AI assistant
Standard Chartered PLC — Capital/Financing Update 2017
Oct 2, 2017
4648_rns_2017-10-02_0ddb1656-0484-4e09-a6e3-9ed1e26bbfe7.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Final Terms
STANDARD CHARTERED PLC
and
STANDARD CHARTERED BANK
Debt Issuance Programme
€750,000,000 Fixed Rate Reset Notes due 2023
Issued by
Standard Chartered PLC
Joint Lead Managers
Barclays, Deutsche Bank, and Standard Chartered Bank
T h e dat e o f th e Fina l Term s i s 2 9 Septembe r
T h e Note s hav e no t bee n an d wil l no t b e registere d unde r th e U.S . Securitie s Ac t o f (th e "Securitie s Act" ) o r wit h an y securitie s regulator y authorit y o f an y Stat e o r othe r jurisdictio n o f th e Unite d States . Th e Note s ar e issue d i n beare r for m ("Beare r Notes" ) an d ar e subjec t t o U.S . ta x la w requirements . Subjec t t o certai n exceptions , th e Note s ma y no t b e offere d o r sol d o r delivere d withi n th e Unite d State s o r to , o r fo r th e accoun t o r benefi t of , U.S . person s (a s define d i n Regulatio n S ("Regulatio n S" ) unde r th e Securitie s Act) .
T h e Note s hav e no t bee n approve d o r disapprove d b y th e U.S . Securitie s an d Exchang e Commission , o r an y securitie s regulator y authorit y o f an y Stat e o r othe r jurisdictio n o f th e Unite d States , no r hav e an y o f th e foregoin g authoritie s passe d upo n o r endorse d th e merit s o f th e offerin g o f Note s o r th e accurac y o r adequac y o f thi s document . An y representatio n t o th e contrar y i s a crimina l offenc e i n th e Unite d States .
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 t h e Prospectu s date d 1 4 Jun e which , togethe r wit h th e supplementar y Prospectuse s date d 2 Augus t an d 9 Augus t constitut e (wit h th e exceptio n o f certai n sections ) a bas e prospectu s (th e "Bas e Prospectus" ) fo r th e purpose s o f th e Prospectu s Directiv e (Directiv e includin g amendment s thereto ) (th e "Prospectu s 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 t h 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 1 Basinghal l Avenue , Londo n EC2 V 5D D an d copie s ma y b e obtaine d fro m 1 Basinghal l Avenue , Londo n EC2 V 5DD .
| 1 | Issuer : | Standar d Chartere d PL C | ||
|---|---|---|---|---|
| 2 | (i) | Serie s Number : | 15 6 | |
| (ii) | Tranch e Number : | 1 | ||
1
| Dat e o n whic h th e Note s wil l b e (iii) consolidate d an d for m a singl e Series : |
No t Applicabl e | |
|---|---|---|
| Currenc y o r Currencies : | Eur o ("€") | |
| Aggregat e Nomina l Amount : | €750,000,00 0 | |
| ( i) Series : |
€750,000,00 0 | |
| (ii) Tranche : |
€750,000,00 0 | |
| Issu e Price : | 99.77 5 pe r o f th e Aggregat e Nomina l Amoun t |
|
| Denominations : | i n €100,00 0 an d integra l multiple s o f €1,00 0 exces s thereo f u p t o an d includin g |
|
| 7 | Calculatio n Amount : | €1,00 0 |
| 8 | ( i) Issu e Date : |
3 Octobe r 201 7 |
| (ii) Interes t Commencemen t Date : |
Issu e Dat e | |
| 9 | Maturit y Date : | 3 Octobe r 202 3 |
| 10 | Interes t Basis : | Rese t Note s |
| 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 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 : | Issue r Cal l Los s Absorptio n Disqualificatio n Even t Cal l |
| 14 | (i) Statu s o f th e Notes : |
Senio r |
| approva l fo r issuanc e o f (ii) Dat e Boar d Note s obtained : |
N o t Applicabl e | |
| Event s o f Default : (iii) |
Non-Restrictiv e Event s o f Defaul t |
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
| 15 | Fixed Rate Note Provisions | N o t Applicabl e | ||
|---|---|---|---|---|
| 16 | Floating Rate Note Provisions | N o t Applicabl e | ||
| 17 | Reset Note Provisions | Applicabl e | ||
| ( i) | Initia l Rat e o f Interest : | 0.75 0 pe r pe r annu m |
||
| (ii) | Firs t Margin : | +0.5 8 pe r pe r annu m |
||
| (iii) | Subsequen t Margin : | N o t Applicabl e | ||
| (iv ) | Interes t Paymen t Dates : | 3 Octobe r i n eac h year , commencin g o n 3 Octobe r t o (an d including ) th e Maturit y Dat e |
||
| ( v ) | Firs t Interes t Paymen t Date : | 3 Octobe r 201 8 | ||
| (vi) | Amoun t u p t o (bu t Fixe d Coupo n excluding ) th e Firs t Rese t Date : |
€7.5 0 pe r Calculatio n Amoun t | ||
| (vii) | Broke n Amount(s) : | N o t Applicabl e | ||
| (viii) Firs t Rese t Date : | 3 Octobe r 202 2 |
| (ix ) | Secon d Rese t Date : | N o t Applicabl e | |
|---|---|---|---|
| ( x ) | Subsequen t Rese t Date : | N o t Applicabl e | |
| (xi) | Rese t Rate : | Mid-Swa p Rat e | |
| (xii) | Relevan t Scree n Page : | EUR-EURIBOR-Reuter s a s displaye d o n Reuter s pag e Scree n |
|
