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

SUMMARY OF THE PROGRAMMESummaries are made up of disclosure requirements known as ‘Elements’.Sections A – E (A.1 – E.7).These elements are numbered inThis summary contains all the Elements required to be included in a summary for this type of securities andIssuer. Because some Elements are not required to be addressed, there may be gaps in the numbering sequenceof the Elements.Even though an Element may be required to be inserted in the summary because of the type of securities andIssuer, it is possible that no relevant information can be given regarding the Element. In this case a shortdescription of the Element is included in the summary with the mention of ‘not applicable’.This summary is provided for purposes of the issue by HSBC France of Notes of a denomination less than€100,000.A.1 Generaldisclaimerregarding thesummaryA.2 Informationregardingconsent by theIssuer to the useof the ProspectusSection A - Introduction and warningsThis summary should be read as an introduction to this Base Prospectus. Anydecision to invest in the Notes should be based on a consideration by any investorof the Base Prospectus as a whole, including any documents incorporated byreference and any supplement from time to time. Where a claim relating toinformation contained in this Base Prospectus is brought before a court, the plaintiffmay, under the national legislation of the Member State of the European EconomicArea where the claim is brought, be required to bear the costs of translating thisBase Prospectus before the legal proceedings are initiated. Civil liability attachesonly to those persons who have tabled the summary, including any translationthereof, but only if the summary is misleading, inaccurate or inconsistent when readtogether with the other parts of this Base Prospectus or it does not provide, whenread together with the other parts of this Base Prospectus, key information in orderto aid investors when considering whether to invest in the Notes.[Not applicable, the Notes have a denomination of at least €100,000 (or itsequivalent in another currency)][In the context of the offer of the Notes in [●] (Public Offer Jurisdiction[s]) whichis not made within an exemption from the requirement to publish a prospectusunder the Prospectus Directive, as amended (the Public Offer), the Issuer consentsto the use of the Prospectus in connection with such Public Offer of any Notesduring the period from [●] until [●] (the Offer Period) and in the Public OfferJurisdiction[s] by [●] / [any financial intermediary] (the Authorised Offeror[s]).[The Authorised Offeror[s] must satisfy the following conditions: [●]]For the avoidance of doubt, none of the Dealers or the Issuer shall have anyobligation to ensure that an Authorised Offeror complies with applicable laws andregulations and shall therefore have no liability in this respect.The Issuer accepts responsibility, in the Public Offer Jurisdiction[s], for the contentof the Prospectus in relation to any person (an Investor) in such Public OfferJurisdiction[s] to whom an offer of any Notes is made by any Authorised Offerorand where the offer is made during the period for which that consent is given.However, neither the Issuer nor any Dealer has any responsibility for any of the7