FRN redemption notice

HSBC HOLDINGS PLC

NOTICE OF REDEMPTION AND CANCELLATION OF LISTING

To the holders of:

EUR1,000,000,000 Floating Rate Notes due December 2021
ISIN Code: XS1917614569
(the 'Notes')

Pursuant to Condition 6(c) of the terms and conditions of the Notes and paragraph 16 of the final terms dated 30 November 2018 relating to the Notes (the 'Final Terms'), notice is hereby irrevocably given to the holders of the Notes (the 'Noteholders') that on the Interest Payment Date (as defined in the Final Terms) falling in December 2020 (expected to be 4 December 2020) (the 'Redemption Date') HSBC Holdings plc will exercise its option to redeem all of the outstanding Notes at EUR1,000 per Calculation Amount (as defined in the Final Terms), together with accrued but unpaid interest from (and including) the Interest Payment Date falling in September 2020 to (but excluding) the Redemption Date.

Noteholders should look to the relevant clearing systems through which their Notes are held for repayment.

The listing of the Notes on the Official List of the Financial Conduct Authority and the admission of the Notes to trading on the Main Market of the London Stock Exchange plc will be cancelled on, or shortly after, 7 December 2020.

Investor enquiries to:

Greg Case                                         +44 (0) 20 7992 3825                  [email protected]

Media enquiries to:

Ankit Patel                                         +44 (0) 20 7991 9813                     [email protected]

Note to editors:

HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,956bn at 30 September 2020, HSBC is one of the world's largest banking and financial services organisations.

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