HSBC prices tender offers for four note series, sets max buyback at $6.75 billion

HSBC priced cash tender offers for four series of 2028 senior unsecured notes, raising the maximum purchase price to $6.75 billion.

• Consideration per $1,000: September 2028 notes $975.63; November 2028 notes $1,032.08; May 2028 notes $1,009.75.
• March 2028 notes were set at $999.31 per $1,000, subject to a $1.75 billion sub-cap.
• May 2028 notes are capped at $1 billion.
• Settlement is targeted for Aug. 17, with accrued interest paid separately.