HSBC Holdings PLC Notice of Redemption (3952U)
November 22 2019 - 01:10PM
UK Regulatory
TIDMHSBA
RNS Number : 3952U
HSBC Holdings PLC
22 November 2019
NOTICE OF REDEMPTION
Dated November 22, 2019
US$1,500,000,000 5.625% Perpetual Subordinated Contingent
Convertible Securities (Callable January 2020 and Every Five Years
Thereafter)
(CUSIP No. 404280 AR0; ISIN: US404280AR04)* (the
"Securities")
* No representation is made as to the correctness of such
numbers either as printed on the Securities or as contained in this
Notice of Redemption, and reliance may be placed only on the other
identification numbers printed on the Securities, and any such
redemption shall not be affected by any defect in or omission of
such numbers.
To: The Holders of the Securities
NOTE: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF
INTEREST TO THE REGISTERED HOLDERS AND BENEFICIAL OWNERS OF THE
SECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS, AND OTHER
INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE
RE-TRANSMITTAL TO THE REGISTERED HOLDERS AND BENEFICIAL OWNERS OF
THE SECURITIES IN A TIMELY MANNER.
The Securities have been issued pursuant to an indenture dated
as of August 1, 2014 (the "Base Indenture"), between HSBC Holdings
plc, as issuer (the "Issuer"), The Bank of New York Mellon, London
Branch, as trustee (the "Trustee"), and HSBC Bank USA, National
Association, as paying agent and registrar ("HSBC Bank USA"), as
supplemented and amended by a supplemental indenture dated as of
September 17, 2014 (the "First Supplemental Indenture" and,
together with the Base Indenture, the "Indenture"). Capitalized
terms used and not defined herein have the meanings ascribed to
them in the Indenture.
The Issuer has elected to redeem the Securities in whole in
accordance with the terms of the Indenture and the Securities (the
"Optional Redemption").
Pursuant to Sections 11.02 and 11.04 of the Base Indenture and
Section 2.11(a) of the First Supplemental Indenture, the Company
hereby provides notice of the following information relating to the
Optional Redemption:
-- The redemption date for the Securities shall be January 17, 2020 (the "Redemption Date").
-- The redemption price for the Securities shall be US$1,000 per
US$1,000 principal amount of the Securities, together with any
accrued but unpaid interest (excluding any interest cancelled or
deemed to have been cancelled as described in Sections 2.03 and
2.04 of the First Supplemental Indenture) to, but excluding, the
Redemption Date (the "Redemption Price").
-- Subject to any conditions and/or the limited circumstances
contained in the First Supplemental Indenture, on the Redemption
Date the Redemption Price shall become due and payable upon each
such Security to be redeemed and interest thereon shall cease to
accrue on or after such date.
-- Securities should be surrendered at the registered office of
HSBC Bank USA at 452 Fifth Avenue, New York, NY 10018.
Questions relating to this Notice of Redemption should be
addressed to HSBC Bank USA via e-mail at
CTLANYDealManagement@us.hsbc.com, at its registered office or via
telephone at +1 (212) 525 1592.
IMPORTANT TAX INFORMATION
EXISTING FEDERAL INCOME TAX LAW MAY REQUIRE BACKUP WITHHOLDING
OF 24% OF ANY PAYMENTS TO HOLDERS PRESENTING THEIR SECURITIES FOR
PAYMENTS WHO HAVE FAILED TO FURNISH A TAXPAYER IDENTIFICATION
NUMBER, CERTIFIED TO BE CORRECT UNDER PENALTY OF PERJURY ON A
COMPLETE AND VALID INTERNAL REVENUE SERVICE ("IRS") FORM W-9 OR
APPLICABLE FORM W-8 TO THE APPLICABLE PAYER OR WITHHOLDING AGENT.
HOLDERS MAY ALSO BE SUBJECT TO A PENALTY OF $50.00 FOR FAILURE TO
PROVIDE SUCH NUMBER.
Investor enquiries to:
Greg Case +44 (0) 20 7992 3825 investorrelations@hsbc.com
Media enquiries to:
Gillian James +44 (0)20 7992 0516 gillian.james@hsbcib.com
Note to editors:
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered
in London. HSBC serves customers worldwide from offices in 65
countries and territories in Europe, Asia, North America, Latin
America, and the Middle East and North Africa. With assets of
US$2,728bn at 30 September 2019, HSBC is one of the world's largest
banking and financial services organisations.
ends/all
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END
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