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Standard Chartered PLC — Capital/Financing Update 2015
Sep 13, 2015
4648_rns_2015-09-13_fd72b040-3c1f-409c-a96e-8091b83c2c5a.pdf
Capital/Financing Update
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Final Terms
STANDARD CHARTERED PLC, STANDARD CHARTERED BANK
a n d
STANDARD CHARTERED BANK (HONG KONG) LIMITED
Debt Issuance Programme
G B P Floatin g Rat e Note s du e Augus t (th e "Notes" (t o b e consolidate d an d for m a singl e Series , fro m an d includin g th e Issu e Date , wit h th e existin g GB P Floatin g Rat e Note s du e Augus t issue d o n 2 0 Augus t (th e "Existing
Issue d b y
Standard Chartered Bank
Lloyds Bank Standard Chartered Bank
T h e dat e o f th e Fina l Term s i s 1 0 Septembe r 2015 .
PART A - CONTRACTUAL TERMS
Term s use d herei n shal l b e deeme d t o b e define d a s suc h fo r th e purpose s o f th e Condition s se t fort h i n th e Prospectu s date d 1 0 Octobe r 201 4 which , togethe r wit h th e supplementar y prospectuse s date d 3 0 Octobe r 2014 , 1 5 Decembe r 2014 , 2 0 Marc h 2015 , 2 8 Apri l 2015 , 2 1 Ma y an d 1 1 Augus t 201 5 constitute s (wit h th e exceptio n o f certai n sections ) a bas e prospectu s (th e "Base Prospectus") fo r th e purpose s o f th e Prospectu s Directiv e (Directiv e includin g amendment s thereto ) (th e "Prospectus Directive"). Thi s documen t constitute s th e fina l term s o f th e Note s describe d herei n fo r th e purpose s o f Articl e 5. 4 o f th e Prospectu s Directiv e an d mus t b e rea d i n conjunctio n wit h th e Bas e Prospectus . Ful l informatio n o n th e Issue r an d th e offe r o f th e Note s i s onl y availabl e o n th e basi s o f th e combinatio n o f thes e Fina l Term s an d th e Bas e Prospectus . Th e Bas e Prospectu s i s availabl e fo r viewin g a t th e registere d offic e o f th e Issue r a t O n e Basinghal l Avenue , Londo n EC2 V 5DD .
| 1 | Issuer : | Standar d Chartere d Ban k |
|
|---|---|---|---|
| 2 | (i) | Serie s Number : | 1 4 0 (t o b e consolidate d an d for m a singl e Series , fro m an d includin g th e Issu e wit h th e Date , existin g GB P 190,000,00 0 Floatin g Rat e Note s d u e Augus t 201 6 issue d o n 2 0 Augus t (th e "Existing |
| (ii) | Tranch e Number : |
2 | |
| (iii) | Dat e o n whic h th e Note s wil l b e consolidate d an d for m a singl e Series : |
T h e Note s wil l b e consolidate d an d for m a singl e Serie s wit h th e Existin g Note s o n o r afte r th e firs t d a y followin g th e expir y o f 4 0 day s afte r th e Issu e Date . |
|
| 3 | Currenc y o r Currencies : | Grea t Britis h Pound s ("GBP") | |
| 4 | Aggregat e Nomina l Amount : | ||
| ( i) | Series : | G B P 290,000,00 0 | |
| (ii) | Tranche : | G B P 100,000,00 0 |
|
| 5 | Issu e Price : | 100.01 4 pe r o f th e Aggregat e Nomina l plu s GB P 57,191.7 8 Amoun t (representin g interes t i n respec t o f th e perio d accrue d from , a n d including , th e Interes t Commencemen t Dat e t o , bu t excluding , th e Issu e Date ) |
|
| 6 | Denominations : | G B P 100,00 0 |
|
| 7 | Calculatio n Amount : | G B P 100,00 0 |
|
| 8 | (i) | Issu e Date : | 1 4 Septembe r 201 5 |
| (ii) | Interes t Commencemen t Date : |
2 0 Augus t 201 5 | |
| 9 | Maturit y Date : | T h e Interes t Paymen t Dat e fallin g o n o r neares t t o 2 2 Augus t 201 6 |
|
