440%.
The Notes are senior unsecured obligations ranking pari passu with HSBC’s other senior indebtedness and are subject to the UK bail-in power, which can result in write-down or conversion with no acceleration for non-payment, except upon certain winding-up events. HSBC may redeem the Notes at a make-whole price from March 11, 2027 to September 11, 2034 and at par on September 11, 2034, and also upon specified tax or Loss Absorption Disqualification Events, in each case subject to regulatory conditions.
The Notes are offered at 100.000% of principal, with an underwriting discount of 0.350%, generating expected gross proceeds to HSBC of £747,375,000 before expenses for general corporate purposes. Minimum denomination is £100,000, application will be made to list the Notes on the New York Stock Exchange, and sales are targeted to professional investors and eligible counterparties, excluding EEA and UK retail investors.
HSBC Holdings plc is issuing three series of U.S. dollar senior unsecured notes totaling $6.75 billion under its shelf registration. The issue comprises $2.5 billion 5.243% fixed-to-floating notes due 2032, $3.25 billion 5.729% fixed-to-floating notes due 2037, and $1 billion floating-rate notes due 2032.
The fixed/floating notes pay fixed coupons to August 14 2031 (2032 series) and August 14 2036 (2037 series), then reset quarterly to SOFR plus 1.160% and 1.470%, respectively. The 2032 floating-rate notes pay quarterly at SOFR plus 1.150% to maturity on August 14 2032. All series are issued at 100% of principal and are expected to list on the New York Stock Exchange.
HSBC may redeem the fixed/floating notes at a make-whole price from February 14 2027 until one year before maturity, and at par on designated par redemption dates; the floating-rate notes are redeemable at par on August 14 2031. Investors expressly accept UK bail-in powers, limited acceleration rights (generally only upon winding-up), SOFR benchmark transition mechanics and restrictions on retail sales in the EEA and UK.
HSBC Holdings plc plans a primary offering of multiple series of senior unsecured notes: two fixed rate/floating rate tranches and one purely floating rate tranche, all issued under its existing indenture. Interest initially accrues at fixed or floating rates and then, for the fixed/floating series, switches to a floating rate based on a SOFR benchmark plus a margin, with interest compounded daily in arrears.
HSBC may redeem the fixed/floating notes during a make-whole period at the greater of par or a make-whole amount, and later at par on specified redemption dates; the floating-rate notes may also be redeemed at par on a set date. Additional redemptions are permitted upon certain tax events or if the notes cease to qualify for loss-absorption purposes, in each case at HSBC’s discretion and subject to regulatory consent where required. The notes are subject to UK bail-in powers, so principal and interest can be written down, cancelled or converted into other securities without prior notice, and holders have limited acceleration rights, with acceleration generally only available in a winding-up. Interest during floating periods depends on SOFR and may transition to a replacement benchmark after a Benchmark Transition Event, which could affect returns. The notes are expected to be listed on the New York Stock Exchange and are not covered by deposit insurance schemes.
HSBC Holdings plc is offering $1,500,000,000 of 6.750% Perpetual Subordinated Contingent Convertible Securities. The Securities are perpetual, pay discretionary semiannual interest initially at 6.750%, reset every five years, and may have interest cancelled at HSBC’s sole discretion. An Automatic Conversion will occur if the issuer’s CET1 Ratio is below 7.0%, converting the Securities into Ordinary Shares or Conversion Shares Offer Consideration. The Securities are subject to UK bail-in powers and may be redeemed for tax, regulatory or other specified reasons; proceeds to HSBC before expenses are $1,485,000,000.
HSBC Holdings plc is offering two series of senior unsecured notes: $2,250,000,000 4.711% fixed-to-floating notes maturing May 12, 2030 and $2,250,000,000 5.208% fixed-to-floating notes maturing May 12, 2034. Interest is fixed from the Issue Date to specified Par Redemption cutoffs, then converts to a quarterly floating rate based on compounded daily SOFR plus a stated margin (0.940% for 2030 notes; 1.320% for 2034 notes). HSBC may redeem the notes under make-whole or par redemption mechanics, upon certain tax events, or upon a Loss Absorption Disqualification Event. Purchasers agree to be bound by any exercise of the UK bail-in power and related variations of the notes or indenture. The offering is expected to be listed on the New York Stock Exchange and to settle on or about May 12, 2026.
