TIDMHSBA
RNS Number : 6409V
HSBC Holdings PLC
15 April 2021
NOTICE OF REDEMPTION
US$2,000,000,000 6.875% Perpetual Subordinated Contingent
Convertible Securities (Callable June 2021 and Every Five Years
Thereafter)
(CUSIP No. 404280 BC2; ISIN: US404280BC26)* (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 1 August 2014 (as amended or supplemented from time to time,
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 1 June 2016 (the 'Fourth
Supplemental Indenture' and, together with the Base Indenture, the
'Indenture') among the Issuer, the Trustee and HSBC Bank USA as
paying agent, registrar and calculation agent. Capitalised 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 Fourth Supplemental Indenture, the Company
hereby provides notice of the following information relating to the
Optional Redemption:
-- The redemption date for the Securities shall be 1 June 2021 (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 Fourth Supplemental Indenture) to, but excluding, the
Redemption Date (the ' Redemption Price ').
-- Subject to any conditions and/or the limited circumstances
contained in the Fourth 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.
The Issuer has requested that the Securities be delisted from
the Global Exchange Market of Euronext Dublin on the Redemption
Date.
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 7221.
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:
Ankit Patel +44 (0) 20 7991 9813 ankit.patel@hsbc.com
Vinh Tran +852 2822 4924 vinhtran@hsbc.com.hk
Note to editors:
1. HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is
headquartered in London. The HSBC Group serves customers worldwide
from offices in 64 countries and territories in its geographical
regions: Europe, Asia, North America, Latin America, and Middle
East and North Africa. With assets of US$2,984bn at 31 December
2020, HSBC is one of the world's largest banking and financial
services organisations.
2. The Board of Directors of HSBC Holdings plc as at the date of
this announcement is:
Mark Tucker*, Noel Quinn, Laura Cha , Henri de Castries , James
Anthony Forese , Steven Guggenheimer ,Irene Lee , José Antonio
Meade Kuribreña , Heidi Miller , Eileen K Murray , David Nish ,
Ewen Stevenson, Jackson Tai and Pauline van der Meer Mohr .
* Non-executive Group Chairman
Independent non-executive Director
ends/all
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END
MSCFZGMDDKGGMZM
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