Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. HSBC Global Funds ICAV - Sustainable Development Bank Bonds UCITS ETF

a sub-fund of HSBC Global Funds ICAV,(the "UCITS"). The Fund is managed by HSBC Investment Funds (Luxembourg) S.A., authorised in Ireland and supervised

by Central Bank of Ireland (CBI). HSBC Asset Management is the brand name for the asset management business of HSBC Group.

PRIIP Manufacturer: HSBC Investment Funds (Luxembourg) S.A.Share Class: ETFC

Telephone: +352 48 88 961ISIN: IE000L6BRPZ8

Production Date: 25 March 2025.

Website: http://www.assetmanagement.hsbc.com

What is this product?� The reference currency of the Fund is USD. The reference currency ofthis share class is USD. Type

� Income is reinvested. The Fund is an Irish collective asset-management vehicle ("ICAV"). The Fund's� Authorised Participants only may deal in the Fund’s ETF Shares directly value is dependent on the performance of the underlying assets and may go up

with the UCITS. as well as down. Any capital invested in the Fund may be at risk.� The Fund’s ETF Shares are listed on one or more stock exchange(s).

� You may sell your investment on most working days. Objectives and Investment Policy

� The anticipated level of tracking error in normal market conditions is Investment Objective:

expected to be 0.50%. The Fund aims to provide regular income and capital growth by tracking asIntended Retail Investor closely as possible the performance of the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped (the

Designed for investors with a focus on income and who are planning to invest Index). The Fund is classified under Article 9 of SFDR.

for at least 3 years. The Fund may appeal to investors who are looking for a core

fixed income investment and are interested in low cost exposure to the Investment Policy:

development bank bond market. The Fund achieves its sustainable investment objective by tracking the Index

An investment in the Fund is only suitable for investors who are capable of which has a methodology aligned with that sustainable objective and so the

evaluating the risks and merits of such an investment, and who have sufficient Index has been designated as the Fund’s reference benchmark for the purpose

resources to bear any loss as the Fund is not guaranteed and they may receive of attaining that sustainable objective.

back less than the amount invested. The Fund is designed for use as part of a The Fund will invest in bonds issued by select multilateral development banksdiversified investment portfolio. Prospective investors should consult with their the proceeds of which financially support sustainable economic development infinancial advisor before making an investment. developing countries. The Index measures the performance of US dollar-denominated bonds issued Term: by select multilateral development banks in the FTSE World Broad The Fund does not have a maturity date. Investment-Grade Bond Index and includes issuers with a minimum credit

The PRIIP Manufacturer cannot terminate the Fund unilaterally. The Board of quality of BBB- by S&P or Baa3 by Moody’s. The market weight of the issuers is

Directors may furthermore decide to liquidate the Fund in certain capped at 25%. The Index includes the bonds issued by multilateral

circumstances set out in the prospectus and articles of incorporation of the development banks that are supranational institutions to promote sustainable Fund. economic development in developing countries, by financially supporting their sustainable development goals, or by providing non-financial support for Additional Information: infrastructure development, such as policy advice or technical assistance.

This document describes a single share class of a sub-fund of the UCITS. The Index applies controversial conduct exclusions based on United Nations

Further information about the UCITS including the Prospectus, the most recent Global Compact (UNGC) Principles to the multilateral development bank bonds. annual and semi-annual reports of the UCITS and the latest prices of shares, The list of multilateral development banks eligible for inclusion is reviewed on may be obtained free of charge, in English, from the Administrator by annual basis in July of each year.

emailing ifsinvestorqueries@hsbc.com, or by The Fund is passively managed and utilises an investment technique calledvisiting www.global.assetmanagement.hsbc.com. The most recent optimisation, which seeks to minimise the difference in return between the

Prospectus is available in English and French. Details of the underlying Fund and the Index by taking into account tracking error (the risk that the Fund investments

of the fund are available return varies from the Index return) and trading costs when constructing a

on www.global.assetmanagement.hsbc.com. The indicative intra-day net portfolio. The Fund will not necessarily invest in every constituent of the Index.