| 10 | Interes t Basis : | 3 mont h GB P LIBO R + 0.2 5 pe r pe r annu m Floatin g Rat e |
| 11 | Redemption/Paymen t Basis : | Subjec t t o an y purchas e an d cancellatio n o r earl y redemption , th e Note s wil l b e redeeme d o n th e Maturit y Dat e a t 10 0 pe r o f thei r nomina l amoun t |
|---|---|---|
| 12 | Chang e o f Interest : | N o t Applicabl e |
| 13 | Put/Cal l Options : | N o t Applicabl e |
| 14 | Statu s o f th e Notes : | Senio r |
|---|---|---|
| Dat e Boar d approva l fo r issuanc e o f | No t Applicabl e | |
| Note s obtained : |
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
| N o t Applicabl e | ||
|---|---|---|
| Floating Rate Note Provisions | Applicabl e | |
| ( i) | Interes t Period(s) : | T h e beginnin g o n (an d including ) 2 0 perio d Augus t 201 5 an d endin g o n (bu t excluding ) th e Dat e an d Firs t interes t Paymen t eac h perio d beginnin g o n (an d successiv e including ) endin g o n (bu t a n Interes t Paymen t Dat e an d excluding ) th e nex t succeedin g Interes t Paymen t Dat e |
| Interes t Paymen t Dates : | 2 2 Februar y 2 2 Ma y 2 2 Novembe r subjec t i n eac h an d 2 2 Augus t cas e t o adjustmen t i n accordanc e wit h th e Busines s D a y Conventio n specifie d below . |
|
| (iii) | Firs t Interes t Paymen t Date : | 2 2 Novembe r 201 5 |
| (iv ) | Busines s Da y Convention : | Modifie d Followin g Busines s Da y Conventio n |
| ( v ) | Relevan t Financia l Centre(s ) (Conditio n 4(j)) : |
Londo n |
| Manne r i n whic h th e Rate(s ) o f Interes t is/ar e t o b e determined : |
Pag e | |
| Interes t Perio d Date(s) : | N o t Applicabl e | |
| (viii) | Part y responsibl e fo r calculatin g th e Rate(s ) o f Interes t an d Interes t Amount(s ) (if no t th e Calculatio n Agent) : |
N o t Applicabl e |
| (ix ) | Pag e (Conditio n 4(c)(i)) : | |
| Relevan t Time : | 11:0 0 a.m . Londo n tim e | |
| Interes t Determinatio n Date : | Busines s Da y o f th e relevan t Firs t Interes t |
|
| Fixed Rate Note Provisions |
| Perio d | ||||
|---|---|---|---|---|
| Primar y Sourc e fo r Rat e |
Reuter s pag e LIBOR0 1 | |||
| Referenc e Bank s (if Primar y Sourc e i s "Referenc e Banks") : |
N o t Applicabl e | |||
| Relevan t Financia l Centre : | Londo n | |||
| Benchmark : | 3 mont h GB P LIBO R |
|||
| Effectiv e Date : | T h e firs t da y o f th e relevan t Interes t Accrua l Perio d |
|||
| Specifie d Duration : | 3 month s | |||
| ( x ) | Linea r Interpolation : | N o t Applicabl e | ||
| (xi ) | Margin(s) : | + 0.2 5 pe r pe r annu m |
||
| (xii) | Minimu m Rat e o f Interest : | N o t Applicabl e | ||
| Maximu m Rat e o f | N o t Applicabl e | |||
| (xiv ) | Da y Coun t Fractio n (Conditio n 4(j)) : | Actual/36 5 (Fixed ) | ||
| (xv ) | Rat e Multiplier : | N o t Applicabl e | ||
| 17 | Reset Note Provisions | N o t Applicabl e | ||
| 18 | Zero Coupon Note Provisions | N o t Applicabl e | ||
| PROVISIONS RELATING TO REDEMPTION | ||||
| 19 | Call Option | N o t Applicabl e | ||
| 20 | Regulatory Capital Call | N o t Applicabl e | ||
| 21 | Put Option | N o t Applicabl e | ||
| 22 | Final Redemption Amount of each Note | |||
| 23 | Early Redemption Amount | G B P 100,00 0 pe r Calculatio n Amoun t | ||
| ( i) | Earl y Redemptio n Amount(s ) pe r Calculatio n Amoun t payabl e o n redemptio n fo r taxatio n reason s o r o n even t o f defaul t o r othe r earl y redemption : |
G B P 100,00 0 pe r Calculatio n Amoun t | ||
