Investor Presentaiton

HSBC SFH (France) key messages Issuer HSBC France ECB / ACPR AAA / Aaa Specialised Credit Inst. • Specialised credit institution licensed as a Société de Financement de l'Habitat Fully-owned by HSBC France Jointly regulated by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) Programme rated AAA/Aaa by S&P and Moody's Full recourse obligation of the Issuer against HSBC France Cover pool 100% Prime Home Loans AA- / Aa3 / AA- 111.1% Committed OC 61.0% Average Indexed LTV1 • • 100% prime home loans, all fixed-rate, with first-lien mortgage (16%) or guaranteed by Crédit Logement (84%)1 18 All originated by HSBC France (rated AA- / Aa3 / AA- by S&P / Moody's / Fitch 1) with 100% income verification and focus on affluent and high net worth individuals Granular pool with 39k loans¹ Voluntary over-collateralisation of 111.1%, above the regulatory minimum of 105% Weighted average indexed LTV at 61.0% Supervision Specific Controller 180 Days Liquidity Maturity Mismatch Stress Tests Cover pool compliance monitored by an independent Specific Controller Regulatory limits on ALM risks measured between the cover pool and the covered bonds for: 180 days liquidity requirements - Maturity mismatch Stress tests on the renewal of the cover pool Bankruptcy remoteness of the covered bonds Market standards ○ B ECBC EUROPEAN COVERED BOND COUNCIL COVERED BOND LABEL+ HTT Level 1B HQLA • Member of the European Covered Bond Council Compliant with the Covered Bond Label Quarterly Harmonised Transparency Template published and monthly Asset Cover Test published on hsbc.fr Series in EUR eligible to the level 1B LCR HQLA and to the favourable risk-weighting² 4

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