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Standard Chartered PLC — Capital/Financing Update 2011
May 9, 2011
4648_rns_2011-05-09_c53efe5f-a733-481b-9b10-ecea087308af.pdf
Capital/Financing Update
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Final Terms
STANDARD CHARTERED PLC
and
STANDARD CHARTERED BANK
and
STANDARD CHARTERED BANK (HONG KONG) LIMITED
and
STANDARD CHARTERED FIRST BANK KOREA LIMITED
U.S.\$35,OOO,OOO,OOO Debt Issuance Programme
U.S.\$1,750,000,000 3.20 per cent. Notes due 2016
Issued by Standard Chartered PLC
Joint Lead Managers Goldman, Sachs & Co. J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Standard Chartered Bank
Co-Lead Manager Lloyds TSB Bank pic
The date of the Final Terms is as of 9 May 2011
PART A - CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Prospectus dated 10 November 2010 and the Supplementary Prospectuses dated 15 March 2011 and 8 April 2011, respectively, which together constitute (with the exception of certain sections) a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes the final terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Prospectus as so supplemented. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Prospectus as so supplemented. The Prospectus and the Supplementary Prospectuses are available for viewing at the registered office of the Issuer at 1 Aldermanbury Square, London EC2V 7SB.
| 1 | Issuer: | Standard Chartered PLC | |
|---|---|---|---|
| 2 | (i) | Series Number: | 66 |
| (ii) | Tranche Number: | ||
| 3 | Currency or Currencies: | United States Dollars ("U.S.\$") | |
| 4 | Aggregate Nominal Amount: | ||
| (i) | Series: | U.S.\$1,750,000,000 | |
| (ii) | Tranche: | U.S.\$1,750,000,000 | |
| 5 | Issue Price: | 99.826 per cent. of the Aggregate Nominal Amount |
|
| 6 | Denominations: | U.S.\$1 00,000 and integral multiples of U.S.\$1 ,000 in excess thereof |
|
| 7 | Calculation Amount: | U.S.\$1,000 | |
| 8 | (i) | Issue Date: | 12 May 2011 |
| (ii) | Interest Commencement Date: | Issue Date | |
| 9 | Maturity Date: | 12 May 2016 | |
| 10 | Interest Basis: | 3.20 per cent. per annum Fixed Rate (further particulars specified below) |
|
| 11 | Redemption/Payment Basis: |
Redemption at par | |
| 12 | Change of Interest or Redemption/Payment Basis: |
Not Applicable | |
| 13 | Put/Call Options: | Not Applicable | |
| 14 | (i) | Status of the Notes: | Senior Notes |
| (ii) | of Date Board for approval issuance of Notes obtained: |
Not Applicable | |
| 15 | Method of distribution: | Syndicated | |
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
| 16 | Fixed Rate Note Provisions | Applicable | ||
|---|---|---|---|---|
| (i) | Rate of Interest: | 3.20 per cent. per annum payable semi |
| annually in arrear | ||
|---|---|---|
| (ii) | Interest Payment Date(s): | 12 May and 12 November in each year, commencing on 12 November 2011, up to and including 12 May 2016 |
| (iii) | Fixed Coupon Amount: | U.S.\$16.0 per Calculation Amount |
| (iv) | Broken Amount(s): | Not Applicable |
| (v) | Day Count Fraction (Condition 40)): |
30/360 |
| (vi) | Determination Dates: | Not Applicable |
| (vii) | Other the relating to terms method of calculating interest for Fixed Rate Notes: |
Not Applicable |
| Floating Rate Note Provisions | Not Applicable | |
| Zero Coupon Note Provisions | Not Applicable | |
| Index-Linked Interest Note Provisions | Not Applicable | |
| Dual Currency Note Provisions | Not Applicable | |
PROVISIONS RELATING TO REDEMPTION
| 21 | Call Option | Not Applicable | |
|---|---|---|---|
| 22 | Regulatory Capital Call: | Not Applicable | |
| 23 | Put Option | Not Applicable | |
| 24 | Final Note |
of each Redemption Amount |
Nominal Amount |
| 25 | Early Redemption Amount | ||
| (i) | Early Redemption Amount(s) per Calculation Amount payable on redemption for taxation reasons or on event of default or other early redemption and/or the method of calculating the same (if required or if different from that set out in the Conditions): |
As per Conditions | |
| (ii) | Redemption for taxation reasons permitted on days other than Interest Payment Dates (Condition 5(c)): |
Yes | |
| (iii) | Unmatured Coupons to become void upon early redemption (Bearer Notes only) (Condition 6(f)): |
Not Applicable |