| (ii) | Redemptio n fo r taxatio n reason s permitte d o n day s othe r tha n Interes t Paymen t Date s (Conditio n 5(c)) : |
N o | ||
| (iii) | Unmature d Coupon s t o becom e voi d upo n earl y redemptio n (Beare r Note s only ) (Conditio n 6(f)) : |
Y e s |
GENERAL PROVISIONS APPLICABLE TO THE NOTES
| 24 | Form of Notes: | Beare r Note s |
|---|---|---|
| exchangeabl e fo r a Temporar y Globa l Not e Permanen t Globa l Not e whic h i s exchangeabl e f o r Definitiv e Note s i n th e limite d circumstance s specifie d i n th e Permanen t Globa l Not e |
||
| 25 | N e w Globa l Note : | Y e s |
| 26 | Busines s Da y Jurisdiction(s ) (Conditio n 6(h) ) o r othe r specia l provision s relatin g t o Paymen t Dates : |
Londo n |
| 27 | Talon s fo r futur e Coupon s t o b e attache d t o Definitiv e Note s (an d date s o n whic h suc h Talon s mature) : |
N o |
Signe d o n behal f o f th e Issuer :
B y :
Duly authorised
PART B - OTHER INFORMATION
1 Listing
| ( i) | Listing : | Officia l Lis t o f th e U K Listin g Authorit y an d tradin g o n th e Londo n Stoc k Exchang e |
|---|---|---|
| (ii) | Admissio n t o trading : | Applicatio n ha s bee n mad e b y th e Issue r (o r o n it s behalf ) fo r th e Note s t o b e admitte d t o tradin g o n th e Londo n Stoc k Exchange' s fro m o n o r regulate d marke t wit h effec t aroun d 1 4 Septembe r |
| (iii) | Estimate d tota l expense s o f admissio n t o tradin g |
GB P 3,60 0 |
2 RATINGS
Rating s Th e Note s t o b e issue d ar e expecte d t o b e assigne d th e followin g ratings :
S&P:A +
Moody's : Aa 2
3 INTERESTS OF NATURAL AND LEGA L PERSON S INVOLVED IN TH E ISSU E
Sav e fo r an y fee s payabl e t o th e Join t Lea d Managers , s o fa r a s th e Issue r i s aware , n o perso n involve d i n th e offe r o f th e Note s ha s a n interes t materia l t o th e offer .
T h e Join t Lea d Manager s an d thei r affiliate s hav e engaged , an d ma y i n th e futur e engage , i n investmen t bankin g and/o r commercia l bankin g transaction s with , an d ma y perfor m othe r service s for , th e Issue r an d it s affiliate s i n th e ordinar y cours e o f business .
4 Floating Rate Notes only - HISTORIC INTEREST RATES
Detail s o f histori c GB P LIBO R rate s ca n b e obtaine d fro m Reuter s pag e
5 OPERATIONAL INFORMATION
| ( i) | XS129110023 5 fungibl e afte r 4 0 day s wit h | |
|---|---|---|
| Commo n Code : |
12911002 3 fungibl e afte r 4 0 day s wit h | |
| (iii) | WKN : | N o t Applicabl e |
| (iv ) | An y clearin g system(s ) othe r tha n Euroclea r Ban k S.A./N.V. , anonyme an d DT C Banking , an d t h e relevan t identificatio n number(s) : |
N o t Applicabl e |
| ( v ) | Delivery : | Deliver y agains t paymen t |
|---|---|---|
| (vi ) | Name s an d addresse s o f initia l Payin g Agent(s) : |
T h e Ban k o f Ne w Yor k Mellon , On e Canad a Square , Londo n 5AL , Unite d Kingdo m |
| (vii ) | Name s an d addresse s o f additiona l Payin g Agent(s ) (i f any) : |
N o t Applicabl e |
| DISTRIBUTION | ||
| ( i) | Metho d o f distribution : | Syndicate d |
| (ii) | If syndicated : | |
| ( A ) Name s o f Managers : | Lloyd s Ban k | |
| Standar d Chartere d Ban k | ||
| ( B ) Stabilisin g Manager(s ) (i f any) : | N o t Applicabl e | |
| (iii) | If non-syndicated , nam e o f Dealer : | N o t Applicabl e |
Reg . S Complianc e Categor y 2 ; TEFR A D
(iv ) U S Sellin g Restrictions :
6