asset value of the fund is available on at least one major market data vendor The Fund may invest in cash and money market instruments and may invest up

terminal such as Bloomberg, as well as on a wide range of websites that to 10% of its assets in other funds. display stock market data, including www.reuters.com. The Prospectus, annual

and semi-annual reports are prepared for the entire UCITS. The Fund may invest up to 35% of its assets in bonds issued by the multilateral development banks which are constituents of the Index, and which are public

The Depositary is HSBC Continental Europe. The Fund’s assets are kept safe by international bodies to which one or more Member States belong.

the Depositary and are segregated from the assets of other Funds. Credit Ratings of the investments may vary from time to time but will be at leastIt is possible to switch your shares into shares of a different share class or Investment Grade.sub-fund within the ICAV, however the conversion of the ETF Shares into

Non-ETF Shares and vice versa is not permitted. Details of how to do this are in The Fund may also invest in derivatives for hedging and efficient portfolio

the “How to convert between sub-funds / Classes” section of the Prospectus. management purposes (such as to manage risk and costs, or to generate additional capital or income).

1/3 HSBC Global Funds ICAV - Sustainable Development Bank Bonds UCITS ETF, a sub-fund of HSBC Global Funds ICAV - ETFC (IE000L6BRPZ8)

What are the risks and what could I get in return? Risk Indicator

We have classified this product as 3 out of 7, which is a medium-low risk class.

This rates the potential losses from future performance at a medium-low, and

poor market conditions are unlikely to impact our capacity to pay you.

1 2 3

4

5

6

7 Be aware of currency risk. You will receive payments in a different

currency, so the final return you will get depend on the exchange rate

between the two currencies. This risk is not considered in the indicator

Lower risk

Higher riskshown above.

Additional risks not included in the Summary Risk Indicator (SRI) include:

The risk indicator assumes you keep the product for 3 years.Liquidity, Counterparty, Operational, Investment Leverage and Exchange Rate

Risk. Please refer to the prospectus for other risks.

This product does not include any protection from future market performance

so you could lose some or all of your investment. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose If we are not able to pay you what is owed, you could lose your entire money because of movements in the markets or because we are not able to

investment. pay you.

Performance Scenarios What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product and a suitable benchmark over the last 10 years. Markets could develop very differently in the future.

Recommended Holding Period: 3 Years

If you exit If you exit after

Investment of USD 10,000 after 1 year 3 years

Minimum

The Fund is not covered by an investor compensation or guarantee scheme, you may lose some or all of the amount invested.

Stress ScenarioWhat you might get back after costs

USD4,570

USD7,080 Average return each year

-54.29 %

-10.87 %

Unfavourable Scenario What you might get back after costs

USD7,570

USD7,990 Average return each year

-24.28 %

-7.19 %

Moderate Scenario

What you might get back after costs USD10,460 USD11,260 Average return each year4.61 %4.04 %

Favourable ScenarioWhat you might get back after costs USD11,620 USD12,290 Average return each year

16.20 %7.11 %

The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. The stress scenario shows what you might get back in extreme market circumstances. The unfavourable scenario occurred for an investment between October 2019 and October 2022. The moderate scenario occurred for an investment between March 2018 and March 2021. The favourable scenario occurred for an investment between December 2014 and December 2017. A suitable benchmark was used where the Fund had insufficient history.

What happens if HSBC Investment Funds (Luxembourg) S.A. is unable to pay out? The Fund's ability to pay out would not be affected by the default of HSBC Investment Funds (Luxembourg) S.A.. The Fund’s assets are kept safe by the Depositary and are segregated from the assets of other Funds. This means that the holdings of one Fund are kept separate from the holdings of the other Funds and your investment in the Fund cannot be used to pay the liabilities of any other Fund. There is a potential liability risk for the Depositary if the assets of the Fund are lost. The Depositary is liable in case of its negligent or intentional failure to properly fulfil its obligations. In the event of a bankruptcy or insolvency of the Depositary or other service provider, investors could experience delays (for example, delays in the processing of subscriptions, conversions and redemption of shares) or other disruptions and there may be a risk of default. The Fund is not covered by an investor compensation or guarantee scheme.

