Notice of Redemption

RNS Number : 0563E

HSBC Holdings PLC

24 May 2012

 



24 May 2012

NOTICE OF REDEMPTION

Notice is hereby given to the holders of the EUR600 million 8.03% Non-cumulative Step-up Perpetual Preferred Securities (the Preferred Securities) issued by HSBC Capital Funding (Euro 1) L.P. (the Limited Partnership) on 17 April 2000 (Restricted ISIN: XS0110562617 and Reg S ISIN: XS0110562534).

Pursuant to the terms and conditions of the Preferred Securities, HSBC (General Partner) Limited, in its capacity as general partner of the Limited Partnership, will exercise its right to redeem all of the Preferred Securities on 30 June 2012, the First Optional Redemption Date.

On 2 July 2012, the next business day following the First Optional Redemption Date, all of the Preferred Securities issued by the Limited Partnership shall be redeemed in whole for cash at a redemption price equal to the Optional Redemption Price (as such term is defined in the Limited Partnership Agreement relating to the Preferred Securities).

Investor enquiries to:
Nick Turnor Head of Debt Investor Relations	[phone]	[e-mail]
Media enquiries to:
Brendan McNamara	[phone]	[e-mail]

Note to editors:

HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,200 offices in over 80 countries and territories in Europe, the Asia-Pacific region, North and Latin America, and the Middle East and North Africa. With assets of US$2,637bn at 31 March 2012, the HSBC Group is one of the world's largest banking and financial services organisations.

 

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