HSBC (HSBC) issues notice to redeem US$2B 1.589% senior notes due 2027

Rhea-AI Filing Summary

HSBC Holdings plc has filed a Form 6-K announcing a Notice of Redemption for its US$2,000,000,000 1.589% fixed rate/floating rate senior unsecured notes due 2027, referred to as the Securities. The notice references a defined Par Redemption and is addressed to holders of the Securities and the New York Stock Exchange.

HSBC is headquartered in London and serves customers in 56 countries and territories. It reported assets of US$3,233bn as of 31 December 2025, underscoring its position as one of the world’s largest banking and financial services organisations.

Key Figures

Notes principal amount: US$2,000,000,000 Coupon rate: 1.589% Total assets: US$3,233bn +2 more

5 metrics

Notes principal amount US$2,000,000,000 1.589% fixed rate/floating rate senior unsecured notes due 2027

Coupon rate 1.589% Fixed rate/floating rate senior unsecured notes due 2027

Total assets US$3,233bn As of 31 December 2025

Countries and territories served 56 Global footprint of HSBC Holdings plc

Form type Form 6-K Report of Foreign Private Issuer under the Exchange Act

Key Terms

Notice of Redemption, Senior Unsecured Notes, Par Redemption, foreign private issuer, +1 more

5 terms

Notice of Redemption financial

"NOTICE OF REDEMPTION Dated 16 April 2026 US$2,000,000,000 1.589% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027"

A notice of redemption is a formal announcement from a bond or preferred-stock issuer that it will repay and retire those securities on a specified date and at a specified price, telling holders which issues will be called and when. It matters to investors because it changes the timing and amount of expected cash flows—like a store buying back a gift card early, you get your money sooner but may lose future income and must find a new place to reinvest.

Senior Unsecured Notes financial

"1.589% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

Par Redemption financial

"and the Par Redemption (as defined below) shall not be affected by any defect in or omission of such numbers"

foreign private issuer regulatory

"Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d - 16 of the Securities Exchange Act of 1934"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

Form 20-F regulatory

"Form 20-F X Form 40-F"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

Form 6-K: How Foreign Companies Report to the SEC →

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a - 16 or 15d - 16 of

the Securities Exchange Act of 1934

For the month of April

HSBC Holdings plc

8 Canada Square, London E14 5HQ, England

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).

Form 20-F X Form 40-F  

NOTICE OF REDEMPTION

Dated 16 April 2026

US$2,000,000,000 1.589% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027

(CUSIP No. 404280CM9; ISIN: US404280CM98)* (the 'Securities')

* No representation is made as to the correctness of such numbers either as printed on the Securities or as contained in this Notice of Redemption, and reliance may be placed only on the other identification numbers printed on the Securities, and the Par Redemption (as defined below) shall not be affected by any defect in or omission of such numbers.

To:       The Holders of the Securities

             The New York Stock Exchange

NOTE: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED HOLDERS AND BENEFICIAL OWNERS OF THE SECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS, AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE RE-TRANSMITTAL TO THE REGISTERED HOLDERS AND BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER.

The Securities have been issued pursuant to an indenture dated as of 26 August 2009 (as amended or supplemented from time to time, the 'Base Indenture'), between HSBC Holdings plc, as issuer (the 'Issuer'), The Bank of New York Mellon, London Branch, as trustee (the 'Trustee'), and HSBC Bank USA, National Association, as paying agent and registrar ('HSBC Bank USA'), as supplemented and amended by a nineteenth supplemental indenture dated as of 24 November 2020 (the 'Nineteenth Supplemental Indenture' and, together with the Base Indenture, the 'Indenture') among the Issuer, the Trustee and HSBC Bank USA as paying agent, registrar and calculation agent. Capitalised terms used and not defined herein have the meanings ascribed to them in the Indenture.

The Issuer has elected to redeem the Securities in whole in accordance with the terms of the Indenture and the Securities (the 'Par Redemption').

Pursuant to Section 11.04 of the Base Indenture and Sections 2.01, 2.02, 3.01, 3.02, 4.01 and 4.02 of the Nineteenth Supplemental Indenture, the Issuer hereby provides notice of the following information relating to the Par Redemption:

●  The redemption date for the Securities shall be 24 May 2026 (the 'Redemption Date').

