Westpac Instalments with an annual reset feature

Call for more information
on 1800 990 107

Westpac Instalments with an annual reset feature are available as both Standard (IWG, IWI, IWK, IWM Series) and High Yield (IWH, IWJ, IWL, IWN, IWP Series), allowing you to borrow 50 per cent or more of the market value of a wide range of securities. Your loan is reset annually so that you can maintain your initial level of borrowing as a percentage of the underlying security price and your desired level of risk. In addition, there are Series available with both June and December reset dates.

IWG, IWI, IWH, IWJ, IWP - December reset date, completion payment date 2 December 2011

IWK, IWM, IWL, IWN - June reset date, completion payment date 8 June 2012

How to acquire
You can purchase Westpac Instalments with an annual reset feature in the primary market by applying directly to Westpac using one of three application forms contained in the Product Disclosure Statement (PDS), each corresponding to a different investment option:

Making a cash payment
"Converting" fully paid securities
"Rolling" other Westpac Instalments Series into Westpac Instalments with an annual reset feature

You can also purchase Westpac Instalments on the Australian Securities Exchange (ASX) at any time before the completion payment date through any ASX accredited Derivatives full-service, discount adviser, stockbroker or your financial adviser using the relevant ASX Instalment Code. To trade Westpac Instalments on the ASX, you will need to complete a Warrant Client Agreement Form available from your stockbroker.

You should obtain and consider the PDS when deciding whether to acquire or hold Westpac Instalments with an annual reset feature (which you can download below). You should also read the ASX booklet "Understanding Trading and Investment Warrants" which is available from the ASX or from Westpac.

Westpac Instalments PDS (PDF 866kb).

To receive printed copies of the PDS, please call 1800 990 107.

Other important information:

ASX Understanding Trading and Investment Warrants booklet (PDF 909kb) (from the ASX website).

Westpac Instalments Trust Deed (PDF 1.32MB)

Westpac Instalments Terms (PDF 372kb)

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General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.

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Taxation Note
The tax implications of investing in these products will vary depending on the Investor's particular circumstances. Westpac does not provide any tax advice (expressly or implied) in relation to the tax implications of investing in these products nor promote that these products will provide beneficial tax outcomes for all investors. Accordingly, Investors should seek professional tax advice in order to determine the tax implications for them when investing in these products. For more information on the broad tax implications of these products, Investors should read the Taxation note in the above Product Disclosure Statement for the Westpac Instalments.