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Standard Chartered PLC — Capital/Financing Update 2018
Aug 28, 2018
4648_rns_2018-08-28_3f1e77e4-8d5a-47cf-b702-ad79f0a3a4b7.pdf
Capital/Financing Update
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Final Terms
STANDARD CHARTERED PLC
and
STANDARD CHARTERED BANK
U.S.\$77,500,000,000 Debt Issuance Programme
EUR 50,000,000 Fixed Rate Notes due August 2021
Issued by
Standard Chartered Bank
Standard Chartered Bank
The date of the Final Terms is 24th August 2018
The Notes have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act") or with any securities regulatory authority of any State or other jurisdiction of the United States. The Notes may include notes issued in bearer form ("Bearer Notes") or in bearer form exchangeable for notes in registered form ("Exchangeable Bearer Notes") that are subject to U.S. tax law requirements. Subject to certain exceptions, the Notes may not be offered or sold or, in the case of Bearer Notes or Exchangeable Bearer Notes, delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S ("Regulation S") under the Securities Act).
Notes in registered form ("Registered Notes") may be offered and sold (i) in the United States or to U.S. persons in reliance on Rule 144A under the Securities Act ("Rule 144A") only to qualified institutional buyers ("QIBs") as defined in Rule 144A and (ii) outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.
The Notes have not been approved or disapproved by the U.S. Securities and Exchange Commission, or any securities regulatory authority of any State or other jurisdiction of the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering of Notes or the accuracy or adequacy of this document. Any representation to the contrary is a criminal offence in the United States.
PART A – CONTRACTUAL TERMS
PROHIBITION OF SALES TO EEA RETAIL INVESTORS – The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); (ii) a customer within the meaning of Directive 2002/92/EC (as amended, "IMD"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended, the "Prospectus Directive"). Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Prospectus dated 19 June 2018 which, together with the supplementary Prospectus dated 31 July 2018 constitute (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 1 Basinghall Avenue, London EC2V 5DD and copies may be obtained from 1 Basinghall Avenue, London EC2V 5DD.
| 1 | Issuer: | Standard Chartered Bank | |
|---|---|---|---|
| 2 | (i) (ii) |
Series Number: Tranche Number: |
164 1 |
| (iii) | Date on which the Notes will be consolidated and form a single Series: |
Not Applicable | |
| 3 | Currency or Currencies: | Euro ("EUR") | |
| 4 | Aggregate Nominal Amount: | ||
| (iv) (v) |
Series: Tranche: |
EUR 50,000,000 EUR 50,000,000 |
|
| 5 | Issue Price: | 100 per cent. of the Aggregate Nominal Amount |
|---|---|---|
| 6 | Denominations: | EUR 100,000 |
| 7 | Calculation Amount: | EUR 100,000 |
| 8 | (i) Issue Date: (ii) Interest Commencement Date: |
29 August 2018 29 August 2018 |
| 9 | Maturity Date: | 31 August 2021 |
| 10 | Interest Basis: | 0.208 per cent per annum Fixed 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: (ii) Date Board approval for issuance of Notes obtained: (iii) Events of Default: |
Senior Not Applicable Non-Restrictive Events of Default |
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
| 15 | Fixed Rate Note Provisions | Applicable | |
|---|---|---|---|
| (i) | Rate of Interest: | 0.208 per cent. per annum payable annually in arrears on each Interest Payment Date |
|
| (ii) | Interest Payment Date: | August in each year commencing on 31 August 2019 up to, and including, the Maturity Date adjusted in accordance with the Modified Following Business Day Convention |
|
| (iii) | Fixed Coupon Amounts: | Not Applicable | |
| (iv) | Broken Amount(s): | Not Applicable | |
| (v) | Day Count Fraction (Condition 4(j)): | 30/360 |
| (vi) Determination Dates: |
Not Applicable | ||
|---|---|---|---|
| (vii) Relevant Currency: |
EUR | ||
| 16 | Floating Rate Note Provisions | Not Applicable | |
| 17 | Reset Note Provisions | Not Applicable | |
| 18 | Zero Coupon Note Provisions | Not Applicable | |
| PROVISIONS RELATING TO REDEMPTION | |||
| 19 | Issuer Call Option | Not Applicable | |
| 20 | Regulatory Capital Call | Not Applicable | |
| 21 | Loss Absorption Disqualification Event Call |
Not Applicable | |
| 22 | Put Option | Not Applicable | |
| 23 | Final Redemption Amount of each Note | EUR 100,000 per Calculation Amount | |
| 24 | Early Redemption Amount | ||
| (i) [Early Redemption Amount(s) per Calculation Amount payable on redemption for taxation reasons, due to Loss Absorption Disqualification Event or on event of default: |
EUR 100,000 per Calculation Amount | ||
| (ii) Redeemable 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 | |||
| 25 | 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
- 27 Business Day Jurisdiction(s) (Condition 6(h)) or other special provisions relating to Payment Dates: TARGET and London
- 28 Talons for future Coupons to be attached to Definitive Notes (and dates on which such Talons mature): No
Signed on behalf of the Issuer:
By: ________________________________________
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 from on or around 29th August 2018 |
| (iii) | Estimated total expenses of admission to trading: |
£2,185.00 |
2 RATINGS
Ratings The Notes to be issued are expected to be assigned the following ratings:
S&P: A
Moody's: A1
3 INTERESTS OF NATURAL AND LEGAL PERSONS 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 Dealers 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 YIELD
Indication of yield: See "General Information" on page 147 of the Base Prospectus.
Calculated as 0.208% on the Issue Date.
As set out above, the yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.
5 OPERATIONAL INFORMATION
| $(i)$ ISIN: | ||
|---|---|---|
| -- | ------------- | -- |
(ii) Common Code: 187113717
(i) ISIN: XS1871137177
| (iii) | Any clearing system(s) other than Euroclear Bank SA/NV, Clearstream Banking SA, the CMU Service, DTC and the relevant identification number(s): |
Not Applicable |
|---|---|---|
| (iv) | Delivery: | Delivery against payment |
| (v) | Names and addresses of initial Paying Agent(s): |
The Bank of New York Mellon, One Canada Square, London E14 5AL, |
| (vi) | Names and addresses of additional Paying Agent(s) (if any): |
Not Applicable |
| (vii) | Legal Entity Identifier: | RILFO74KP1CM8P6PCT96 |
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: | Reg. S Compliance Category 2; TEFRA D |