HSBC Bank Canada Announces Redemption of Non-Cumulative 5-Year Rate Reset Class 1 Preferred Shares Series E

 HSBC Bank Canada Announces Redemption of Non-Cumulative 5-Year Rate Reset  Class 1 Preferred Shares Series E  VANCOUVER, May 16, 2014 /CNW/ - HSBC Bank Canada (HSB.PR.E-TMX) today  announced its intention to redeem all of its issued and outstanding  Non-Cumulative 5-Year Rate Reset Class 1 Preferred Shares Series E (the  "Series E shares"), on 30 June 2014, for cash at a redemption price of $25.00  per share.  There are 10,000,000 Series E shares outstanding, representing $250 million of  capital. The redemption of the Series E shares will be financed out of the  general corporate funds of HSBC Bank Canada.  Separately from the redemption price, the final quarterly dividend of $0.4125  for each of the Series E shares will be paid in the usual manner on 30 June  2014 to shareholders of record on 13 June 2014.  HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading  international bank in Canada. The HSBC Group serves customers worldwide from  over 6,300 offices in over 75 countries and territories in Europe, Asia, North  and Latin America, and the Middle East and North Africa. With assets of  US$2,758bn at 31 March 2014, HSBC is one of the world's largest banking and  financial services organizations.    SOURCE  HSBC Bank Canada  Media enquiries to: Sharon Wilks 416-868-3878  Aurora Bonin 604-641-1905  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/May2014/16/c8844.html  CO: HSBC Bank Canada ST: British Columbia NI: FIN  
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