●  The redemption price for the Securities shall be US$1,000 per US$1,000 principal amount of the Securities (the 'Redemption Price').

●  Additionally, in accordance with the terms of the Indenture, as the Redemption Date is an Interest Payment Date all accrued but unpaid interest from (and including) 24 November 2025 to (but excluding) the Redemption Date will be payable to the holders of record of the Securities as of 9 May 2026, the Regular Record Date (the 'Interest Payment').  

●  Subject to any conditions and/or the limited circumstances contained in the Nineteenth Supplemental Indenture, on the Redemption Date the Redemption Price and the Interest Payment shall become due and payable upon each such Security to be redeemed and interest thereon shall cease to accrue on and after such date.

●  Pursuant to the terms of the Indenture, as the Redemption Date is not a Business Day, the Issuer will pay interest and principal on the Securities on the next succeeding Business Day, Monday, 25 May 2026. In accordance with the terms of the Indenture, interest on the payment of the Redemption Price and the Interest Payment shall not accrue during the period from and after the scheduled Redemption Date.

●  Securities should be surrendered at the registered office of HSBC Bank USA at 66 Hudson Boulevard East, 545W9, New York, NY 10001, Attention: Issuer Services.

Questions relating to this Notice of Redemption should be addressed to HSBC Bank USA via e-mail at CTLANYDealManagement@us.hsbc.com, at its registered office or via telephone at +1 201 217 8417.

IMPORTANT TAX INFORMATION

EXISTING US FEDERAL INCOME TAX LAW MAY REQUIRE BACKUP WITHHOLDING OF 24% OF ANY PAYMENTS TO HOLDERS PRESENTING THEIR SECURITIES FOR PAYMENTS WHO HAVE FAILED TO FURNISH A TAXPAYER IDENTIFICATION NUMBER CERTIFIED TO BE CORRECT UNDER PENALTY OF PERJURY ON A COMPLETE AND VALID INTERNAL REVENUE SERVICE ('IRS') FORM W-9 OR APPLICABLE FORM W-8 TO THE APPLICABLE PAYER OR WITHHOLDING AGENT. HOLDERS MAY ALSO BE SUBJECT TO PENALTIES FOR FAILURE TO PROVIDE SUCH NUMBER.

Investor enquiries to:

Greg Case                    +44 (0) 20 7992 3825                 investorrelations@hsbc.com

Media enquiries to:

Press Office                 +44 (0) 20 7991 8096                 pressoffice@hsbc.com

Note to editors:

HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,233bn at 31 December 2025, HSBC is one of the world's largest banking and financial services organisations.

ends/all

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

HSBC Holdings plc

By:

Name: Angela McEntee

Title: Group Company Secretary

Date: 16 April 2026

FAQ

What did HSBC (HSBC) disclose in this Form 6-K filing?

HSBC disclosed a Notice of Redemption for its US$2,000,000,000 1.589% fixed rate/floating rate senior unsecured notes due 2027. The notice is directed to holders of the Securities and the New York Stock Exchange.

Which HSBC (HSBC) securities are subject to the Notice of Redemption?

The notice covers HSBC’s US$2,000,000,000 1.589% fixed rate/floating rate senior unsecured notes due 2027, referred to collectively as the Securities. These notes are identified in the filing by specific CUSIP and ISIN numbers.

How large is HSBC (HSBC) based on this filing?

HSBC reported assets of US$3,233bn as of 31 December 2025. This scale supports its description as one of the world’s largest banking and financial services organisations, serving customers from offices in 56 countries and territories.

What does “Par Redemption” mean in HSBC’s (HSBC) note redemption?

The filing refers to a defined term Par Redemption in connection with the notes’ redemption. It states that the Par Redemption will not be affected by any defect in or omission of certain identification numbers printed on the Securities.

Where can investors direct enquiries about HSBC’s (HSBC) note redemption?

Investor enquiries can be directed to Greg Case at +44 (0) 20 7992 3825 or investorrelations@hsbc.com. Media enquiries go to HSBC’s Press Office at +44 (0) 20 7991 8096 or pressoffice@hsbc.com, as listed in the filing.