Obligation HBOSS PLC 6.5% ( XS0355554717 ) en EUR

Société émettrice HBOSS PLC
Prix sur le marché 100 %  ⇌ 
Pays  Royaume-Uni
Code ISIN  XS0355554717 ( en EUR )
Coupon 6.5% par an ( paiement annuel )
Echéance 08/04/2023 - Obligation échue



Prospectus brochure de l'obligation HBOS PLC XS0355554717 en EUR 6.5%, échue


Montant Minimal 1 000 EUR
Montant de l'émission 175 000 000 EUR
Description détaillée HBOS PLC était un grand groupe bancaire et de services financiers britannique, formé en 2001 par la fusion de Halifax et Bank of Scotland, avant d'être acquis par Lloyds Banking Group en 2009.

L'obligation XS0355554717 émise par HBOS PLC au Royaume-Uni, d'une valeur nominale de 175 000 000 EUR, avec un taux d'intérêt de 6,5%, une taille minimale d'achat de 1 000 EUR et une maturité le 08/04/2023, a été intégralement remboursée à son échéance au prix de 100%.










Final Terms dated 24 April 2008
HBOS PLC
Issue of EUR175,000,000 HICP Inflation Index Linked Instruments due 2023

under the US$120,000,000,000 Programme for the Issuance of Debt Instruments of HBOS plc
and Bank of Scotland plc (acting through its Treasury Division, London office and Australia
branch)
PART A ­ CONTRACTUAL TERMS
This document constitutes the Final Terms relating to the issue of the Instruments described herein and
shall amend and replace the Final Terms dated 7 April 2008 representing the Instruments described
herein in its entirety with effect from 7 April 2008.
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the
"Conditions") set forth in the Prospectus dated 1 May 2007 and the Supplemental Prospectuses dated
1 August 2007, 17 September 2007 and 28 February 2008 issued by the Issuer, which together
constitute a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the
"Prospectus Directive") (the "Prospectus"). This document constitutes the Final Terms of the
Instruments described herein for the purposes of Article 5.4 of the Prospectus Directive and must be
read in conjunction with such Prospectus as so supplemented. Full information on the Issuer and the
offer of the Instruments is only available on the basis of the combination of these Final Terms and the
Prospectus. The Prospectus and the Supplemental Prospectuses are available for viewing at the offices
of Shepherd and Wedderburn LLP, Level 2, Saltire Court, 20 Castle Terrace, Edinburgh EH1 2ET,
and at the specified office of the Principal Paying Agent.
1 Issuer:
HBOS
plc
2
(i)
Series Number:
HBOS 0036
(ii)
Tranche
Number: 1
3 Specified Currency or
Euro ("EUR")
Currencies:
4
Aggregate Principal Amount:
EUR 175,000,000
5
Issue Price:
100 per cent. of the Aggregate Principal Amount
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Specified Denominations:
EUR50,000 and higher integral multiples of EUR
1,000 up to and including EUR 99,000. No
Definitive Instruments will be issued with a
denomination above EUR 99,000. For the
avoidance of doubt the wording in parenthesies
in Condition 1.07 shall not apply to this Series.
For the purposes of calculating interest in
accordance with Condition 5C (other rates) only,
the smallest denomination shall be EUR 1,000.
In relation to any issue of Instruments which
have a denomination consisting of the minimum
Specified Denomination plus a higher integral
multiple of another smaller amount, it is possible
that the Instruments may be traded in amounts in
excess of EUR 50,000 that are not integral
multiples of EUR 50,000. In such a case an
Instrumentholder who, as a result of trading such
amounts, holds a principal amount of less than
the minimum Specified Denomination may not
receive a definitive Instrument in respect of such
holding (should definitive Instruments be
printed) and would need to purchase a principal
amount of Instruments such that its holding
amounts to a Specified Denomination.
7
Issue Date:
8 April 2008
8
Maturity Date:
The final Interest Payment Date falling in April
2023
9 Interest
Basis:
Interest-bearing
Condition 5C (other rates) is applicable
Index Linked Interest
(further particulars specified below)
10
Redemption/Payment Basis:
Redemption at par
11
Change of Interest or
Not Applicable
Redemption/Payment Basis:
12
Put/Call Options:
Not Applicable
13
(i)
Status of the Instruments: Subordinated
Conditions 3B.01 and 3B.02 (Subordinated
Instruments (other than Undated Instruments)).
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(iii)
Date Board approval for Not Applicable
issuance of Instruments
obtained:
14 Method
of
distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15
Fixed Rate Instrument
Not Applicable
Provisions

