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HSBC 6.375% Perp (USD)
HSBC Holdings PLC
HSBC Holdings plc is the holding company for the HSBC Group. The Company provides a variety of international banking and financial services, including retail and corporate banking, trade, trusteeship, securities, custody, capital markets, treasury, private and investment banking, and insurance. The Group operates worldwide.
to trade this BondbloX
Bondblox Price Information
Last Price
101.000
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUS404280AS86
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
2.868
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
HSBC Holdings PLC
ISIN
US404280AS86
Bond Currency
USD
Country of Risk
GBR
Guarantor
Not Applicable
Coupon
6.375%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Banks (AT1)
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
2,250,000,000
Amount Outstanding
2,250,000,000
Issue Date
Sep 17, 2014
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
Moody's:Baa3,Fitch:BBB
Registration Type
Registered Offering
Seniority
Subordinated
Callable
Y
Next Call Date
Sep 17, 2024
Next Call Price
100.000
Reference Rate
USISDA05
Spread
370.5
Refix Frequency (years)
5
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Mar 17, 2024
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Distribution Interest Payments:

We will have sole and absolute discretion at all times and for any reason to cancel (in whole or in part) any interest payment that would otherwise be payable on any interest payment date.

Capital Adequacy Trigger Event:

A “Capital Adequacy Trigger Event” will occur if the end-point CET1 Ratio as of any Quarterly Financial Period End Date or Extraordinary Calculation Date, as the case may be, is less than 7.0% on such date. 

  • Automatic Conversion upon a Capital Adequacy Trigger Event: If a Capital Adequacy Trigger Event occurs, then an Automatic Conversion will occur without delay (but no later than one month following either (i) the Ordinary Reporting Date, if a Capital Adequacy Trigger Event has occurred as of a Quarterly Financial Period End Date, or (ii) the Extraordinary Calculation Date, if a Capital Adequacy Trigger Event has occurred as of such date), as described under “Description of the Securities—Automatic Conversion Upon Capital Adequacy Trigger Event—Procedure—Automatic Conversion Procedure,” at which point all of our obligations under the Securities will be irrevocably and automatically released in consideration of our issuance of the Conversion Shares to the Conversion Shares Depository (or to the relevant recipient in accordance with the terms of the Securities) on the date on which the Automatic Conversion will take place, or has taken place, as applicable (such date, the “Conversion Date”), and under no circumstances will such released obligations be reinstated.
  • After a Capital Adequacy Trigger Event, subject to the conditions described under “Description of the Securities—Automatic Conversion Upon Capital Adequacy Trigger Event—Procedure,” we expect the Conversion Shares Depository to deliver to the securityholders on the Settlement Date either (i) Conversion Shares or (ii) if we elect, in our sole and absolute discretion, that a Conversion Shares Offer be made, the Conversion Shares Offer Consideration. 
  • The Securities will not be convertible into Conversion Shares at the option of the securityholders at any time.

 

Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUS404280AS86.
Download
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
 
HSBC 6.375% Perp (USD)
to trade this BondbloX
HSBC Holdings PLC
HSBC Holdings plc is the holding company for the HSBC Group. The Company provides a variety of international banking and financial services, including retail and corporate banking, trade, trusteeship, securities, custody, capital markets, treasury, private and investment banking, and insurance. The Group operates worldwide.
Bondblox Price Information
Last Price
101.000
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUS404280AS86
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
2.868
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
HSBC Holdings PLC
ISIN
US404280AS86
Bond Currency
USD
Country of Risk
GBR
Guarantor
Not Applicable
Coupon
6.375%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Banks (AT1)
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
2,250,000,000
Amount Outstanding
2,250,000,000
Issue Date
Sep 17, 2014
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
Moody's:Baa3
Fitch:BBB
Registration Type
Registered Offering
Seniority
Subordinated
Callable
Y
Next Call Date
Sep 17, 2024
Next Call Price
100.000
Reference Rate
USISDA05
Spread
370.5
Refix Frequency (years)
5
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Mar 17, 2024
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Distribution Interest Payments:

We will have sole and absolute discretion at all times and for any reason to cancel (in whole or in part) any interest payment that would otherwise be payable on any interest payment date.

Capital Adequacy Trigger Event:

A “Capital Adequacy Trigger Event” will occur if the end-point CET1 Ratio as of any Quarterly Financial Period End Date or Extraordinary Calculation Date, as the case may be, is less than 7.0% on such date. 

  • Automatic Conversion upon a Capital Adequacy Trigger Event: If a Capital Adequacy Trigger Event occurs, then an Automatic Conversion will occur without delay (but no later than one month following either (i) the Ordinary Reporting Date, if a Capital Adequacy Trigger Event has occurred as of a Quarterly Financial Period End Date, or (ii) the Extraordinary Calculation Date, if a Capital Adequacy Trigger Event has occurred as of such date), as described under “Description of the Securities—Automatic Conversion Upon Capital Adequacy Trigger Event—Procedure—Automatic Conversion Procedure,” at which point all of our obligations under the Securities will be irrevocably and automatically released in consideration of our issuance of the Conversion Shares to the Conversion Shares Depository (or to the relevant recipient in accordance with the terms of the Securities) on the date on which the Automatic Conversion will take place, or has taken place, as applicable (such date, the “Conversion Date”), and under no circumstances will such released obligations be reinstated.
  • After a Capital Adequacy Trigger Event, subject to the conditions described under “Description of the Securities—Automatic Conversion Upon Capital Adequacy Trigger Event—Procedure,” we expect the Conversion Shares Depository to deliver to the securityholders on the Settlement Date either (i) Conversion Shares or (ii) if we elect, in our sole and absolute discretion, that a Conversion Shares Offer be made, the Conversion Shares Offer Consideration. 
  • The Securities will not be convertible into Conversion Shares at the option of the securityholders at any time.

 

Related Documents
Final Terms
Download
This document constitutes the Final Terms relating to the issue of BondbloX BEXUS404280AS86.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.

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