HSBC elects to redeem 6.25% subordinated CoCo securities in March

Chicago, Jan. 30 – HSBC Holdings plc will redeem its issue of $2.35 billion 6.25% perpetual subordinated contingent convertible securities (Cusip: 404280BN8) on March 23, according to an announcement.

The securities will be redeemed at par plus interest.

The March 23 redemption date is the first available call date for the securities.

Securities should be surrendered at the registered office of HSBC Bank USA in New York (201 217-8417, CTLANYDealManagement@us.hsbc.com).

HSBC is a London-based bank.

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