HSBC Holdings PLC SGD750m notice of redemption (2384I)
August 03 2023 - 7:15AM
UK Regulatory
TIDMHSBA
RNS Number : 2384I
HSBC Holdings PLC
03 August 2023
3 August 2023
HSBC HOLDINGS PLC
NOTICE OF REDEMPTION AND CANCELLATION OF LISTING
To the holders of:
SGD750,000,000 5.00% Perpetual Subordinated Contingent
Convertible Securities
ISIN Code: XS1882693036
(the 'Securities')
Pursuant to Condition 6(c) of the terms and conditions of the
Securities and paragraph 16 of the pricing supplement dated 20
September 2018 relating to the Securities (the 'Pricing
Supplement'), notice is hereby irrevocably (subject as provided in
Condition 6(c)) given to the holders of the Securities (the
'Security holders') that on the Resettable Security Interest
Payment Date (as defined in the Pricing Supplement) falling on 24
September 2023 (the 'Redemption Date') HSBC Holdings plc will
exercise its option to redeem all of the outstanding Securities at
SGD250,000 per Calculation Amount (as defined in the Pricing
Supplement), together with accrued but unpaid interest from (and
including) the Resettable Security Interest Payment Date falling on
24 March 2023 to (but excluding) the Redemption Date. As the
Redemption Date is not a Relevant Financial Centre Day (as defined
in the terms and conditions of the Securities), pursuant to
Condition 8 (Payments) the redemption of the Securities will in
practice be completed on 25 September 2023.
Securityholders should look to the relevant clearing systems
through which their Securities are held for repayment.
The listing of the Securities on the Official List of the Irish
Stock Exchange plc, trading as Euronext Dublin, and the admission
of the Securities to trading on its Global Exchange Market will be
cancelled on, or shortly after, 26 September 2023.
Investor enquiries to:
Greg Case +44 (0) 20 7992 3825 investorrelations@hsbc.com
Media enquiries to:
Press Office +44 (0) 20 7991 8096 pressoffice@hsbc.com
Notes to editors:
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered
in London. HSBC serves customers worldwide from offices in 62
countries and territories. With assets of US$3,041bn at 30 June
2023, HSBC is one of the world's largest banking and financial
services organisations.
DISCLAIMER - INTENDED ADDRESSEES
The Securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the
'Securities Act'), or any state securities laws and, unless so
registered, may not be offered or sold within the United States or
to, or for the account or the benefit of, U.S. persons, as defined
in Regulation S under the Securities Act, except pursuant to an
exemption from or in a transaction not subject to the registration
requirements of the Securities Act and in compliance with any
applicable state securities laws.
ends/all
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END
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