27
September 2024
HSBC HOLDINGS
PLC
US$900,000,000 10.176%
Non-cumulative Step-up Perpetual Preferred Securities (Series 2)
issued by HSBC Capital Funding (Dollar 1) L.P. having the benefit
of a subordinated guarantee of HSBC Holdings plc (ISIN Codes:
US40427LAB09 and USG4637HAB45) (the 'USD Jersey Preferred
Securities')
US$900,000,000 10.176%
Subordinated Step-up Cumulative Notes due 2040 issued by HSBC
Holdings plc (ISIN Code: XS0110631016) (the 'USD Subordinated
Notes')
HSBC BANK
PLC
£700,000,000 5.844%
Non-cumulative Step-up Perpetual Preferred Securities issued by
HSBC Bank Capital Funding (Sterling 1) L.P. having the benefit of a
subordinated guarantee of HSBC Bank plc (ISIN Code: XS0179407910)
(the 'GBP Jersey Preferred Securities')
£700,000,000 Fixed/Floating
Subordinated Note due 2048 issued by HSBC Bank plc (ISIN Code:
XS0179766059) (the 'GBP Subordinated Notes')
Further to
the publication today by HSBC Capital Funding (Dollar 1) L.P.
acting by HSBC (General Partner) Limited of a redemption notice in
relation to its USD Jersey Preferred Securities and the related
publication by HSBC Holdings plc of a redemption notice in relation
to its USD Subordinated Notes (being the internal subordinated
notes underlying the USD Jersey Preferred Securities), no action is
being taken at this time by HSBC Bank plc in respect of its
outstanding GBP Subordinated Notes (being the internal subordinated
notes underlying the GBP Jersey Preferred Securities) or by HSBC
Bank (General Partner) Limited in respect of its outstanding GBP
Jersey Preferred Securities.
Over time,
the HSBC group (the 'Group') will continue to evaluate its options
to further reduce its volume of legacy securities, including the
GBP Jersey Preferred Securities and the associated GBP Subordinated
Notes, in line with its previously communicated approach. The Group
expects to evaluate opportunities to reduce its legacy securities
against a desire that decisions are taken where they present a
reasonable economic cost and are appropriate and proportionate in
the circumstances.
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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 60
countries and territories. With assets of US$2,975bn at 30 June
2024, HSBC is one of the world's largest banking and financial
services organisations.
The
securities referred to in this announcement 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, US 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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