FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the
month of September
HSBC Holdings plc
42nd
Floor, 8 Canada Square, London E14 5HQ, England
(Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F).
Form
20-F X Form 40-F
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.
ends/more
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.
ends/all
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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HSBC
Holdings plc
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By:
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Name:
Aileen Taylor
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Title:
Group Company Secretary and Chief Governance Officer
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Date:
27 September 2024
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