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Standard Chartered PLC — Capital/Financing Update 2016
Aug 22, 2016
4648_rns_2016-08-22_cd9eb22d-4520-4baf-a889-52519fe84ce2.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.\$77,500,000,000
Debt Issuance Programme
U.S.\$750,000,000 Floating Rate Notes due 2019
Issued by
Standard Chartered PLC
Joint Lead Managers
BNP PARIBAS Credit Suisse J.P. Morgan Nomura Standard Chartered Bank
The date of the Final Terms is 16 August 2016.
PART A – CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (as amended by the supplementary prospectus dated 5 August 2016) set forth in the Prospectus dated 9 October 2015 which, together with the supplementary prospectuses dated 9 November 2015, 4 December 2015, 8 January 2016, 9 March 2016, 4 April 2016, 27 April 2016 and 5 August 2016, 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 1 Basinghall Avenue, London EC2V 5DD.
| 1 | Issuer: | Standard Chartered PLC | |
|---|---|---|---|
| 2 | (i) | Series Number: | 153 |
| (ii) | Tranche Number: | 1 | |
| (iii) | Date on which the Notes will be consolidated and form a single Series: |
Not Applicable | |
| 3 | Currency or Currencies: | United States Dollars ("U.S.\$") | |
| 4 | Aggregate Nominal Amount: | ||
| (i) | Series: | U.S.\$750,000,000 | |
| (ii) | Tranche: | U.S.\$750,000,000 | |
| 5 | Issue Price: | 100 per cent. of the Aggregate Nominal Amount | |
| 6 | Denominations: | U.S.\$200,000 and integral multiples of U.S.\$1,000 in excess thereof |
|
| 7 | Calculation Amount: | U.S.\$1,000 | |
| 8 | (i) | Issue Date: | 19 August 2016 |
| (ii) | Interest Commencement Date: | Issue Date | |
| 9 | Maturity Date: | The Interest Payment Date falling on or nearest to 19 August 2019 |
|
| 10 | Interest Basis: | 3 month U.S. dollar LIBOR + 1.13 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 | Not Applicable Fixed Rate Note Provisions |
||
| 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: | 19 February, 19 May, 19 August, 19 November of each year, commencing on 19 November 2016, up to and including 19 August 2019, subject in each case to adjustment in accordance with the Business Day Convention specified below. |
|
| (iii) | First Interest Payment Date: | 19 November 2016 | |
| (iv) | Business Day Convention: | Modified Following Business Day Convention | |
| (v) | Relevant Financial Centre(s) (Condition 4(j)): |
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: |
Second London Business Day prior to the start of the relevant Interest Period |
||
| - Primary Source for Floating Rate: |
Reuters page LIBOR01 | ||
| - Reference Banks (if Primary Source is "Reference Banks"): |
Not Applicable | ||
| - Relevant Financial Centre: |
London | ||
| - Benchmark: |
3 month U.S. dollar LIBOR |
| - Effective Date: |
The first day of the relevant Interest Accrual Period |
|||
|---|---|---|---|---|
| - Specified Duration: |
3 months | |||
| (x) | Linear Interpolation: | Not Applicable | ||
| (xi) | Margin(s): | +1.13 per cent. per annum | ||
| (xii) | Minimum Rate of Interest: | Not Applicable | ||
| (xiii) | Maximum Rate of Interest: | Not Applicable | ||
| (xiv) | Day Count Fraction (Condition 4(j)): | Actual/360 | ||
| (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 | U.S.\$1,000 per Calculation Amount | ||
| 23 | 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: |
U.S.\$1,000 per Calculation Amount | ||
| (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 | ||||
| 24 | Form of Notes: | Registered Notes | ||
| Global Certificates exchangeable for Definitive Certificates in the limited circumstances specified in the Global Certificates |
||||
| 25 | New Global Note: | No |
26 Business Day Jurisdiction(s) (Condition 6(h)) or other special provisions relating to Payment London and New York Dates:
27 Talons for future Coupons to be attached to Definitive Notes (and dates on which such Talons mature):
No
Signe d o n behal f o f th e Issuer :
B y : .
Duly authorised
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 on or around 19 August 2016. |
| (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: BBB+
Moody's: A1
Fitch: A+
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 LIBOR rates can be obtained from Reuters page LIBOR01.
5 OPERATIONAL INFORMATION
(i) Unrestricted Notes:
| (a) | ISIN: | XS1480699567 | ||
|---|---|---|---|---|
| (b) | Common Code: | 148069956 | ||
| (ii) | Restricted Notes: | |||
| (a) | ISIN: | US853254BD17 | ||
| (b) | CUSIP Number: | 853254BD1 |
| (iii) | Any clearing system(s) other than Euroclear Bank S.A./N.V., Clearstream Banking, société anonyme and DTC and the relevant identification number(s): |
Not Applicable | |
|---|---|---|---|
| (iv) | Delivery: | Delivery free of payment in respect of the Restricted Notes and delivery against payment in respect of the Unrestricted Notes |
|
| (v) | Names and addresses of initial Paying Agent(s): |
The Bank of New York Mellon, One Canada Square, London E14 5AL, United Kingdom |
|
| (vi) | Names and addresses of additional Paying Agent(s) (if any): |
Not Applicable | |
| 6 | DISTRIBUTION | ||
| (i) | Method of distribution: | Syndicated | |
| (ii) | If syndicated: | ||
| (A) Names of Managers: | Joint Lead Managers | ||
| BNP Paribas | |||
| Credit Suisse Securities (USA) LLC | |||
| J.P. Morgan Securities LLC | |||
| Nomura International plcStandard Chartered Bank |
|||
| (B) Stabilising Manager(s) (if any): | J.P. Morgan Securities LLC | ||
| (iii) | If non-syndicated, name of Dealer: | Not Applicable | |
| (iv) | US Selling Restrictions: | Reg. S Compliance Category 2; TEFRA not applicable |
Rule 144A: Qualified Institutional Buyers only