HSBC to redeem $400 million in primary capital notes on July 31

By Mary-Katherine Stinson

Lexington, Ky., April 3 – Hongkong and Shanghai Banking Corp. Ltd. intends to redeem its $400 million of undated floating-rate primary capital notes, third series (ISIN: GB0004355490), according to a notice.

It is anticipated that the redemption will take place on the interest payment date of July 31.

Formal redemption notices will be sent to noteholders in accordance with the terms and conditions of the notes.

HSBC is a London-based banking and financial services company with a focus on retail banking and wealth management, commercial banking, global banking and markets and global private banking.

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