27
September 2024
THIS ANNOUNCEMENT RELATES TO THE
DISCLOSURE OF INFORMATION THAT QUALIFIED AS INSIDE INFORMATION
WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION
(EU) 596/2014 AS IT FORMS PART OF THE DOMESTIC LAW OF THE UNITED
KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018
('EUWA') IN RELATION TO THE NOTES REFERRED TO HEREIN.
HSBC HOLDINGS
PLC
NOTICE OF REDEMPTION AND
CANCELLATION OF LISTING
To the holders
of:
US$900,000,000 10.176%
Subordinated Step-up Cumulative Notes due 2040
ISIN Code:
XS0110631016
(the
'Notes')
Notice is
hereby irrevocably given to the holders of the Notes (the
'Noteholders') that,
pursuant to Condition 4(d) (Make
Whole Redemption at the option of the Issuer) of the terms
and conditions of the Notes, on 31 October
2024 (the 'Call Settlement Date') HSBC Holdings
plc will exercise its option to redeem all of the outstanding Notes
at an amount equal to the higher of (i) the nominal amount of the
Notes to be redeemed together with Accrued Interest and (ii) the
Make Whole Amount, all in accordance with the terms and conditions
of the Notes.
Noteholders
should look to the relevant clearing systems through which their
Notes are held for repayment on the Call Settlement
Date.
The listing
of the Notes on the Official List of the Financial Conduct
Authority and the admission of the Notes to trading on the Main
Market of the London Stock Exchange plc will be cancelled on or
around the Call Settlement Date.
Capitalised
terms used but not otherwise defined herein shall have the relevant
meanings given to them in the terms and conditions set out in
schedule 4 (part A) to the fiscal agency agreement relating to the
Notes dated 17 April 2000 as amended or supplemented from time to
time, copies of which are available for inspection at the specified
offices of each Paying Agent.
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.
This
announcement is released by HSBC Holdings plc and contains
information that qualified as inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of the domestic law of the United Kingdom by virtue of
the EUWA ('UK MAR'), encompassing
information relating to the notes referred to above. For the
purposes of UK MAR, this announcement is made by Greg Case, Head of
Fixed Income Investor Relations, on behalf of HSBC Holdings
plc.
The Notes
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.
ends/all