Bond Stanchart Bank 0% ( XS2606089089 ) in USD

Stanchart Bank

100 % ⇌

United Kingdom

XS2606089089 ( in USD )

29/03/2028

Prospectus brochure of the bond Standard Chartered Bank XS2606089089 en USD 0%, maturity 29/03/2028

200 000 USD

25 000 000 USD

Standard Chartered Bank is a British multinational banking and financial services company headquartered in London, operating in over 60 markets across Asia, Africa, and the Middle East, with a focus on emerging markets.

The Bond issued by Stanchart Bank ( United Kingdom ) , in USD, with the ISIN code XS2606089089, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Bond maturity is 29/03/2028

INTERNAL

FINAL TERMS
STANDARD CHARTERED PLC
and
STANDARD CHARTERED BANK
U.S.$77,500,000,000
Debt Issuance Programme
USD 25 million 5-yr Floating Rate Notes due March 2028
Issued by
Standard Chartered Bank

Dealer
Standard Chartered Bank
The date of the Final Terms is 27th March 2023
PART A CONTRACTUAL TERMS
THE NOTES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S.
SECURITIES ACT 1933 (THE "SECURITIES ACT") OR WITH ANY SECURITIES
REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION OF THE UNITED
STATES. THE NOTES ARE ISSUED IN BEARER FORM ("BEARER NOTES") THAT ARE
SUBJECT TO U.S. TAX LAW REQUIREMENTS. SUBJECT TO CERTAIN EXCEPTIONS, THE
NOTES MAY NOT BE OFFERED OR SOLD OR DELIVERED WITHIN THE UNITED STATES
OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN
REGULATION S ("REGULATION S") UNDER THE SECURITIES ACT.
THE NOTES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE U.S. SECURITIES
AND EXCHANGE COMMISSION, OR ANY SECURITIES REGULATORY AUTHORITY OF ANY
STATE OR OTHER JURISDICTION OF THE UNITED STATES, NOR HAVE ANY OF THE
FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THE
OFFERING OF NOTES OR THE ACCURACY OR ADEQUACY OF THIS DOCUMENT. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes are not intended to be
of ered, sold or otherwise made available to and should not be offered, sold or otherwise made
available to any retail investor in the European Economic Area (the "EEA").For these purposes,
a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11)
of Article 4(1) of Directive 2014/65/EU (as amended "MiFID II"); (ii) a customer within the meaning
of Directive (EU) 2016/97 as amended or superseded (the "IDD"), where that customer would not
qualify as a professional client as defined in point (10) of Article 4(1) of MiFID I ; or (i i) not a
qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 (the "EU Prospectus
Regulation"). Consequently, no key information document required by Regulation (EU) No
1286/2014 (as amended, the "EU PRIIPs Regulation") for of ering or selling the Notes or
otherwise making them available to retail investors in the EEA has been prepared and therefore
of ering or selling the Notes or otherwise making them available to any retail investor in the EEA
may be unlawful under the EU PRIIPs Regulation.
1

