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Standard Chartered PLC — Capital/Financing Update 2015
Aug 19, 2015
4648_rns_2015-08-19_a3993410-9536-4651-8833-00955cc911f8.pdf
Capital/Financing Update
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Final Terms
STANDARD CHARTERED PLC, STANDARD CHARTERED BANK
and
STANDARD CHARTERED BANK (HONG KONG) LIMITED
Debt Issuance Programme
G B P Floating Rate Notes due August 2016
Issued by
Standard Chartered Bank
The date of the Final Terms is August
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 2014 which, together with the supplementary prospectuses dated 30 October 2014, December 20 March 28 April 21 May 2015 and 11 August constitutes (with the exception of certain sections) a base prospectus (the "Base Prospectus") for the purposes of the Prospectus Directive (Directive 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 Bank | |
|---|---|---|---|
| 2 | (i) | Series Number: | 140 |
| (ii) | Tranche Number: | 1 | |
| (iii) | Date on which the Notes will be consolidated and form a single Series: |
Not Applicable | |
| 3 | Currency or Currencies: | Great British Pounds ("GBP") | |
| 4 | Aggregate Nominal Amount: | ||
| (i) | Series: | G BP 190,000,000 | |
| (ii) | Tranche: | G BP 190,000,000 | |
| 5 | Issue Price: | 100.00 of the Aggregate Nominal Amount |
|
| 6 | Denominations: | G B P 100,000 | |
| 7 | Calculation Amount: | G BP 100,000 | |
| 8 | (i) | Issue Date: | 20 August 2015 |
| (ii) | Interest Commencement Date: | Issue Date | |
| 9 | Maturity Date: | The Interest Payment Date falling on or nearest to 22 August 2016 |
|
| 10 | Basis: | 3 month GB P LIBOR + 0.25 per 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 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 | |||
| 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) | Interest Payment Dates: | 22 November 22 February 2016, 22 May 2016 and 22 August 2016, subject in each case to adjustment in accordance with the Business Day Convention specified below. |
|
| (iii) | First Interest Payment Date: | 22 November 2015 | |
| (iv) | Business Day Convention: | Modified Following Business Day Convention | |
| (v) | Relevant Financial Centre(s) (Condition | London | |
| (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. London time | ||
| Interest Determination Date: | Business Day of the relevant Interest First Period |
||
| Primary Source for Floating Rate: | Reuters page | ||
| Reference Banks (if Primary Source is "Reference Banks"): |
Not Applicable | ||
| Relevant Financial Centre: | London | ||
| Benchmark: | 3 month GB P LIBOR |
| Effective Date: | The first day of the relevant Interest Accrual Period |
||
|---|---|---|---|
| Specified Duration: | 3 months | ||
| (x) | Linear Interpolation: | Not Applicable | |
| (xi) | Margin(s): | + 0.25 per per annum |
|
| (xii) | Minimum Rate of Interest: | Not Applicable | |
| (xiii) | Maximum Rate of Interest: | Not Applicable | |
| (xiv) | Day Count Fraction (Condition 4(j)): | Actual/365 (fixed) | |
| (xv) | Rate Multiplier: | Not Applicable | |
| 17 | Reset Note Provisions | Not Applicable | |
| 18 | Zero Coupon Note Provisions | Not Applicable | |
| PROVISIONS RELATING TO REDEMPTION | |||
| 19 | Call Option | Not Applicable | |
| 20 | Regulatory Capital Call | Not Applicable | |
| 21 | Put Option | Not Applicable | |
| 22 | Final Redemption Amount of each Note | ||
| 23 | Early Redemption Amount | G BP per Calculation Amount |
|
| (i) | Early Redemption Amount(s) per Calculation Amount payable on redemption for taxation reasons or on event of default or other early redemption: |
G BP 100,000 per Calculation Amount | |
| (ii) | Redemption for taxation reasons permitted on days other than Interest Payment Dates (Condition 5(c)): |
No | |
| (iii) | Unmatured Coupons to become void upon early redemption (Bearer Notes only) (Condition 6(f)): |
Yes | |
| GENERAL PROVISIONS APPLICABLE TO THE NOTES | |||
| 24 | 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 |
25 New Global Note:
Yes
26 Business Day Jurisdiction(s) (Condition 6(h)) or other special provisions relating to Payment Dates:
27 Talons for future Coupons to be attached to Definitive Notes (and dates on which such Talons mature):
Signed on behalf of the Issuer:
Dul y authorise 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 market with effect regulated from on or around 20 August 2015. |
| (iii) | Estimated total expenses of admission to trading |
G BP 3,600 |
2 RATINGS
Ratings
The Notes to be issued are expected to be assigned the following ratings:
S&P: A+
Moody's: Aa2
3 INTERESTS OF NATURAL AND LEGA L PERSON S INVOLVED IN THE ISSUE
Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.
The Dealer and its 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 GB P LIBOR rates can be obtained from Reuters page LIBOR01.
5 OPERATIONAL INFORMATION
| (i) | XS1278848202 | |
|---|---|---|
| (ii) | Common Code: | 127884820 |
| (iii) | WKN : | Not Applicable |
| (iv) | Any clearing system(s) other than Euroclear Bank S.A./N.V., Banking, societ e and DTC and the relevant identification number(s): |
Not Applicable |
| (v) | Delivery: | Delivery against payment | |
|---|---|---|---|
| Names and addresses of initial Paying Agent(s): |
The Bank of New York Mellon, One Canada Square, London 5AL, United Kingdom |
||
| Names and addresses of additional Paying Agent(s) (if any): |
Not Applicable | ||
| 6 | DISTRIBUTION | ||
| (i) | Method of distribution: | Non-Syndicated | |
| (ii) | If syndicated: | ||
| (A) Names of Managers: | Not Applicable | ||
| (B) Stabilising Manager(s) (if any): | Not Applicable | ||
| (iii) | If non-syndicated, name of Dealer: | Standard Chartered Bank |
(iv) US Selling Restrictions:
Standard Chartered Bank
Reg. S Compliance Category 2; TEFR A D