Hongkong & Shanghai Banking Corp Ld Amendments to Terms and Conditions of Notes (2813V)

TIDM57HB

RNS Number : 2813V

Hongkong & Shanghai Banking Corp Ld

06 August 2020

6 August 2020

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

AMENDMENTS TO TERMS AND CONDITIONS OF NOTES

In fulfilment of its obligations under DTR 6.1.10 of the Disclosure and Transparency Rules, The Hongkong and Shanghai Banking Corporation Limited (the "Bank") hereby gives notice of certain amendments to the Bank's U.S.$400,000,000 Primary Capital Undated Floating Rate Notes (Third Series) (ISIN: GB0004355490) (the "Notes").

In light of certain changes to the governance structure of the Bank, The Law Debenture Trust Corporation p.l.c. (the "Trustee") has concurred with the Bank in modifying certain provisions of the Notes and the trust deed dated 9 July 1986 between the Bank and the Trustee relating to the Notes (as previously amended and supplemented, the "Trust Deed") in order to allow any two directors of the Bank or a director and the Chief Financial Officer to do all acts and things under the Trust Deed and the Notes which were previously required to be done by two Executive Directors.

The Bank therefore hereby gives notice that, with effect from 5 August 2020, pursuant to Clause 17(A) (Modification) of the Trust Deed, the Trust Deed and the Notes have been modified by a supplemental trust deed between the Bank and the Trustee dated 5 August 2020 (the "Supplemental Trust Deed"), to:

-- replace any references in the Trust Deed and the Notes to two Executive Directors with references to two Authorised Signatories; and

   --    add the following definition to the Trust Deed:

""Authorised Signatories" means, where a provision of these presents requires the signature of two Authorised Signatories, either (i) any two directors; or (ii) any one director and the Chief Financial Officer of the Bank."

The full text of the modification is set out in the Supplemental Trust Deed, copies of which are available for inspection on request at the offices of the Bank at 1 Queens Road Central, Hong Kong and on the Bank's website at: https://www.hsbc.com/investors/fixed-income-investors/final-terms-and-supplements/subsidiaries.

This notice is given by The Hongkong and Shanghai Banking Corporation Limited.

Media enquiries

May Kek

Head of Corporate Media Relations Asia Pacific

+852 2822 4940

may.y.m.kek@hsbc.com.hk

Investor Relations enquiries

Greg Case

Head of Fixed Income Investor Relations

+44 (0) 207 992 3825

greg.case@hsbc.com

ends/all

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