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PROHIBITION OF SALES TO UK RETAIL INVESTORS The Notes are not intended to be
of ered, sold or otherwise made available to and should not be offered, sold or otherwise made
available to any retail investor in the United Kingdom (the "UK"). For these purposes, a retail
investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article
2 of Regulation (EU) No 2017/565 as it forms part of the domestic law of the UK by virtue of the
European Union (Withdrawal) Act 2018 (the "EUWA"); (ii) a customer within the meaning of the
provisions of the Financial Services and Markets Act 2000 (the "FSMA") and any rules or
regulations made under the FSMA to implement the IDD, where that customer would not qualify
as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as
it forms part of the domestic law of the UK by virtue of the EUWA ("UK MiFIR"); or (iii) not a
qualified investor as defined in Article 2 of the EU Prospectus Regulation as it forms part of the
domestic law of the UK by virtue of the EUWA (the "UK Prospectus Regulation"). Consequently,
no key information document required by the EU PRIIPs Regulation as it forms part of the
domestic law of the UK by virtue of the EUWA (the "UK PRIIPs Regulation") for of ering or sel ing
the Notes or otherwise making them available to retail investors in the UK has been prepared and
therefore offering or sel ing the Notes or otherwise making them available to any retail investor in
the UK may be unlawful under the UK PRIIPs Regulation.
MiFID I PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ELIGIBLE
COUNTERPARTIES ONLY TARGET MARKET Solely for the purposes of each manufacturer's
product approval process, the target market assessment in respect of the Notes has led to the
conclusion that: (i) the target market for the Notes is eligible counterparties and professional
clients only, each as defined in MiFID II; and (ii) all channels for distribution of the Notes to eligible
counterparties and professional clients are appropriate.. Any person subsequently of ering, selling
or recommending the Notes (a "distributor") should take into consideration the manufacturer's
target market assessment; however, a distributor subject to MiFID II is responsible for undertaking
its own target market assessment in respect of the Notes (by either adopting or refining the
manufacturer's target market assessment) and determining appropriate distribution channels.
UK MiFIR PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ELIGIBLE
COUNTERPARTIES ONLY TARGET MARKET Solely for the purposes of each manufacturer's
product approval process, the target market assessment in respect of the Notes has led to the
conclusion that: (i) the target market for the Notes is only eligible counterparties, as defined in the
FCA Handbook Conduct of Business Sourcebook ("COBS"), and professional clients, as defined
in UK MiFIR; and (ii) all channels for distribution of the Notes to eligible counterparties and
professional clients are appropriate. Any distributor should take into consideration the
manufacturer`s target market assessment; however, a distributor subject to the FCA Handbook
Product Intervention and Product Governance Sourcebook is responsible for undertaking its own
target market assessment in respect of the Notes (by either adopting or refining the
manufacturer`s target market assessment) and determining appropriate distribution channels.
NOTIFICATION UNDER SECTION 309B OF THE SECURITIES AND FUTURES ACT 2001 OF
SINGAPORE, AS MODIFIED OR AMENDED FROM TIME TO TIME (THE "SFA") AND THE
SECURITIES AND FUTURES (CAPITAL MARKETS PRODUCTS) REGULATIONS 2018 OF
SINGAPORE (THE "CMP REGULATIONS 2018") In connection with Section 309(B) of the
SFA and the CMP Regulations 2018, the Issuer has determined, and hereby notifies all persons
(including all relevant persons as defined in Section 309A(1) of the SFA), that the Notes are
prescribed capital markets products (as defined in the CMP Regulations 2018) and Excluded
Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment
Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products)
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set
forth in the Prospectus dated 15th June 2022 which, together with the supplementary prospectus
dated 29th July 2022, 26th October 2022 and 16th February 2023 constitutes (with the exception
of certain sections) a base prospectus (the "Base Prospectus") for the purposes of the UK
Prospectus Regulation. This document constitutes the Final Terms of the Notes described herein

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for the purposes of the UK Prospectus Regulation and must be read in conjunction with the Base
Prospectus in order to obtain all the relevant information. The Base Prospectus is available for
viewing at 1 Basinghall Avenue, London EC2V 5DD and ht ps://www.sc.com/en/investors/credit-
ratings-fixed-income/capital-securities-in-issue/#debtissuance and copies may be obtained from
1 Basinghall Avenue, London EC2V 5DD.

1.
Issuer:
Standard Chartered Bank
2.
(i)
Series Number:
258
(ii)
Tranche Number:
1
(iii)
Date on which the Notes Not Applicable
wil be consolidated and
form a single Series:
3.
Currency or Currencies:
United States Dollars ("U.S.$")
4.
Aggregate Nominal Amount:

(i)
Series:
U.S.$25,000,000
(ii)
Tranche:
U.S.$25,000,000
5.
Issue Price:
100 per cent. of the Aggregate Nominal Amount
6.
Denominations:
U.S.$200,000 and integral multiples of U.S.$
1,000 in excess thereof
7.
Calculation Amount:
U.S.$1,000
8.
(i)
Issue Date:

29th March 2023
(ii)
Interest Commencement 29th March 2023
Date:
9.
Maturity Date:
The Interest Payment Date falling on or nearest
to 29th March 2028
10.
Interest Basis:
SOFR Compound + 1.30 per cent Floating
Rate
11.
Redemption/Payment Basis:
Subject to any purchase and cancellation or
early redemption, the Notes will be redeemed
on the Maturity Date at 100per cent. of their
nominal amount
12.
Change of Interest:
Not Applicable
13.
Put/Call Options:
Not Applicable
14.
(i)
Status of the Notes:
Senior, Unsecured, Unsubordinated
(ii)
Date Board approval for
Not Applicable
issuance of Notes

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obtained:

