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THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

NOTICE OF REDEMPTION OF NOTES

In fulfilment of its obligations under DTR 6.1.10 of the Disclosure and Transparency Rules, The Hongkong and Shanghai Banking Corporation Limited (the "Issuer") hereby gives notice of redemption of the Issuer's U.S.$400,000,000 Primary Capital Undated Floating Rate Notes (First Series) (ISIN: GB0004355276) (the "Notes").

Pursuant to Condition 4(b) of the Terms and Conditions of the Notes (the "Conditions"), notice is hereby irrevocably given to the holders of the Notes that on 29 February 2016 (the "Redemption Date") the Issuer will exercise its option to redeem all of the Notes outstanding at their principal amount, together with interest accrued (but unpaid) thereon to the Redemption Date (the "Redemption Amount") in accordance with the Conditions. Interest in respect of the Notes will cease to accrue from the Redemption Date, unless payment is improperly withheld or refused or is not made by reason of Condition 2.

Where Notes are held through the clearing systems, Noteholders should look to the relevant clearing system through which their Notes are held for payment of the Redemption Amount.

Where the Notes are held outside the clearing systems, Noteholders should present and surrender their Notes at the specified offices of any of the Paying Agents at the addresses below in accordance with Condition 5(a). Each Note presented for redemption must be presented together with all unmatured Coupons appertaining thereto.

In accordance with Condition 8, Notes and Coupons (excluding for this purpose talons) will become void unless presented for payment within a period of 12 years (in the case of Notes) and 6 years (in the case of Coupons) respectively from the Redemption Date. The prescription period in respect of talons shall be:- (a) as to any talon whose original due date for exchange falls not more than 12 years prior to the Redemption Date, six years from the Redemption Date, but so that the Coupon sheet for which it is exchangeable shall be issued without any Coupon itself prescribed in accordance with Condition 8 and without a talon; and (b) as to any other talon, 12 years from the Relevant Date of the last Coupon of the Coupon sheet of which it formed a part.

Capitalised terms used but not defined in this notice will have the meanings given to them in the Conditions.

The Paying Agents:

Citibank, N.A., London Branch

13th Floor, Citigroup Centre

Canada Square

London E14 5LB

United Kingdom

Citibank, N.A., Hong Kong Branch

Floor 39, Citibank Tower, Citibank Plaza

3 Garden Road

Central

Hong Kong

Banque Internationale à Luxembourg société anonyme

69, route d'Each

L-2953 Luxembourg

Citibank, N.A.

Avenue de Tervuren 249

B-1150 Brussels

Citicorp Bank (Switzerland)

Bahnhofstrasse 63

CH-8021 Zurich

Switzerland

This notice is given on behalf of the Issuer.

Media enquiries

Heidi Ashley

Senior Media Relations Manager

+44 (0) 20 7992 2045

heidi.ashley@hsbc.com

Gareth Hewett

Head of Media Relations Asia-Pacific

+852 2822 4929

garethhewett@hsbc.com.hk

Investor Relations enquiries

Rebecca Self

Senior Manager Investor Relations

+44 (0) 20 7991 3643

rebecca.self@hsbc.com

Hugh Pye

Head of Investor Relations Asia-Pacific

+852 2822 4908

hugh.pye@hsbc.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20160114005610/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

January 14, 2016 08:08 ET (13:08 GMT)

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