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Standard Chartered PLC — Capital/Financing Update 2014
Jun 12, 2014
4648_rns_2014-06-12_5dc49717-99fd-43df-b438-21703e695b10.pdf
Capital/Financing Update
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Final Terms
STANDARD CHARTERED PLC, STANDARD CHARTERED BANK
and
STANDARD CHARTERED BANK (HONG KONG) LIMITED
U.S.\$57,500,000,000
Debt Issuance Programme
€1,000,000,000 Floating Rate Notes due 2017
Issued by
Standard Chartered PLC
Deutsche Bank J.P. Morgan Cazenove Standard Chartered Bank UBS Limited
The date of the Final Terms is 11 June 2014.
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 October 2013 which, together with the supplementary prospectuses dated 14 January 2014, 18 March 2014, 8 April 2014 and 30 May 2014 constitutes (with the exception of certain sections) a base prospectus (the "Base Prospectus") for the purposes of the Prospectus Directive (Directive 2003/71/EC, including amendments thereto) (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 the Base Prospectus. 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 Base Prospectus. The Base Prospectus is available for viewing at the registered office of the Issuer at One Basinghall Avenue, London EC2V 5DD.
| 1 | Issuer: | Standard Chartered PLC | |
|---|---|---|---|
| 2 | (i) | Series Number: | 120 |
| (ii) | Tranche Number: | 1 | |
| (iii) | Date on which the Notes will be consolidated and form a single Series: |
Not Applicable | |
| 3 | Currency or Currencies: | Euro ("€") | |
| 4 | Aggregate Nominal Amount: | €1,000,000,000 | |
| (i) | Series: | €1,000,000,000 | |
| (ii) | Tranche: | €1,000,000,000 | |
| 5 | Issue Price: | 99.909 per cent. of the Aggregate Nominal Amount |
|
| 6 | Denominations: | €100,000 and integral multiples of €1,000 in excess thereof up to and including €199,000 |
|
| 7 | Calculation Amount: | €1,000 | |
| 8 | (i) | Issue Date: | 13 June 2014 |
| (ii) | Interest Commencement Date: | 13 June 2014 | |
| 9 | Maturity Date: | The Interest Payment Date falling on or nearest to 13 June 2017 |
|
| 10 | Interest Basis: | 3 month EURIBOR + 0.40 per cent. per annum Floating Rate |
|
| 11 | Redemption/Payment Basis: | Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount |
|
| 12 | Change of Interest: | Not Applicable | |
| 13 | Put/Call Options: | Not Applicable | |
| 14 | (i) | Status of the Notes: | Senior |
|---|---|---|---|
| (ii) | Date Board approval for issuance of Notes obtained: |
Not Applicable | |
| PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE | |||
| 15 | Fixed Rate Note Provisions | Not Applicable | |
| 16 | Floating Rate Note Provisions | Applicable | |
| (i) | Interest Period(s): | The period beginning on (and including) the Issue Date and ending on (but excluding) the First Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date |
|
| (ii) | Specified Interest Payment Dates: | 13 March, 13 June, 13 September and 13 December of each year, commencing on 13 September 2014, up to and including 13 June 2017, subject in each case to adjustment in accordance with the Business Day Convention specified below. |
|
| (iii) | First Interest Payment Date: | 13 September 2014 | |
| (iv) | Business Day Convention: | Modified Following Business Day Convention | |
| (v) | Relevant Financial Centre(s) (Condition 4(i)): |
Eurozone | |
| (vi) | Manner in which the Rate(s) of Interest is/are to be determined: |
Page | |
| (vii) | Interest Period Date(s): | Not Applicable | |
| (viii) | Party responsible for calculating the Rate(s) of Interest and Interest Amount(s) (if not the Calculation Agent): |
Not Applicable | |
| (ix) | Page (Condition 4(c)(i)): | ||
| − Relevant Time: |
11:00 a.m. Brussels time | ||
| − Interest Determination Date: |