16
Floating Rate Instrument
Not Applicable
Provisions
17
Non Interest Bearing Instrument Not Applicable
Provisions

18
Index Linked Interest
Applicable
Instruments
(i) Index/Formula/other See paragraph 18(iii) under Part A below and
variable:
paragraph 1 of the Appendix
(ii) Determination
Agent Principal Paying Agent
responsible for
calculating the interest
due:
(iii) Provisions
for
The Interest Amount per Instrument payable on
determining Coupon
each Interest Payment Date is equal to:
where calculated by
reference to Index and/or The applicable Rate of Interest x Specified
Formula and/or other
Denomination x Day Count Fraction
variable:
Where:
"Rate of Interest" applicable to an Interest
Payment Date means a percentage determined by
the Determination Agent as equal to:
6.5% + Max{ CPTFEMU YoY ­ 2.5%, 0% }
See the Appendix for the definition of
"CPTFEMU YoY"
(iv) Interest
Determination
The fifth Business Day prior to the applicable
Date(s):
Interest Payment Date.
For the purpose of this paragraph 18(iv) of Part
A, "Business Day" means a day on which the
TARGET System is operating and on which
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commercial banks are open for business and
foreign exchange markets settle payments in
London.
(v) Provisions
for
See paragraph 3 of the Appendix
determining Coupon
where calculation by
reference to Index and/or
Formula and/or other
variable is impossible or
impracticable or
otherwise disrupted:

(vi)
Interest or Calculation
The period beginning on (and including) the Issue
Period(s):
Date and ending on (but excluding) the first
Interest Payment Date and each subsequent period
beginning on (and including) an Interest Payment
Date and ending on (but excluding) the next
Interest Payment Date
For the avoidance of doubt each Interest Period
shall be unadjusted for the purpose of calculating
the Interest Amount payable in respect of the
principal amount of each Specified Denomination

(vii)
Interest Payment Dates: Annually on 8 April, commencing on 8 April
2009 and ending on the Maturity Date
(viii)
Business
Day
Following Business Day Convention
Convention:
(ix) Relevant
Financial TARGET Settlement Day and London
Centre(s):
(x) Minimum
Rate/amount
6.5% per annum
of Interest:
(xi) Maximum
Rate/amount
Not Applicable
of Interest:

(xii)
Day Count Fraction:
Actual/Actual (ISDA)

(xiii)
Other terms relating to See the Appendix
the calculation of
interest in respect of
Index Linked Interest
Instruments:

(xiv)
Minimum
Not Applicable
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Indexation Factor:
(xv)
Maximum

Not Applicable
Indexation Factor:
(xvi)
Limited

Not Applicable
Indexation Month(s):

(xvii)
Base Index Figure:
Not Applicable

(xviii)
Reference Gilt:
Not Applicable
19
Dual Currency Instruments
Not Applicable
Provisions
20
Other Rates
See paragraph 18 under Part A above and the
(Instruments to which Condition Appendix
5C.05 applies)
PROVISIONS RELATING TO REDEMPTION
21
Call Option (Instruments to Not Applicable
which Condition 6.06 applies)

22
Put Option (Instruments to Not Applicable
which Condition 6.09 applies)

23
Final Redemption Amount of 100% of the Specified Denomination per
each Instrument
Instrument
24
Early Redemption Amount


Early Redemption Amount(s) of Such amount(s) determined by the Calculation
each Instrument payable on Agent which shall represent the fair market
redemption for taxation reasons or value of each Instrument on the date of
on default or other early redemption, including accrued interest (if any),
redemption and/or the method of adjusted to account fully for any losses,
calculating the same (if required expenses and costs to the Issuer (or any of its
or if different from that set out in affiliates) of unwinding any underlying or
the Conditions):
related hedging and funding arrangements, all as
determined by the Calculation Agent in its sole
and absolute discretion.

GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
25
Form of Instruments:
Bearer Instruments. Condition 1.02(i) applies



Temporary Global Instrument exchangeable for
a Permanent Global Instrument which is
exchangeable for Definitive Instruments only in
the limited circumstances upon the occurrence
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of an Exchange Event, as specified in the
Permanent Global Instrument.
26
Relevant Financial Centre(s) or TARGET Settlement Day and London
other special provisions relating to
Payment Dates:
27
Talons for future Coupons or No
Receipts to be attached to
Definitive Instruments (and dates
on which such Talons mature):
28
Details relating to Partly Paid Not Applicable
Instruments: amount of each
payment comprising the Issue
Price and date on which each
payment is to be made and
consequences (if any) of failure to
pay, including any right of the
Issuer to forfeit the Instruments
and interest due on late payment:
29
Details relating to Instalment Not Applicable
Instruments: amount of each
instalment, date on which each
payment is to be made:
30 Redenomination,
renominalisation
Not Applicable
and reconventioning provisions:
31
New Global Instrument:
No
32
Other final terms:
See the Appendix
DISTRIBUTION
33
If syndicated, names of Managers: Not Applicable
34
If non-syndicated, name of
Goldman Sachs International
Dealer:
Peterborough Court
133 Fleet Street
London EC4A 2BB
United Kingdom