GENERAL PROVISIONS APPLICABLE TO THE NOTES 26 Form of Notes: 27 28 New Global Note: Registered Notes Global Certificates exchangeable for Definitive Certificates in the limited circumstances specified in the Global Certificates No 29 Business Day Jurisdiction(s) (Condition London and New York 6(h)) or other special provisions relating to Payment Dates: Talons for future Coupons or Receipts to No be attached to Definitive Notes (and dates on which such Talons mature): Details relating to Partly Paid Notes: Not Applicable amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences (if any) of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment: Details relating to Instalment Notes: Not Applicable amount of each instalment, date on which each payment is to be made: Redenomination, renominalisation and Not Applicable reconventioning provisions: Consolidation provisions: Not Applicable Other final terms: Not Applicable 30 31 32 33 34
DISTRIBUTION
35(i) If syndicated, names and addresses of Managers:
Joint Lead Managers
Goldman, Sachs & Co. 200 West Street New York, NY 10282 United States of America
J.P. Morgan Securities LLC 383 Madison Avenue New York, NY 10179 United States of America
Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park New York, NY 10036 United States of America
Standard Chartered Bank One Basinghall Avenue London EC2V 5DD United Kingdom
Co-Lead Manager
Lloyds TSB Bank pic 10 Gresham Street London EC2V 7 AE United Kingdom
| (ii) | Date of Subscription Agreement: | 9 May 2011 | |
|---|---|---|---|
| (iii) | Stabilising Manager(s) (if any): | Goldman, Sachs & Co. | |
| 36 | Dealer: | If non-syndicated, name and address of | Not Applicable |
| 37 | Total commission and concession: | 0.30 per cent. of the Aggregate Nominal Amount |
|
| 38 | U.S. Selling Restrictions: | Reg. S Compliance Category: 2; TEFRA not applicable |
|
| Rule 144A: Qualified Institutional Buyers only | |||
| 39 | Additional selling restrictions: | Not Applicable | |
PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required to list and have admitted to trading the issue of Notes described herein pursuant to the U.S.\$35,000,000,000 Debt Issuance Programme of Standard Chartered PLC, Standard Chartered Bank, Standard Chartered Bank (Hong Kong) Limited and Standard Chartered First Bank Korea Limited.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer:
By:
Duly authorised
PART B - OTHER INFORMATION
1 LISTING
- (i) Listing:
- (ii) Admission to trading:
2 RATINGS
Official List of the UK Listing Authority
Application has been made for the Notes to be admitted to trading on the London Stock Exchange's regulated market with effect from 12 May 2011
Ratings: The Notes to be issued are expected to be rated:
Standard & Poor's International LLC (Hong Kong Branch): A
Moody's Investors Service Pty. Limited: A2 Fitch Ratings Ltd.: AA-
Standard & Poor's International LLC (Hong Kong Branch) is not established in the European Union and has not applied for registration under Regulation (EC) No 1060/2009.
Moody's Investors Service Pty. Limited is not established in the European Union and has not applied for registration under Requlation (EC) No 1060/2009.
Fitch Ratings Ltd. is established in the European Union and has applied for registration under Regulation (EC) No 1060/2009, although the result of such application has not yet been determined.
3INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer
4 ESTIMATED TOTAL EXPENSES
Estimated total expenses: 5 YIELD £3,650
Indication of yield: 3.238 per cent. (semi annual)
As set out above, the yield is calculated at the Issue Date on the basis of the re-offer Price. It is not an indication of future yield.
6 OPERATIONAL INFORMATION
- (i) Intended to be held in a manner No which would allow Eurosystem eligibility:
- (ii) Restricted Notes:
(a) ISIN Code:
(b) CUSIP Number:
- (iii) Unrestricted Notes:
- (a) ISIN Code:
- (b) Common Code:
- (iv) Any clearing system(s) other than Euroclear Bank S.A.lNV., Clearstream Banking, societe anonyme and/or DTC and the relevant identification number(s):
(v) Delivery:
- (vi) Names and addresses of initial Paying Agent(s):
- (vii) Names and addresses of additional Paying Agent(s) (if any):
US853254AG56
853254AG5
XS0627063091
062706309
Not Applicable
Delivery free of payment in respect of the Restricted Notes and delivery against payment in respect of the Unrestricted Notes
The Bank of New York Mellon One Canada Square London E14 5AL United Kingdom
Not Applicable