(iii)
Events of Default:
Restrictive Events of Default

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Note Provisions
Not Applicable
16.
Floating Rate Note Provisions
Applicable

(i)
Interest Period(s):
The period beginning on (and including) the
Issue Date and ending on (but excluding) the
First Interest Payment Date and each
successive period beginning on (and
including) an Interest Payment Date and
ending on (but excluding) the next
succeeding Interest Payment Date

(ii)
Interest Payment Dates:
Coupon will be payable quarterly in arrears
on 29 March, 29 June, 29 September and 29
December of each year, from (and including)
29 June 2023 up to (and including) the
Maturity Date

(iii)
First Interest Payment Date:
29th June 2023

(iv)
Business Day Convention:
Modified
Following
Business
Day
Convention

(v)
Relevant Financial Centre(s) New York and London
(Condition 4(k)):

(vi)
Manner in which the Rate(s) Page
of Interest is/are to be
determined:

(vii)
Interest Period Date(s):
As per Conditions

(viii) Calculation Agent:
The Bank of New York Mellon, London
Branch One Canada Square, London E14
5AL, United Kingdom

(ix)
Party
responsible
for Not Applicable
calculating the Rate(s) of
Interest
and
Interest
Amount(s)
(if not
the
Calculation Agent):

(x)
Page (Condition 4(c)):

Relevant Time:
3:00 p.m (New York time)

Interest
The date which is five U.S. Government
Determination Date:
Securities Business Days prior to each
Interest Payment Date

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Primary Source for
As per Condition 4(c)(ii)(B)(a)
Floating Rate:

Reference Banks (if
Not Applicable
Primary Source is
"Reference Banks"):

Relevant Financial
New York and London
Centre:

Benchmark:
SOFR

Ef ective Date:
Not Applicable

Specified Duration:
Not Applicable

SOFR Rate Cut-Of
Not Applicable
Date:

Lookback Days:
5 U.S. Government Securities Business
Days

SOFR Benchmark:
SOFR Compound

SOFR Compound:
SOFR Compound with Lookback

SOFR Observation
Not Applicable
Shift Days:

Interest Accrual
Not Applicable
Period End Dates:

Interest Payment
Not Applicable
Delay:

SOFR Index Start:
Not Applicable

SOFR Index End:
Not Applicable

SONIA Benchmark:
Not Applicable

SONIA Observation
Not Applicable
Method:

SONIA Observation
Not Applicable
Look-Back Period:

SONIA Observation
Not Applicable
Shift Period:

Fallback Page:
Not Applicable

STR Observation
Not Applicable
Method:

STR Observation
Not Applicable
Look-Back Period:

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STR Observation
Not Applicable
Shift Period:

D:
Not Applicable

SORA Observation
Not Applicable
Period:

(xi)
Representative Amount:
Not Applicable

(xii)
Linear Interpolation:
Not Applicable

(xiii)
Margin(s):
+1.30 per cent. per annum

(xiv)
Minimum Interest Rate:
0 per cent. per annum

(xv)
Maximum Interest Rate:
Not Applicable

(xvi)
Day Count Fraction
Actual/360, Adjusted
(Condition 4(k)):

(xvii) Rate Multiplier:
Not Applicable

(xviii) Benchmark Discontinuation:
Benchmark Discontinuation (SOFR)

Lookback/
Not Applicable

Suspension Period:
17.
Reset Note Provisions
Not Applicable
18.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19.
Issuer Call
Not Applicable
20.
Regulatory Capital Cal
Not Applicable
21.
Loss Absorption
Not Applicable
Disqualification Event Call
22.
Clean-up Cal
Not Applicable
23.
Put Option
Not Applicable
24.
Final Redemption Amount of
U.S.$1,000 per Calculation Amount
each Note
25.
Early Redemption Amount

(i)
Early Redemption
U.S.$1,000 per Calculation Amount
Amount(s) per Calculation
Amount payable on
redemption for taxation
reasons, due to
Regulatory Capital Event
or due to Loss Absorption

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Disqualification Event or
on event of default:

(ii)
Redeemable on days
No
other than Interest
Payment Dates (Condition
5(c)):

(iii)
Unmatured Coupons to
Not Applicable
become void upon early
redemption (Bearer Notes
only) (Condition 6(f)):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
26.
Form of Notes:
Bearer Notes