35
Additional selling restrictions:
Not Applicable

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LISTING AND ADMISSION TO TRADING APPLICATION
These Final Terms comprise the final terms required to list and have admitted to trading the issue of
Instruments described herein pursuant to the US$120,000,000,000 Programme for the Issuance of
Debt Instruments of HBOS plc and Bank of Scotland plc (acting through its Treasury Division,
London office and Australia branch).
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms. The Issuer
confirms that, to the best of its knowledge, having taken all reasonable care to ensure that such is the
case, such information is in accordance with the facts and does not omit anything likely to affect its
import.
Signed on behalf of the Issuer:


By: .........................................
Duly authorised

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PART B ­ OTHER INFORMATION
1
LISTING

(i)

Listing:
London

(ii) Admission to trading:
Application will be made for the Instruments to
be admitted to trading on the Regulated Market
of the London Stock Exchange with effect on or
before 8 May 2008.

(iii) Estimate of total expenses GBP 4,100
relating to admission to
trading:
2
RATINGS


Ratings:
The Instruments to be issued are expected to
have the following ratings:
S & P: A+
Moody's: Aa3
Fitch: AA
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE/OFFER
Save for any fees payable to Goldman Sachs International, so far as the Issuer is aware, no
person involved in the offer of the Instruments has an interest material to the offer.
4
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL
EXPENSES

Reasons for the offer:
See the section headed "Use of Proceeds" in the
Base Prospectus
5
INDEX LINKED INTEREST INSTRUMENT OR OTHER VARIABLE-
LINKED INSTRUMENTS ONLY ­ PERFORMANCE OF
INDEX/FORMULA/OTHER VARIABLE, AND OTHER INFORMATION
CONCERNING THE UNDERLYING
See the Appendix
6
OPERATIONAL INFORMATION
ISIN
Code:
XS0355554717
Common
Code:
035555471

Any clearing system(s) (and the Not Applicable
address of such clearing
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system(s)) other than Euroclear
Bank SA/NV and Clearstream
Banking, société anonyme and the
relevant identification number(s):

Delivery:
Delivery against payment

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

Intended to be held in a manner No
which would allow Eurosystem
eligibility:
7
POST ISSUANCE INFORMATION

The Issuer does not intend to provide post issuance information.

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APPENDIX
1
Formula
"Calculation Agent" means Goldman Sachs International, of Peterborough Court, 133 Fleet
Street, London EC4A 2BB, United Kingdom
(Email: [email protected]).

"CPTFEMU YoY" means, in respect of an Interest Payment Date, a number determined by
the Calculation Agent as equal to:
CPTFEMU Ratio applicable to such Interest Payment Date - 1.

"CPTFEMU" or "Index" means the Harmonized index of consumer prices (HICP)
excluding Tobacco for Eurozone, published every month by the Index Sponsor on the
Bloomberg Page "CPTFEMU <INDEX>" (or such other page as may replace that page, or
such other information service as may be selected by the Calculation Agent, acting in its sole
and absolute discretion for the purpose of displaying the Index).
"CPTFEMU Ratio" means a number determined by the Calculation Agent as equal to:
(CPTFEMU January [ t ] / CPTFEMU January [ t - 1 ] ),
Where:
·
t is the year associated with the relevant Interest Payment Date; and
·
CPTEFMU January [t] means the level of the Index published by the
Index Sponsor for January of year t and as determined by the Calculation
Agent without regard to any subsequently published correction, subject to
adjustment in accordance with paragraph 3 of the Appendix to these Final
Terms below; and
·
CPTEFMU January [t - 1] means the level of the Index published by the
Index Sponsor for January of the year immediately preceding year t and as
determined by the Calculation Agent without regard to any subsequently
published correction, subject to adjustment in accordance with paragraph 3
of the Appendix to these Final Terms below.
For the avoidance of doubt, in respect of each scheduled Interest Payment Date, the
CPTFEMU YoY in respect of such Interest Payment Date is as follows:
Scheduled Interest
Payment Date
falling in
CPTFEMU Ratio
April 2009
CPTFEMU January 2009 / CPTFEMU January 2008
April 2010
CPTFEMU January 2010 / CPTFEMU January 2009
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Document Outline