What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Cost over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: � In the first year you would get back the amount that you invested (0% annual return). For the other holding periods we have assumed the product performs as shown in the moderate scenario. � USD 10,000 is invested.

2/3 HSBC Global Funds ICAV - Sustainable Development Bank Bonds UCITS ETF, a sub-fund of HSBC Global Funds ICAV - ETFC (IE000L6BRPZ8)

Recommended Holding Period: 3 Years If you exitIf you exit Investment of USD 10,000

after 1 year after 3 years Total Costs

17 USD

59 USD Annual cost impact % * 0.2%0.2% each year

* This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 4.23% before costs and 4.04% after costs. We may share part of the costs with the person selling you the product to cover the services they provide to you. They will inform you of the amount.

Composition of costs One-off costs upon entry or

If you exit after 1 year exit Entry costs No entry nor exit charges are payable where investors deal in ETF Shares in the secondary market – i.e. where Up to 0 USD shares are purchased and sold on a stock exchange. In such cases, investors may pay fees charged by their broker. Authorised Participants dealing directly with the Fund may be subject to a Direct Dealing (Cash Transaction) Fee of up to 3.00% on subscriptions and up 3.00% on redemptions. Exit costs

We do not charge an exit fee for this product, but the person selling you the product may do so.

0 USD Ongoing costs taken each year Management fees and other

0.15% of the value of your investment per year. This figure is an estimate as the share class has not been priced 15 USD administrative or operating costs

for a full financial year. Transaction costs

0.02%* of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell2 USD the underlying investments for the product. The actual amount will vary depending on how much we buy and sell. Incidental costs taken under specific conditions Performance FeesThere is no performance fee for this product.

0 USD

A conversion charge of up to 3.00% of the Net Asset Value of the Shares which are being converted may be payable to the relevant Administrator.

How long should I hold it and can I take money out early? Recommended Holding Period: 3 years Investment in this Fund may be appropriate for investors who plan to invest over a medium term. There are no penalties if you wish to redeem your holdings in the Fund prior to the recommended holding period. An exit fee may be applicable, please refer to the "Composition of Costs" table for details.

How can I complain? Complaints about the product, or the about the conduct of HSBC Investment Funds (Luxembourg) S.A., or the person advising on or selling the product, should be addressed in writing to 18 Boulevard de Kockelscheuer, 1821 Luxembourg, Grand Duchy of Luxembourg, or by e-mail to hifl.complaint@hsbc.com.

Other relevant information *Note: this figure is based on an incomplete data set and is therefore subject to change. An updated figure will be provided in due course. Detailed information for article 8 and 9 sustainable investment products, as categorised under the Sustainable Finance Disclosure Regulation (SFDR), including; description of the environmental or social characteristics or the sustainable investment objective; methodologies used to assess, measure and monitor the environmental or social characteristics and the impact of the selected sustainable investments and; objectives and benchmark information, can be found at: https://www.assetmanagement.hsbc.co.uk/en/intermediary/investment-expertise/sustainable-investments/sustainable-investment-product-offering The previous performance scenarios can be found in the Fund Centre section of our website by visiting http://www.assetmanagement.hsbc.com. There is insufficient history available to provide past performance figures. When this product is used as a unit-linked support for a life insurance or capitalization contract, the additional information on this contract, such as the costs of the contract, which are not included in the costs indicated in this document, the contact in the event of a claim and what happens in the event of failure of the insurance company, are presented in the key information document of this contract, which must be provided by your insurer or broker or any other intermediary of insurance in accordance with its legal obligation.3/3