EX-25.2 14 d884345dex252.htm EX-25.2 EX-25.2

Exhibit 25.2

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939

OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

¨ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

 

 

DEUTSCHE BANK TRUST COMPANY AMERICAS

(formerly BANKERS TRUST COMPANY)

(Exact name of trustee as specified in its charter)

 

 

 

NEW YORK   13-4941247

(Jurisdiction of Incorporation or

organization if not a U.S. national bank)

 

(I.R.S. Employer

Identification no.)

 

60 WALL STREET

NEW YORK, NEW YORK

  10005
(Address of principal executive offices)   (Zip Code)

Deutsche Bank Trust Company Americas

Attention: Catherine Wang

Legal Department

60 Wall Street, 36th Floor

New York, New York 10005

(212) 250 – 7544

(Name, address and telephone number of agent for service)

 

 

HSBC USA Inc.

(Exact name of obligor as specified in its charter)

 

 

 

Maryland   13-2764867

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

Stuart A. Alderoty

Senior Executive Vice President and General Counsel

HSBC North America Holdings Inc

452 Fifth Avenue

New York, New York 10018

(212) 525-5000

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

 

Senior Debt Securities

(Title of the Indenture securities)

 

 

 


Item 1. General Information.

Furnish the following information as to the trustee.

 

  (a) Name and address of each examining or supervising authority to which it is subject.

 

Name

  

Address

Federal Reserve Bank (2nd District)    New York, NY
Federal Deposit Insurance Corporation    Washington, D.C.
New York State Banking Department    Albany, NY

 

  (b) Whether it is authorized to exercise corporate trust powers.

Yes.

Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the Trustee, describe each such affiliation.

NA

 

Item 3. -15. Not Applicable

 

Item 16. List of Exhibits.

 

Exhibit 1 -    Restated Organization Certificate of Bankers Trust Company dated August 6, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated September 16, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated December 16, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated September 3, 1999, and Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated February 27, 2002, incorporated herein by reference to Exhibit 1 filed with Form T-1 Statement, Registration No. 333-201810.
Exhibit 2 -    Certificate of Authority to commence business, incorporated herein by reference to Exhibit 2 filed with Form T-1 Statement, Registration No. 333-201810.
Exhibit 3 -    Authorization of the Trustee to exercise corporate trust powers, incorporated herein by reference to Exhibit 3 filed with Form T-1 Statement, Registration No. 333-201810.
Exhibit 4 -    Existing By-Laws of Deutsche Bank Trust Company Americas, as amended on July 24, 2014, incorporated herein by reference to Exhibit 4 filed with Form T-1 Statement, Registration No. 333-201810.


Exhibit 5 - Not applicable.
Exhibit 6 - Consent of Bankers Trust Company required by Section 321(b) of the Act, incorporated herein by reference to Exhibit 6 filed with Form T-1 Statement, Registration No. 333-201810.
Exhibit 7 - A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.
Exhibit 8 - Not Applicable.
Exhibit 9 - Not Applicable.


SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Deutsche Bank Trust Company Americas, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on this 2nd day of March, 2015.

 

DEUTSCHE BANK TRUST COMPANY AMERICAS

/s/ Carol Ng

By: Name: Carol Ng
Title: Vice President


DEUTSCHE BANK TRUST COMPANY AMERICAS

FFIEC 031
Legal Title of Bank Page 16 of 79

NEW YORK

RC-1
City
NY 10005
State Zip Code
FDIC Certificate Number: 00623

Consolidated Report of Condition for Insured Banks and Savings Associations for December 31, 2014

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC—Balance Sheet

     Dollar Amounts in Thousands      RCFD      Tril | Bil | Mil | Thou       

Assets

              

1. Cash and balances due from depository institutions (from Schedule RC-A):

              

a. Noninterest-bearing balances and currency and coin (1)

           0081         104,000       1.a

b. Interest-bearing balances (2)

           0071         23,816,000       1.b

2. Securities:

              

a. Held-to-maturity securities (from Schedule RC-B, column A)

           1754         0       2.a

b. Available-for-sale securities (from Schedule RC-B, column D)

           1773         0       2.b

3. Federal funds sold and securities purchased under agreements to resell:

           RCON         

a. Federal funds sold in domestic offices

           B987         26,000       3.a
           RCFD         

b. Securities purchased under agreements to resell (3)

           B989         12,910,000       3.b

4. Loans and lease financing receivables (from Schedule RC-C):

              

a. Loans and leases held for sale

           5369         0       4.a

b. Loans and leases, net of unearned income

     B528         15,683,000             4.b

c. LESS: Allowance for loan and lease losses

     3123         26,000             4.c

d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)

