HSBC Holdings plc filed a Form 6-K with the SEC on 29 October 2026, disclosing a Notice of Redemption for its 7.390% Fixed Rate/Floating Rate Senior Unsecured Notes due 2028, with a redemption date of 9 November 2026.

Key Highlights

  • Outstanding principal: US$1,276,632,000 of the original US$2,250,000,000 issuance remains outstanding and will be redeemed in whole.
  • Redemption date: 9 November 2026, as specified in the Notice of Redemption dated 29 October 2026.
  • Redemption price formula: The greater of 100% of outstanding principal or the sum of present values discounted at the Reference Treasury Rate plus 50 basis points.
  • Interest accrual: Accrued but unpaid interest from 3 November 2026 up to, but excluding, the Redemption Date will be paid on the Redemption Date.
  • Make-Whole Redemption Amount: To be determined and communicated via a widely disseminated press release on the third Business Day preceding the Redemption Date.
  • Governing documents: The redemption is made pursuant to the Base Indenture dated 26 August 2009, as supplemented by the Twenty-Seventh Supplemental Indenture dated 3 November 2022.

HSBC Holdings Redeems 7.390% Senior Unsecured Notes Ahead of 2028 Maturity

According to the filing, HSBC Holdings plc, the London-headquartered parent company of the HSBC banking group, has elected to redeem in whole its 7.390% Fixed Rate/Floating Rate Senior Unsecured Notes due 2028. The securities carry CUSIP No. 404280DR7 and ISIN US404280DR76, and were originally issued in a principal amount of US$2,250,000,000. As of the Notice date, US$1,276,632,000 in principal remained outstanding.

The filing describes the redemption as a "Make-Whole Redemption" conducted under Section 11.04 of the Base Indenture and several sections of the Twenty-Seventh Supplemental Indenture. The Redemption Price will equal the greater of 100% of the outstanding principal or the present value of remaining principal and scheduled interest payments through 3 November 2027, discounted on a semi-annual basis using a 360-day year of twelve 30-day months, at the Reference Treasury Rate plus 50 basis points. The filing states that the Make-Whole Redemption Amount will be determined and disclosed publicly on the third Business Day before 9 November 2026.

The filing also notes that interest will cease to accrue on and after the Redemption Date, and that holders must surrender securities at the registered office of HSBC Bank USA, National Association, located at 66 Hudson Boulevard East, 545W9, New York, NY 10001. HSBC Holdings plc reported total assets of US$3,445bn as of 30 September 2026 and serves customers from offices in 56 countries and territories, according to the editor's note included in the filing. The document was signed by Angela McEntee, Group Company Secretary, on behalf of HSBC Holdings plc.

What Was Disclosed

HSBC Holdings plc disclosed, via a Form 6-K filed 29 October 2026, that it will redeem in whole US$1,276,632,000 of its 7.390% Senior Unsecured Notes due 2028 on 9 November 2026, at a make-whole redemption price to be publicly announced three business days prior.