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HSBC Holdings plc, 6.20% Dep Shares, Non-Cumul Preference Shares, Series A ADR
Ticker Symbol: HSBC-A* CUSIP: 404280604 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/13/2021
Security has been Called for: Wednesday, January 13, 2021
Dec 10, 2020 -- HSBC Holdings plc has given notice of redemption and cancellation (the ‘Redemption Notice’) to The Bank of New York Mellon (formerly, The Bank of New York) (the ‘Depositary’), as the holder of the Issuer’s Preference Shares represented by the ADSs (ADS CUSIP: 404280604; ADS ISIN: US4042806046). All the outstanding Preference Shares shall be redeemed in accordance with the terms of the Preference Shares, the Articles, the Board Resolutions and the UK Companies Act 2006 on 13 January 2021 (the ‘Redemption Date’) at a redemption price per Preference Share equal to US$1,000 plus accrued and unpaid dividends for the then-current dividend period, beginning on (and including) 15 December 2020, to (but excluding) the Redemption Date (the ‘Redemption Price’);
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QUANTUMONLINE.COM SECURITY DESCRIPTION: HSBC Holdings plc, 6.20% American Depositary Shares, Series A, each representing 1/40 of a share of 6.20% Non-Cumulative Dollar Preference Shares, Series A, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 12/16/2010 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 6.20% ($1.55) per annum are paid quarterly, if declared by the board of directors, on 3/15, 6/15, 9/15 & 12/15 to holders of record on the date fixed by the board, not more than 60 days or less than 15 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by these preference shares are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (HSBC)
IPO - 9/16/2005 - 52.20 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: HBC-A Changed: 11/15/2013
Market Value $1.3 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 8 Canada Square, London E14 5HQ, United Kingdon |
| Main Phone Number |
+44-20-7991-8888 |
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Inv Rel Phone Number
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+44 (0) 20 7991 6590 |
| Address and Phone Numbers |
| U.S. Representative |
HSBC North America Holdings Inc. |
| Address: 26525 N. Riverwoods Boulevard, Mettawa, IL 60045 |
| Main Phone Number |
224-544-4400 |
| Fax Number |
847-383-3331 |
Toll Free Phone Number |
Unknown |
| CEO - John Flint |
FN - Iain Mackay |
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