Last checked at 2 Feb 2022 16:30
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (A) IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES" OR THE "U.S.") OR TO ANY "U.S. PERSON" AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OTHER THAN A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITES ACT ("RULE 144A") OR (B) IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
Standard Chartered PLC 2 February 2022
STANDARD CHARTERED PLC(a public limited company incorporated in England and Wales) (the "Issuer")
Description of Securities | Rule 144A ISIN / Common Code / CUSIP | Reg S ISIN /Common Code / CUSIP | First Call Date |
U.S.$2,000,000,000 7.50 per cent. Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (the "2016 USD AT1 Securities") | US853254BA77 / 147574614 / 853254 BA7 | USG84228CQ91 / 147574690 / G84228 CQ9 | 2 April 2022 |
U.S.$1,000,000,000 7.75 per cent. Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (the "2017 USD AT1 Securities") | US853254BH21 / 155097418 / 853254 BH2 | USG84228CX43 / 155097477 / G84228 CX4 | 2 April 2023 |
SGD 750,000,000 5.375 per cent. Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (the "2019 SGD AT1 Securities") | N/A / N/A / N/A | XS2013525253 / 201352525 / NA | 3 October 2024 |
U.S.$1,000,000,000 6.00 per cent. Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (the "2020 USD AT1 Securities") | US853254BT68 / 219141769 / 853254 BT6 | USG84228EH74 / 219141793 / G84228 EH7 | 26 January 2026 |
U.S.$1,250,000,000 4.75 per cent. Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (the "January 2021 AT1 Securities") | US853254BX70 / 228219282 / 853254 BX7 | USG84228EP90 / 228218758 / G84228 EP9 | 14 July 2031 |
U.S.$1,500,000,000 4.30% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (the "August 2021 AT1 Securities") | US853254CD08 / 237652975 / 853254CD0 | USG84228EV68 / 237653084 / G84228EV6 | 19 February 2029 |
(together, the "AT1 Securities")
Announcement of determination
The Issuer hereby announces that it has today notified the holders of the AT1 Securities that in order to preserve the capital treatment of such AT1 Securities as additional Tier 1 capital of the Group, it has determined that the Preference Shares shall rank senior to the AT1 Securities. This is as a result of the reclassification of the outstanding Preference Shares as Tier 2 capital of the Group following the end of the CRR grandfathering period.
For further information, please contact:
Daniel BanksManaging Director, Global Head, Debt Investor Relations1 Basinghall AvenueLondonEC2V 5DD020 7885 6329
Julie GibsonHead of Group Media Relations1 Basinghall AvenueLondonEC2V 5DD020 7885 2434
Standard Chartered PLC LEI: U4LOSYZ7YG4W3S5F2G91
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