           B529         15,657,000       4.d

5. Trading assets (from Schedule RC-D)

           3545         75,000       5

6. Premises and fixed assets (including capitalized leases)

           2145         18,000       6

7. Other real estate owned (from Schedule RC-M)

           2150         0       7

8. Investments in unconsolidated subsidiaries and associated companies

           2130         0       8

9. Direct and indirect investments in real estate ventures

           3656         0       9

10. Intangible assets:

              

a. Goodwill

           3163         0       10.a

b. Other intangible assets (from Schedule RC-M)

           0426         42,000       10.b

11. Other assets (from Schedule RC-F)

           2160         899,000       11
           

 

 

    

12. Total assets (sum of items 1 through 11)

  2170      53,547,000    12
           

 

 

    

 

(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
(3) Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.


 

DEUTSCHE BANK TRUST COMPANY AMERICAS

     FFIEC 031
  Legal Title of Bank      Page 16a of 79
  FDIC Certificate Number: 00623      RC-1a

Schedule RC—Continued

 

 

     Dollar Amounts in Thousands      RCON      Tril | Bil | Mil | Thou       

Liabilities

              

13. Deposits:

              

a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I)

           2200         41,081,000       13.a

(1) Noninterest-bearing (4)

     6631         21,532,000             13.a.1

(2) Interest-bearing

     6636         19,549,000             13.a.2

b. In foreign offices, Edge and Agreement subsidiaries, and IBFs

           RCFN         

(from Schedule RC-E, part II)

           2200         1,000       13.b

(1) Noninterest-bearing

     6631         1,000             13.b.1

(2) Interest-bearing

     6636         0             13.b.2

14. Federal funds purchased and securities sold under agreements to repurchase:

           RCON         

a. Federal funds purchased in domestic offices (5)

           B993         2,109,000       14.a
           RCFD         

b. Securities sold under agreements to repurchase (6)

           B995         0       14.b

15. Trading liabilities (from Schedule RC-D)

           3548         27,000       15

16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)

           3190         59,000       16

17. and 18. Not applicable

              

 

(4) Includes noninterest-bearing demand, time, and savings deposits.
(5) Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”
(6) Includes all securities repurchase agreements in domestic and foreign offices, regardless of maturity.


 

DEUTSCHE BANK TRUST COMPANY AMERICAS

     FFIEC 031
  Legal Title of Bank      Page 17 of 79
  FDIC Certificate Number: 00623      RC-2

Schedule RC—Continued

 

 

     Dollar Amounts in Thousands    RCFD      Tril | Bil | Mil | Thou       

Liabilities—Continued

           

19. Subordinated notes and debentures (1)

        3200         0       19

20. Other liabilities (from Schedule RC-G)

        2930         1,396,000       20
        

 

 

    

21. Total liabilities (sum of items 13 through 20)

  2948      44,673,000    21
        

 

 

    

22. Not applicable

Equity Capital

Bank Equity Capital

23. Perpetual preferred stock and related surplus

  3838      0    23

24. Common stock

  3230      2,127,000    24

25. Surplus (excludes all surplus related to preferred stock)

  3839      596,000    25

26. a. Retained earnings

  3632      6,077,000    26.a

b. Accumulated other comprehensive income (2)

  B530      -38,000    26.b

c. Other equity capital components (3)

  A130      0    26.c
        

 

 

    

27. a. Total bank equity capital (sum of items 23 through 26.c)

  3210      8,762,000    27.a
        

 

 

    

b. Noncontrolling (minority) interests in consolidated subsidiaries

  3000      112,000    27.b
        

 

 

    

28. Total equity capital (sum of items 27.a and 27.b)

  G105      8,874,000    28
        

 

 

    

29. Total liabilities and equity capital (sum of items 21 and 28)

  3300      53,547,000    29
        

 

 

    

Memoranda

To be reported with the March Report of Condition.

 

1. Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2013

   RCFD      Number     
     6724       N/A    M.1

 

1   =   Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank
2   =   Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)
3   =  

Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm.

4   =   Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)
5   =   Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)
6   =   Review of the bank’s financial statements by external auditors
7   =   Compilation of the bank’s financial statements by external auditors
8   =   Other audit procedures (excluding tax preparation work)
9   =   No external audit work
 

 

To be reported with the March Report of Condition.

 

   RCON      MM / DD     

2. Bank’s fiscal year-end date

     8678       N/A    M.2

 

(1) Includes limited-life preferred stock and related surplus.
(2) Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and accumulated defined benefit pension and other post retirement plan adjustments.
(3) Includes treasury stock and unearned Employee Stock Ownership Plan shares.