TIDMHSBA
RNS Number : 8734O
HSBC Holdings PLC
05 October 2023
NOTICE OF REDEMPTION
Dated 5 October 2023
US$1,250,000,000 1.162% Fixed Rate/Floating Rate Senior
Unsecured Notes due 2024
(CUSIP No. 404280 CW7; ISIN: US404280CW70)* (the 'Fixed/Floating
Rate Notes')
US$500,000,000 Floating Rate Senior Unsecured Notes due 2024
(CUSIP No. 404280 CZ0; ISIN: US404280CZ02)* (the 'Floating Rate
Notes' and, together with the Fixed/Floating Rate Notes, 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 the Optional
Redemption (as defined below) shall not be affected by any defect
in or omission of such numbers.
To: The Holders of the Securities
The New York Stock Exchange
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 26 August 2009 (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 twenty-third supplemental indenture dated as of 22 November
2021 (the 'Twenty-Third 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 Section 11.04 of the Base Indenture and Sections
2.01(a), 2.01(d), 2.02 , 3.01(a), 3.01(d), 3.02, 4.01 and 4.02 of
the Twenty-Third Supplemental Indenture, the Issuer hereby provides
notice of the following information relating to the Optional
Redemption:
-- The redemption date for the Securities shall be 22 November
2023 (the ' Redemption Date ' ).
-- The redemption price for the Securities shall be US$1,000 per
US$1,000 principal amount of the Securities (the ' Redemption Price
').
-- Additionally, in accordance with the terms of the Indenture,
as the Redemption Date is an Interest Payment Date:
i. all accrued but unpaid interest from (and including) 22 May
2023 to (but excluding) the Redemption Date will be payable to the
holders of record of the Fixed/Floating Rate Notes as of 7 November
2023, the Regular Record Date (the ' Fixed/Floating Rate Notes
Interest Payment '); and
ii. all accrued but unpaid interest from (and including) 22
August 2023 to (but excluding) the Redemption Date will be payable
to the holders of record of the Floating Rate Notes as of 7
November 2023, the Regular Record Date (the ' Floating Rate Notes
Interest Payment ').
-- Subject to any conditions and/or the limited circumstances
contained in the Twenty-Third Supplemental Indenture, on the
Redemption Date the Redemption Price and the Fixed/Floating Rate
Notes Interest Payment or the Floating Rate Notes Interest Payment,
as applicable, 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 +1 201 217 8417.
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 PENALTIES FOR FAILURE TO PROVIDE
SUCH NUMBER.
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
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 62
countries and territories. With assets of US$ 3,041 bn at 30 June
2023, HSBC is one of the world's largest banking and financial
services organisations.
ends/all
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END
MSCGZMGGDKFGFZM
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