Temporary Global Note exchangeable for a
permanent Global Note which is exchangeable
for Definitive Notes in the limited
circumstances specified in the permanent
Global Note
27.
New Global Note:
No
28.
Business Day Jurisdiction(s)
New York and London
(Condition 6(h)) or other special
provisions relating to Payment
Dates:
29.
Talons for future Coupons to be No
attached to Definitive Notes
(and dates on which such
Talons mature):

THIRD PARTY INFORMATION
The ratings definitions provided in Part B, Item 2 of these Final Terms has been extracted from
the websites of S&P and Moody's. The Issuer confirms that such information has been accurately
reproduced and that, so far as it is aware, and is able to ascertain from information published by
S&P and Moody's, no facts have been omitted which would render the reproduced information
inaccurate or misleading.
Signed on behalf of the Issuer:

By: ___________________________ ________________

Duly authorised

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PART B OTHER INFORMATION
1.
LISTING:

(i)
Listing:
Of icial List of the FCA and trading on the
London Stock Exchange

(ii)
Admission to trading:
Application has been made by the Issuer (or
on its behalf) for the Notes to be admitted to
trading on London Stock Exchange' main
market with ef ect from29th March 2023.

(iii)
Estimated total expenses of
£ 500.00
admission to trading:
2.
RATINGS

Ratings:

The Notes to be issued are expected to be
assigned the following ratings:

S&P: A+
Moody's: A1
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save for any fees payable to the Dealers, so far as the Issuer is aware, no person
involved in the offer of the Notes has an interest material to the of er.

The Dealers and their af iliates have engaged, and may in the future engage, in
investment banking and/or commercial banking transactions with, and may perform
other services for, the Issuer and its af iliates in the ordinary course of business.
4.
YIELD Not Applicable

5.
HISTORIC INTEREST RATES

Details of historic SOFR rates can be obtained from the NY Federal Reserve's Website.
6.
REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS

Estimated net proceeds:
U.S.$ 25,000,000
7.
OPERATIONAL INFORMATION

(i)
ISIN:
XS2606089089

(ii)
Common Code:
260608908

(iii)
FISN:
The FISN for the Notes will be as set out on
the website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National
Numbering Agency that assigned the ISIN.

(iv)
CFI Code:

CFI Code: The CFI Code for the Notes will be
as set out on the website of the Association

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of National Numbering Agencies (ANNA) or
alternatively sourced from the responsible
National Numbering Agency that assigned
the ISIN.

(v)
Any clearing system(s) other
Not Applicable
than Euroclear Bank SA/NV,
Clearstream Banking, SA, the
CMU Service, DTC and the
relevant identification
number(s):

(vi)
Delivery:

Delivery against payment

(vii)
Names and addresses of
The Bank of New York Mel on, London
initial Paying Agent(s):
Branch One Canada Square, London E14
5AL, United Kingdom

(viii)
Names and addresses of
Not Applicable
additional Paying Agent(s) (if
any):

(ix)
Legal Entity Identifier:
RILFO74KP1CM8P6PCT96

(x)
Intended to be held in a

manner which would allow
Eurosystem eligibility:

No. Whilst the designation is specified as
"no" at the date of these Final Terms, should
the Eurosystem eligibility criteria be amended
in the future such that the Notes are capable
of meeting them the Notes may then be
deposited with one of the ICSDs as common
safekeeper. .Note that this does not
necessarily mean that the Notes will then be
recognised as eligible col ateral for
Eurosystem monetary policy and intra day
credit operations by the Eurosystem at any
time during their life. Such recognition will
depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.

(xi)
Relevant Benchmark[s]
Amounts payable under the Notes will be
calculated by reference to SOFR which is
provided by the NY Federal Reserve. As at
the date of these Final Terms, the NY Federal
Reserve does not appear on the register of
administrators and benchmarks established
and maintained by the FCA pursuant to
Article 36 of Regulation (EU) 2016/1011 as it
forms part of the domestic law of the UK by
virtue of the EUWA (the "UK Benchmarks
Regulation").

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8.
DISTRIBUTION

(i)
Method of distribution:
Non-syndicated

(ii)
If syndicated:

(a)
Names of Managers: Not Applicable

(b)
Stabilisation
Not Applicable
Manager(s) (if any):

(iii)
If non-syndicated, name of
Standard Chartered Bank
Dealer:

(iv)
U.S. Selling Restrictions:
Reg. S Compliance Category 2 ;TEFRA D