HSBC Holdings plc is offering two series of perpetual contingent convertible securities totalling $2,500,000,000. The offering consists of $1,250,000,000 of 6.750% Perpetual Subordinated Contingent Convertible Securities (2031 Securities) and $1,250,000,000 of 7.000% Perpetual Subordinated Contingent Convertible Securities (2036 Securities).
Both series are perpetual, callable in specified optional redemption periods, pay interest only at HSBC’s sole discretion (interest is subject to cancellation), reset every five years and convert automatically upon a Capital Adequacy Trigger Event if the CET1 Ratio falls below 7.0%. Conversion mechanics include issuance of Conversion Shares or, at HSBC’s election, a Conversion Shares Offer; conversion is irrevocable and could materially reduce or eliminate investors’ principal and future interest.
HSBC Holdings plc is offering perpetual subordinated contingent convertible securities that are callable in specified optional redemption periods. The securities carry discretionary interest that the issuer may cancel in whole or in part and convert automatically upon a CET1 Ratio trigger of 7.0%. Following an Automatic Conversion, holders receive Conversion Shares or, if elected by HSBC, Conversion Shares Offer Consideration; all issuer obligations in respect of the securities will be irrevocably released on conversion. The securities are subject to UK bail-in powers, consent to variation for bail-in and regulatory redemption and listing on Euronext Dublin’s GEM is expected within 30 days of delivery.
HSBC Holdings plc is offering four series of senior unsecured notes: $2.0B 4.398% fixed-to-floating notes due 2030, $2.0B 4.675% fixed-to-floating notes due 2032, $2.75B 5.279% fixed-to-floating notes due 2037 and $1.25B floating-rate notes due 2032.
The notes pay fixed interest initially and convert to SOFR-based compounded daily floating rates after specified fixed periods, include issuer redemption features (make-whole and par redemptions), and contain provisions consenting to the possible exercise of UK bail-in powers and benchmark transition mechanisms.
HSBC Holdings plc is offering multiple series of senior unsecured notes, including fixed-to-floating and floating-rate tranches. The preliminary prospectus supplement is subject to completion dated March 5, 2026 and describes interest mechanics tied to compounded daily SOFR, optional make-whole and par redemptions, potential redemption upon certain tax or Loss Absorption Disqualification Events, and consent to the exercise of UK bail-in powers by the relevant UK resolution authority.
The Notes will be issued under HSBC’s existing indenture and are intended to be listed on the New York Stock Exchange, with trading expected to begin within 30 days of initial delivery.
HSBC Holdings plc launched three senior unsecured note offerings: $2,250,000,000 4.619% fixed-to-floating notes due 2031, $2,250,000,000 5.133% fixed-to-floating notes due 2036, and $500,000,000 floating-rate notes due 2031. The 2031 series pay 4.619% until November 6, 2030, then a SOFR-based floating rate plus 1.190% to maturity on November 6, 2031. The 2036 series pay 5.133% until November 6, 2035, then a SOFR-based floating rate plus 1.430% to maturity on November 6, 2036. The $500,000,000 tranche pays a SOFR-based floating rate plus 1.190% to November 6, 2031.
Redemption terms include make-whole for the fixed/floating tranches and par calls on November 6, 2030 (2031 notes) and November 6, 2035 (2036 notes); the floating-rate notes are callable at par on November 6, 2030. Expected NYSE listing is within 30 days of initial delivery. Stated proceeds before expenses are $2,243,250,000, $2,241,000,000, and $498,500,000, with underwriting discounts shown as 0.300%, 0.400%, and 0.300%, respectively. Key risks include agreement to UK bail-in powers and limited remedies with no acceleration for non-payment except upon certain winding-up events.