Two TARGET Business Days prior to the start of the relevant Interest Period |
||
| − Primary Source for Floating Rate: |
Reuters page EURIBOR01 | ||
| − Reference Banks (if Primary Source is "Reference Banks"): |
Not Applicable | ||
| − Relevant Financial Centre: |
Eurozone | ||
| − Benchmark: |
3 month EURIBOR |
| − Representative Amount: |
€1,000,000,000 | ||
|---|---|---|---|
| − Effective Date: |
The first day of the relevant Interest Accrual Period |
||
| − Specified Duration: |
3 months | ||
| (x) | Margin(s): | + 0.40 per cent. per annum | |
| (xi) | Minimum Rate of Interest: | Not Applicable | |
| (xii) | Maximum Rate of Interest: | Not Applicable | |
| (xiii) | Day Count Fraction (Condition 4(i)): | Actual/360 | |
| (xiv) | Rate Multiplier: | Not Applicable | |
| 17 | Zero Coupon Note Provisions | Not Applicable | |
| PROVISIONS RELATING TO REDEMPTION | |||
| 18 | Call Option | Not Applicable | |
| 19 | Regulatory Capital Call | Not Applicable | |
| 20 | Put Option | Not Applicable | |
| 21 | Final Redemption Amount of each Note | €1,000 per Calculation Amount | |
| 22 | 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: |
€1,000 per Calculation Amount | |
| (i) | Redemption for taxation reasons permitted on days other than Interest Payment Dates (Condition 5(c)): |
No | |
| (ii) | Unmatured Coupons to become void upon early redemption (Bearer Notes only) (Condition 6(f)): |
Yes | |
| GENERAL PROVISIONS APPLICABLE TO THE NOTES | |||
| 23 | Form of Notes: | Bearer Notes | |
| Temporary Global Note exchangeable for a permanent Global Note which is exchangeable for Definitive Notes in the limited circumstances specified in the permanent Global Note |
|||
| 24 | New Global Note: | Yes | |
| 25 | Business Day Jurisdiction(s) (Condition 6(h)) or other special provisions relating to Payment |
London |
Dates:
26 Talons for f ut ure Coupons to be attached to Definitive No tes (and dates on which such Talons mature) :
S igned on behalf of the Issuer :
D u l y a u t h o r i s e d
PART B – OTHER INFORMATION
1 Listing
| (i) | Listing: | Official List of the UK Listing Authority and trading on the London Stock Exchange |
|---|---|---|
| (ii) | Admission to trading: | Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the London Stock Exchange's regulated market with effect from on or around 13 June 2014. |
| (iii) | Estimated total expenses of admission to trading |
£3,650 |
2 RATINGS
Ratings The Notes to be issued are expected to be assigned the following ratings:
S&P: A+
Moody's: A2
Fitch: AA-
3 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Joint Lead Managers, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.
The Joint Lead Managers and their affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary course of business.
4 Floating Rate Notes only – HISTORIC INTEREST RATES
Details of historic EURIBOR rates can be obtained from Reuters page EURIBOR01.
5 OPERATIONAL INFORMATION
| (i) | ISIN Code: | XS1077632013 |
|---|---|---|
| (ii) | Common Code: | 107763201 |
| (iii) | Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s): |
Not Applicable |
| (iv) | Delivery: | Delivery against payment |
| (v) | Names and addresses of initial Paying | The Bank of New York Mellon, One Canada |
| (vi) | Agent(s): Names and addresses of additional Paying Agent(s) (if any): |
Square, London E14 5AL, United Kingdom Not Applicable |
|
|---|---|---|---|
| 6 | DISTRIBUTION | ||
| (i) (ii) |
Method of distribution: If syndicated: |
Syndicated | |
| (A) Names of Managers: | Deutsche Bank AG, London Branch J.P. Morgan Securities plc Standard Chartered Bank UBS Limited |
||
| (B) Stabilising Manager(s) (if any): | J.P. Morgan Securities plc | ||
| (iii) | If non-syndicated, name of Dealer: | Not Applicable | |
| (iv) | US Selling Restrictions: | Reg. S Compliance Category 2; TEFRA D | |