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Westpac Subordinated Notes Offer

Terms and Conditions

Westpac Banking Corporation (ABN 33 007 457 141, AFSL 233714) ("Westpac") has announced an offer (“Offer”) by Westpac of Westpac Subordinated Notes (“Westpac Subordinated Notes”). A copy of the initial information memorandum was lodged with the Australian Securities Exchange (“ASX”) on 16 July 2012 (“Initial Information Memorandum”). Westpac lodged a replacement information memorandum (which replaces the Initial Information Memorandum) with ASX on 23 July 2012 after the Margin for the Westpac Subordinated Notes was set ("Information Memorandum").

Unless otherwise defined, capitalised terms used on this site have the same meaning as those in the Information Memorandum.

The Offer of Westpac Subordinated Notes will be made under the Information Memorandum. The Information Memorandum is available on this website. Persons eligible to apply must complete an Application Form  attached to, or accompanying the Information Memorandum. Eligible Securityholders can also apply online via the online Application site.

Before accessing and viewing this website or downloading, printing or viewing the Information Memorandum, you need to read these Terms and Conditions carefully and indicate your acceptance by clicking on the 'I agree' button below.

Westpac Subordinated Notes are being offered to Eligible Securityholders, retail clients of Syndicate Brokers (subject to certain foreign selling restrictions), and to certain Institutional Investors. The Information Memorandum does not constitute, and should not be construed as, an Offer, invitation or recommendation by Westpac to any other person to apply for Westpac Subordinated Notes. The distribution of the Information Memorandum (including an electronic copy) in jurisdictions outside Australia may be restricted by law. If you are outside Australia and come into possession of a copy of the Information Memorandum, you should seek advice on and observe those restrictions. Failure to comply with these restrictions may violate securities laws. Applicants who are resident in countries other than Australia should consult their professional advisers as to whether any governmental or other consents are required or whether any other formalities need to be considered and followed.

Westpac Subordinated Notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (“US Securities Act”) and may not be offered, sold, delivered or transferred within the United States, or to, or for the account or benefit of, US Persons (as defined in Regulation S under the US Securities Act). Neither the Information Memorandum nor any Application Form or other materials relating to the Offer may be distributed in the United States.

Nothing contained on this website or in the Information Memorandum constitutes financial product advice, investment advice or a recommendation to invest in the Westpac Subordinated Notes. This website and the information in the Information Memorandum have been prepared without taking into account your investment objectives, financial situation or particular needs. You should read the Information Memorandum in its entirety before deciding whether to invest in Westpac Subordinated Notes. If you have any questions about the Offer, you should consult your financial adviser or other professional adviser.

To the extent permitted by law, Westpac is not liable for any loss you may incur by accessing this website or accessing or downloading the Information Memorandum from this website, including, but not limited to, data corruption on download.

Westpac Subordinated Notes are direct and unsecured subordinated obligations of Westpac and rank equally without any preference among themselves. There are risks associated with an investment in Westpac Subordinated Notes, including loss of some or all of your investment. If there are insufficient assets to satisfy securities and obligations ranking ahead of, or equally with, Westpac Subordinated Notes, you may not be repaid any or all of the Face Value and may not receive any or all of the interest payments due and unpaid at that time. Neither Westpac nor any member of the Westpac Group guarantees the performance of the Westpac Subordinated Notes.

Westpac Subordinated Notes are not:

  • deposits with, or deposit liabilities of, Westpac;
  • protected accounts for the purposes of the depositor protection provisions of the Banking Act 1959 (Cth) or of the Financial Claims Scheme established under the Banking Act 1959 (Cth); nor
  • guaranteed or insured by the Australian Government or under any compensation scheme of the Australian Government, or by any other government, under any other compensation scheme or by any government agency or any other party.

This information is a summary only and you must refer to the Information Memorandum for further information.

By proceeding, you confirm that (i) you have read and understood these Terms and Conditions (ii) you are 18 years of age or over (iii) you are not a US Person and are not acting for the account or benefit of a US Person (iv) in the case of Eligible Securityholders you are a resident of Australia accessing this website from within Australia, and in any other case you are not prohibited by the laws of any place outside Australia from accessing the Information Memorandum, making an Application or being issued Westpac Subordinated Notes.  

By accessing and viewing this website you agree to be bound by the Terms and Conditions of this website.

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