REG - HSBC Holdings PLC - Notice of redemption

HSBC HoldingsAnnouncement

07/03/2025 15:30

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RNS Number : 8793Z  HSBC Holdings PLC  07 March 2025

NOTICE OF REDEMPTION

Dated 7 March 2025

 

US$2,000,000,000 1.645% Fixed Rate/Floating Rate Senior Unsecured Notes due
2026 (CUSIP No. 404280CJ6; ISIN: US404280CJ69)* (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 seventeenth supplemental indenture dated as of 18 August 2020
(the 'Seventeenth 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 2.02, 3.01, 3.02,
4.01, and 4.02 of the Seventeenth Supplemental Indenture, the Issuer hereby
provides notice of the following information relating to the Optional
Redemption:

 

·      The redemption date for the Securities shall be 18 April 2025 (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 all accrued but unpaid interest
from (and including) 18 October 2024 to (but excluding) the Redemption Date
will be payable to the holders of record of the Securities as of 3 April 2025,
the Regular Record Date (the 'Interest Payment').

·      Subject to any conditions and/or the limited circumstances
contained in the Seventeenth Supplemental Indenture, on the Redemption Date
the Redemption Price and the Interest Payment, as applicable, shall become due
and payable upon each such Security to be redeemed and interest thereon shall
cease to accrue on and after such date.

·      Securities should be surrendered at the registered office of HSBC
Bank USA at 66 Hudson Boulevard East, 545W9, New York, NY 10001, Attention:
Issuer Services.

 

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 U.S. 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 (mailto: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 58 countries and territories.
With assets of US$3,017bn at 31 December 2024, HSBC is one of the world's
largest banking and financial services organisations.

 

ends/all

 

 

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