FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

investors. Persons into whose possession this Offering Circular (or any part hereof) comes are required to
inform themselves about and to observe any such restrictions. In accordance with the provisions of Article
L.214-44 of the French Monetary and Financial Code, the Units and the Notes issued by the Issuer may not
be offered or sold by way of solicitation (démarchage) in France.
All references in this document to ‘‘euro’’ or ‘‘x’’ are to the lawful currency of the Member States of the
European Union that adopt the single currency in accordance with the Treaty establishing the European
Community, as amended by the Treaty on European Union.
The contents of this Offering Circular should not be construed as providing legal, business, accounting or
tax advice. Each prospective investor should consult its own legal, business, accounting and tax advisers
prior to making a decision to invest in the Notes.
In connection with the issue and distribution of the Notes, each of Société Générale and HSBC Bank plc
as a stabilising manager (the ‘‘Stabilising Managers’’) (or any person acting for a Stabilising Manager) may
over allot (provided that the aggregate principal amount of Notes allotted does not exceed 105 per cent. of
the aggregate principal amount of the Notes) or effect transactions with a view to supporting the market
price of the Notes at a higher level than that which might otherwise prevail. However, there is no assurance
that a Stabilising Manager (or persons acting on behalf of a Stabilising Manager) will undertake
stabilisation action. Any stabilisation action may begin on or after the date on which adequate public
disclosure of the final terms of the offer of the Notes is made and, if begun, may be ended at any time, but
it must end no later than the earlier of 30 days after the issue date of the Notes and 60 days after the date
of the allotment of the Notes. Société Générale will act as co-ordinating Stabilising Manager in respect of the
issue and distribution of the Notes.
Capitalised terms used in this Offering Circular unless otherwise indicated, have the meanings set out in this
Offering Circular. A schedule of defined terms used appears at the back of this Offering Circular. Where
there is a conflict between the definition of a term in the Conditions and the definition of the same term
elsewhere in this Offering Circular, the definitions in the Conditions shall prevail.