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HSBC Holdings Plc | Floating Rate Non-Cumulative Preferred Stock, Series F (HUSI.PRF)
This preferred is marked as having been called.
Prospectus excerpt: Dividends on the Series F Preferred Stock will accrue from April 6, 2005 and will be payable when, as and if declared by the board of directors of HSBC USA Inc. quarterly on the 1st calendar day of January, April, July and October of each year, commencing July 1, 2005. Dividends on the Series F Preferred Stock will be payable at a floating rate equal to three-month LIBOR plus 0.75% of the stated value of $25 per share, but the dividend rate will not be less than 3.5% per annum. Dividends on the Series F Preferred Stock will be non-cumulative. Accordingly, if for any reason our board of directors does not declare a dividend on the Series F Preferred Stock for a dividend period, we will not pay a dividend for that dividend period on the dividend payment date for that dividend period or at any future time, whether or not our board of directors declares dividends on the Series F Preferred Stock for any subsequent dividend period. However, with certain exceptions, we may not declare or pay dividends on or redeem or purchase our common stock or other series of preferred stock at any time if we have not declared, paid or set aside for payment full dividends on the Series F Preferred Stock for the then-current dividend period. The liquidation preference of each share of the Series F Preferred Stock is $25. We may redeem the Series F Preferred Stock on any dividend payment date on or after April 7, 2010, in whole or in part, at a redemption price equal to $25 per share of Series F Preferred Stock plus accrued and unpaid dividends for the then-current dividend period. Full Prospectus PDF », Secondary Prospectus PDF », HSBC Page »
Series: | F | Alternate symbology: | HUSI-F, HUSI-PF, HUSIprF | Redeemable?: | Yes | Call Date: | 4/7/2010 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 18,000,000 | Overallotment: | 2,700,000 | Liquidation Preference: | $25.00 | Original Coupon: | Equal to three-month LIBOR plus 0.75%, but not be less than 3.5% per annum | Pay Period: | Quarterly | Pay Dates: | 1-Jan, 1-Apr, 1-Jul, 1-Oct | CDx3 Compliance Rating: |
Learn HUSI.PRF's Rating
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HSBC Holdings is a bank holding company. Through its subsidiaries, Co. provides a range of banking and related financial services to its customers in its three global businesses: Wealth and Personal Banking, which provides a range of retail banking and wealth products such as current and savings accounts; Commercial Banking, which provides a range of products and services including credit and lending, international trade and receivables finance, treasury management and liquidity solutions, commercial insurance and investments; and Global Banking and Markets, which provides financial solutions to primary government, corporate and institutional clients and private investors worldwide. Preferreds: HUSI.PRD, HUSI.PRZ, HUSI.PRF, HSFC.PRB, HSBC.PRA, HUSI.PRG, HUSI.PRH, HSEB Open the HSBC Information Page »
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Name: |
HSBC Holdings Plc |
Website: |
www.hsbc.com |
Sector: |
Banking & Savings |
Number of ETFs Holding HSBC: |
1 (see which ones) |
Total Market Value Held by ETFs: |
$622,799 |
Total Market Capitalization: |
$84,960,000,000 |
% of Market Cap. Held by ETFs: |
0.00% |
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