The Offers will expire at 5:00 p.m., New York City time, on January 16, 2018, unless extended or earlier terminated (such time and date, as the same may be extended, the "Expiration Time"). Holders of Notes must validly tender and not validly withdraw their Notes before the Expiration Time to receive the Total Consideration (as defined below). Notes validly tendered may be withdrawn at any time prior to the Expiration Time, but not thereafter.Unless the Offers are extended, reopened or earlier terminated, payment of the Total Consideration to Holders of Notes that are accepted for purchase will be made on the Notes Settlement Date, other than the Notes tendered using the guaranteed delivery procedures and delivered after the Expiration Time for which payment will be made on the Guaranteed Delivery Settlement Date (each of the Notes Settlement Date and the Guaranteed Delivery Settlement Date, a "Settlement Date"). Both the Notes Settlement Date and the Guaranteed Delivery Settlement Date are expected to be January 19, 2018. Holders who validly tender and do not validly withdraw their Notes and whose Notes are accepted for purchase in the Offers will also be paid on the applicable Settlement Date accrued and unpaid interest from the last interest payment date on such series of Notes up to, but excluding, the Notes Settlement Date. The "Total Consideration" per each $1,000 principal amount of the Fixed Spread Notes validly tendered and accepted for payment pursuant to the applicable Offer will be determined in the manner described in the Offer to Purchase by reference to the fixed spread specified below for such series of the Fixed Spread Notes (the "Fixed Spread") over the yield (the "Reference Yield") based on the bid side price of the US Treasury Security specified below for such series of the Fixed Spread Notes (the "Reference Benchmark Security"), as calculated by HSBC Securities (USA) Inc. at 10:00 a.m., New York City time, on January 16, 2018 (subject to certain exceptions set forth in the Offer to Purchase, such time and date, as the same may be extended, the "Price Determination Time"). The "Total Consideration" per each $1,000 or £1,000, as applicable, principal amount of the Fixed Price Notes validly tendered and accepted for payment pursuant to the applicable Offer will be the amount set forth under the heading "Fixed Price Notes" below.
The following table summarizes the material pricing terms for the Offers:
|Fixed Spread Notes||Fixed Price Notes|
|Title of Security||CUSIP/ISIN||Outstanding Principal Amount||Issuer||Reference Benchmark Security||Fixed Spread (basis points)||Bloomberg Reference Page||Hypothetical Total Consideration(1)(2)||Fixed Price(1)|
|6.25% Notesdue 2019||ISIN:XS0100863298Common Code:10086329||£125,000,000||HSBCFinanceCorporation||--||--||--||--||£1,090.37|
|6.676%SeniorSubordinatedNotes dueJanuary 15,2021||Registered Notes:CUSIP: 40429CGD8ISIN: US40429CGD83 Rule 144A Notes:CUSIP: 40429CGB2ISIN: US40429CGB28 Regulation S Notes:CUSIP: U4428DCD4ISIN: USU4428DCD40||US$1,103,669,000||HSBCFinanceCorporation||1.875% USTreasury dueDecember 15, 2020||20||PX1||$1,127.21||--|
|7.190% Notesdue August18, 2023||CUSIP: 08172LU63 ISIN: US08172LU632||US$5,000,000||BeneficialCompanyLLC||--||--||--||--||$1,241.71|
|7.160% NotesdueSeptember 1,2023||CUSIP: 08172LV54 ISIN: US08172LV549||US$5,000,000||BeneficialCompanyLLC||--||--||--||--||$1,241.61|
|7.625% Notesdue May 17,2032||CUSIP: 441812JZ8 ISIN: US441812JZ87||US$96,875,000||HSBCFinanceCorporation||2.25% USTreasury dueNovember 15, 2027||195||PX1||$1,338.96||--|
|7.35% NotesdueNovember 27,2032||CUSIP: 441812KB9 ISIN: US441812KB90||US$27,262,000||HSBCFinanceCorporation||2.25% USTreasury dueNovember 15, 2027||155||PX1||$1,371.32||--|
(2) The Hypothetical Total Consideration is based on the Fixed Spread added to the Reference Yield as of 10:00 a.m., New York City time, on January 5, 2018. The information provided in the above table is for illustrative purposes only. HSBC Finance does not make any representation with respect to the actual consideration that may be paid, and such amounts may be greater or less than those shown in the above table depending on the Reference Yield as of the Price Determination Time. The actual Total Consideration will be based on the Fixed Spread added to the Reference Yield as of the Price Determination Time. The hypothetical Total Consideration excludes accrued and unpaid interest.The obligation of HSBC Finance to accept for payment and to pay the Total Consideration for, and accrued and unpaid interest on, Notes validly tendered and not validly withdrawn pursuant to the applicable Offers are subject to, and conditioned upon, the satisfaction or waiver of the conditions described under the heading "Conditions to the Offers" in the Offer to Purchase. Global Bondholder Services Corporation is acting as the depositary and as the information agent for the Offers. HSBC Securities (USA) Inc. is acting as Dealer Manager for the Offers. Persons with questions about the Offers should contact HSBC Securities (USA) Inc. at +1 (888) HSBC-4LM (toll free) or +1 (212) 525-5552 (collect). Requests for documents should be directed to Global Bondholder Services Corporation at +1 (212) 430-3774 (banks and brokers) or +1 (866) 470-4200 (all others toll free) or by email at firstname.lastname@example.org . The Offer Documents will be available online at http://www.gbsc-usa.com/HSBC/ until the Expiration Date or earlier termination of the Offers. This press release is for information purposes only and is not an offer to purchase or a solicitation of acceptance of an offer to purchase any of the Notes. The Offers are being made pursuant to the Offer Documents, which HSBC Finance is distributing to Holders of Notes. The Offers are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, "blue sky" or other laws of such jurisdiction.
Notes to editorsHSBC Finance is a subsidiary of HSBC North America Holdings Inc. Forward-looking statements: Certain statements in this press release are "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results and other financial conditions may differ materially from those included in these statements due to a variety of factors including those contained in HSBC Finance's filings with the U.S. Securities and Exchange Commission, including without limitation the "Risk Factors" section of HSBC Finance's 2016 Annual Report on Form 10-K. Precautionary statements included in such filings should be read in conjunction with this press release.