Filed pursuant to Rule 433
Registration No. 333-135007
September 5, 2007
HSBC Holdings plc
Final Term Sheet:
Lead Manager: |
HSBC Securities (USA) Inc. (81.5%) |
Senior Co-Managers: |
BNP Paribas Securities Corp. (1.5%) Citigroup Global Markets Inc. (1.5%) Merrill Lynch, Pierce, Fenner, & Smith Inc. (1.5%) Morgan Stanley & Co. (1.5%) RBC Capital Markets Corporation (1.5%) |
Co-Managers: |
ABN AMRO Incorporated (1%) Banc of America Securities LLC (1%) Commerzbank Capital Markets (1%) Credit Suisse Securities (USA) LLC (1%) Deutsche Bank Securities Inc. (1%) JP Morgan Securities Inc. (1%) National Australia Bank Limited (1%) Scotia Capital (USA) Inc. (1%) SG Americas Securities, LLC (1%) UBS Securities LLC (1%) |
Junior Co-Managers: |
Comerica Securities, Inc. (0.5%) Fifth Third Securities, Inc. (0.5%) |
Structure: |
30-year Global Fixed Rate Subordinated Notes |
Ratings: |
Aa3/A+/AA-(Positive Outlook/Positive Outlook/Positive Outlook) |
Pricing Date: |
September 5, 2007 |
Settlement Date: |
September 12, 2007 |
Maturity Date: |
September 15, 2037 |
Form of Note: |
Subordinated Notes (Lower Tier II) |
Form of Offering: |
SEC Registered Global |
Transaction Details:
Principal Amount: |
$750,000,000 |
Benchmark Treasury: |
UST 4.75% due 02/2037 |
Treasury Yield: |
4.768% |
Treasury Price: |
99-23 |
Re-offer Spread: |
UST + 175 basis points |
Coupon: |
6.50% |
Re-offer Yield: |
6.518% |
Issue Price: |
99.763% |
Gross Fees: |
0.875% |
Net Price: |
98.888% |
Total Proceeds to Issuer: |
$741,660,000.00 |
Interest Payment Dates: |
Semi-annual on each 15th March and 15th September , commencing 15th March, 2008 |
Call Features: |
NCL |
Day Count Convention: |
30/360 |
Minimum Denominations: |
$100,000 and integral multiples of $1,000 thereafter |
Listing: |
NYSE |
Principal Paying Agent: |
HSBC Bank USA, N.A. |
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