HSBC France € 20,000,000,000 Euro Medium Term Note Programme

If such a withholding or deduction is required, the Issuer will have to gross-up itspayments to the fullest extent then permitted by law and subject to certain exceptions.Governing lawThe Notes[, Coupons and Talons] are governed by, and shall be construed inaccordance with, French law.C.9 Interest,maturity andredemptionprovisions,yield andrepresentation of theNoteholdersPlease also refer to the information provided in item C.8 above.[Fixed Rate NotesFixed interest of [●] will be payable in arrear on [[●] / [●] in each year] ][Floating Rate NotesThe Floating Rate Notes will bear interest at a rate of [●] +/- [●] per cent. payable [●]in each year (subject to the business day convention specified in the Final Terms).][Zero Coupon NotesZero Coupon Notes are issued [at their nominal amount / at [●]] and will not bearinterest.][Interest periods and rates of interestThe length of the interest periods for the Notes is [●] and the applicable interest rate isspecified above.If applicable: The minimum interest rate is [●]. /The maximum interest rate is [●]. Theinterest accrual period is [●]. The use of interest accrual periods permits the Notes tobear interest at different rates in the same interest period.]Maturities[The maturity date of the Notes is [●]. / Not applicable, the Notes have no finalmaturity.][RedemptionSubject to any purchase and cancellation or early redemption, the Notes will beredeemed on the maturity date specified above at [●] of their nominal amount.][Optional RedemptionThe Notes may be redeemed prior to their stated maturity at the option of the Issuer(either in whole or in part) [[and/or] the holders of the Notes (the Noteholders)][Please specify the terms applicable to such redemption]]Early Redemption[Except as provided in "Optional Redemption" above], the Notes will be redeemable atthe option of the Issuer prior to maturity only for tax reasons.YieldThe yield of the Notes is [●].Representation of the Noteholders[(a) If the Final Terms specifies “No Masse”, insert: The Noteholders will not, inrespect of any Series, be grouped for the defence of their common interests in a masse(the Masse).] / [(b) If the relevant Final Terms specifies “Full Masse”, insert: TheNoteholders will, in respect of any Series, be grouped automatically for the defence oftheir common interests in a masse (the Masse) and the provisions of the French Codede commerce relating to the Masse shall apply] / [(c) If the relevant Final Terms15