REG - HSBC Holdings PLC - SGD750m notice of redemption

HSBC HoldingsAnnouncement

03/08/2023 12:15

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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
'Securityholders') 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
(mailto: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.

 

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