| (xiii) Mid-Swa p Rate : | Singl e Mid-Swa p Rat e | ||
| (xiv ) Mid-Swa p Maturity : | twelve-mont h | ||
| (xv ) Da y Coun t Fractio n (Conditio n | Actual/Actua l - A |
||
| (xvi ) Relevan t Time : | N o t Applicabl e | ||
| Interes t Determinatio n Dates : | N o t Applicabl e | ||
| (xviii) | Busines s Da y Convention : | Followin g Busines s Da y Conventio n | |
| (xix ) Relevan t Currency : | N o t Applicabl e | ||
| (xx ) Relevan t Financia l Centre(s ) (Conditio n | N o t Applicabl e | ||
| 4(j)) : | |||
| 18 | Zero Coupon Note Provisions | N o t Applicabl e | |
| PROVISIONS RELATING TO REDEMPTION | |||
| 19 | Issuer Call | Applicabl e | |
| ( i) | Optiona l Redemptio n Date(s) : | 3 Octobe r 202 2 | |
| Cal l Optio n Redemptio n Amount(s ) an d | pe r Calculatio n Amoun t | ||
| (ii) | method , if any , o f calculatio n o f suc h amount(s) : |
||
| i) | If redeemabl e in part : | ||
| ( a ) | Minimu m Cal l Optio n Redemptio n Amount : |
N o t Applicabl e | |
| ( b ) | Optio n Redemptio n Maximu m Cal l Amount : |
No t Applicabl e | |
| (iv ) | Notic e period : | A s pe r Conditio n 5(d ) | |
| 20 | Regulatory Capital Call | N o t Applicabl e | |
| 21 | Call | Loss Absorption Disqualification Event | Applicabl e |
| ( i) | Redeemabl e o n day s othe r tha n Interes t Paymen t Date s (Conditio n 5(f)) : |
Y e s | |
| 22 | Put Option | N o t Applicabl e | |
| 23 | Note Final Redemption Amount of |
||
| 24 | Early Redemption Amount | pe r Calculatio n Amoun t | |
| ( i) | Amount(s ) pe r Earl y Redemptio n payabl e o n Calculatio n Amoun t redemptio n fo r taxatio n reasons , du e t o Regulator y Capita l Even t o r du e t o Los s |
pe r Calculatio n Amoun t |
Absorptio n Disqualificatio n Even t o r o n even t o f default :
- (ii) Redeemabl e o n day s othe r tha n Interes t Ye s Paymen t Date s (Conditio n 5(c)) :
- (iii) Unmature d Coupon s t o becom e voi d Applicabl e upo n earl y redemptio n (Beare r Note s only ) (Conditio n 6(f)) :
GENERA L PROVISIONS APPLICABLE TO THE NOTES
25 Form of Notes: Beare r Note s
N o t Applicabl e
Temporar y Globa l Not e exchangeabl e fo r a permanen t Globa l Not e whic h i s exchangeabl e fo 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
Y e s
26 New Global Note:
- 27 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 :
- 28 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 th e Issuer :
Duly authorised
Part B - Other Information
1 LISTING
( i) Listing :
(ii) Admissio n t o trading :
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
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 t h e Londo n Stoc k Exchange' s regulate d marke t wit h effec t fro m 3 Octobe r
(iii) Estimate d tota l expense s o f admissio n t o trading :
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 :
Moody's : A 2
S&P : BBB +
Fitch : A +
3 INTEREST S OF NATURAL AND LEGA L PERSON S INVOLVED IN TH E OFFE R
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 , in 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 a n d it s affiliate s i n th e ordinar y cours e o f business .
4 YIEL D
Indicatio n o f yield : Se e "Genera l Information " o n pag e o f th e Bas e Prospectus .
Calculate d a s 0.79 6 pe r o n th e Issu e Date . A s se t ou t above , th e yiel d i s calculate d a t th e Issu e Dat e o n th e basi s o f th e Issu e Price . It i s no t a n indicatio n o f futur e yield .
5 OPERATIONAL INFORMATION
| ( i) | XS169328153 4 |
|---|---|
(ii) Commo n Code :
(iii) An y clearin g system(s ) othe r tha n No t Applicabl e Euroclea r Ban k SA/NV , Banking , SA , th e CM U Service , DT C an d t h e relevan t identificatio n number(s) :
- (iv ) Delivery :
- ( v ) Name s an d addresse s o f initia l Payin g Agent(s) :
- (vi) Name s an d addresse s o f additiona l Payin g Agent(s ) (i f any) :
( B ) Stabilisin g Manager(s ) (if any) :
(iii) If non-syndicated , nam e o f Dealer :
(iv ) U S Sellin g Restrictions :
DISTRIBUTION
- ( i) Metho d o f distribution :
- (ii) If syndicated :
( A ) Name s o f Managers :
Deliver y agains t paymen t
T h e Ban k o f Ne w Yor k Mellon , On e Canad a Square , Londo n E1 4 5AL , Unite d Kingdom/Th e Ban k o f Ne w Yor k Mello n SA/N V Luxembour g Branch , Vertig o Buildin g - Polaris , 2- 4 ru e Eugen e Ruppert , L-245 3 Luxembour g
N o t Applicabl e
Syndicate d
Joint Lead Managers
Barclay s Ban k PLC , Deutsch e Ban k AG , Londo n Branch , Ban k N.V . an d Standar d Chartere d Ban k
Co-Lead Managers
A B N Amr o Ban k N.V. , Credi t Agricol e Corporat e a n d Investmen t Bank , Firs t Ab u Dhab i Ban k PJSC , Lloyd s Ban k an d Nomur a Internationa l PL C
N o t Applicabl e
N o t Applicabl e
Reg . S Complianc e Categor y 2 ; TEFR A D