P NC 5: Redemption: 2022-01-20; Registration: Reg S Only; Comments: US$1bn perp NC5.5 Reg S fixed for life. Exp A S&P. BNPP/Citi(B&D)/HSBC/StCh/UBS. Via Cloverie plc. Coupon IPTs 5%/5.25%, guidance 4.75%/4.875% (wpir) for 1bn deal, tbp 4.75%. Books 13bn+.;