HSBC plans perpetual subordinated contingent convertible debt issuance

• HSBC plans to launch one series of perpetual subordinated contingent convertible securities on November 5, 2026.
• The proposed issuance accompanies a cash tender offer for up to USD 1 billion of outstanding securities to manage Tier 1 capital.
• The offer targets 6% perpetual subordinated contingent convertible securities at 100.5% of principal, or USD 1,005 per USD 1,000 accepted.
• Completion of the tender offer is conditional on the new issuance closing successfully by the offer’s expiration.
• The tender expires November 19, 2026, at 5 p.m. New York time; settlement is expected November 24, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HSBC Holdings plc published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261105-12401403), on November 05, 2026, and is solely responsible for the information contained therein.