Westpac Banking : Self-Funding Instalments - Supplementary PDS

Westpac Self-Funding Instalments

Supplementary Product Disclosure Statement

Date: 31 January 2017

Issued by Westpac Banking Corporation ABN 33 007 457 141 Australian Financial Services Licence number 233714.

1. Introduction

   This Supplementary Product Disclosure Statement dated 31 January 2017 (the SPDS) supplements the Westpac Self-Funding Instalments (Westpac SFIs) Product Disclosure Statement dated 1 July 2013

   (the Original PDS) as previously supplemented by the SPDS dated 29 April 2016. This SPDS should be read with the Original PDS, which together form the Product Disclosure Statement (the PDS). The information contained in this SPDS combines, replaces and supersedes all previous SPDSs. This SPDS is also available on Westpac's website at www.westpac.com.au/structuredinvestments.

   Terms defined in the Original PDS have the same meaning in this SPDS, unless the context requires otherwise.

   This SPDS:

2. provides details of the individual Series of Westpac SFIs;

3. identifies in bold and marked (*) in the Summary Table below details of the new Series of Westpac SFIs (New Westpac SFIs);

4. updates wording in the Original PDS in relation to Underlying Securities and Listed Entities;

5. provides additional fee disclosure in respect of certain Series of Westpac SFIs over Underlying Securities that are, or include, units in a managed investment scheme (refer to section 5.11(c) of the Original PDS for further information);

6. updates wording in the Original PDS in relation to tax considerations;

7. removes references to the requirement for ASX consent (where previously applicable) in relation to the exercise of Westpac's discretion to amend or adjust the Terms of the Westpac SFIs or a Series of Westpac SFIs, to reflect changes to the ASX Operating Rules;

8. amends wording in the Original PDS in relation to amendments to the Terms of Issue;

9. updates wording in the Original PDS to reflect that Net Nominees Limited, the Security Trustee, is no longer an Authorised Representative of Westpac; and

10. updates wording in the Original PDS relating to privacy and the collection, use and disclosure of personal information.

11. 1

12. Summary Table

13. Set out below is the consolidated Summary Table of the Series of Westpac SFIs on offer. This Summary Table combines, replaces and supersedes all previous summary tables in respect of the Series referred to in the table below. The details for the New Westpac SFIs are highlighted in bold and marked (*).

    Underlying Securities ASX Code	Relevant Listed Entity	ASX Code	Loan Amount (Completion Payment)	Minimum number of Securities for Securityholder Applications	Date of PDS or SPDS under which SFIs were Issued	Completion Date	Issue Size
    AGL	AGL Energy Limited	AGLSWR	$7.8548	250	23/04/2015	30/06/2020	10 million
    AMC	Amcor Limited	AMCSWR	$7.8317	275	23/04/2015	30/06/2020	10 million
    AMP	AMP Limited	AMPSWR	$3.5876	600	23/04/2015	30/06/2020	10 million
    ANN	Ansell Limited	ANNSWR	$15.6973	150	23/04/2015	30/06/2020	10 million
    ANN	Ansell Limited	ANNSWT	$10.4618	230	27/11/2015	30/06/2020	10 million
    ANZ	Australia and New Zealand Banking Group Limited	ANZSWJ	$4.3178	230	6/06/2012	30/06/2017	10 million
    ANZ	Australia and New Zealand Banking Group Limited	ANZSWK	$10.6267	140	13/09/2013	30/06/2017	10 million
    ANZ	Australia and New Zealand Banking Group Limited	ANZSWR	$18.5758	120	23/04/2015	30/06/2020	10 million
    ANZ	Australia and New Zealand Banking Group Limited	ANZSWT	$12.9768	160	27/11/2015	30/06/2020	10 million
    ANZ	Australia and New Zealand Banking Group Limited	ANZSWU	$14.5700	150	29/02/2016	6/03/2017	5 million
    ANZ	Australia and New Zealand Banking Group Limited	ANZSWV	$19.5000	110	29/04/2016	30/06/2017	5 Million
    ANZ	Australia and New Zealand Banking Group Limited	ANZSWW	$10.8894	200	29/04/2016	30/06/2020	10 Million
    ANZ	Australia and New Zealand Banking Group Limited	ANZSWY*	$20.8500	100	31/01/2017	28/06/2018	5 Million
    ASX	ASX Limited	ASXSWL	$14.6592	110	10/02/2014	30/06/2017	10 million
    ASX	ASX Limited	ASXSWR	$22.7622	100	23/04/2015	30/06/2020	10 million
    AZJ	Aurizon Holdings Limited	AZJSWR	$2.5533	850	23/04/2015	30/06/2020	10 million
    BEN	Bendigo and Adelaide Bank Limited	BENSWR	$6.3339	350	23/04/2015	30/06/2020	10 million
    BEN	Bendigo and Adelaide Bank Limited	BENSWV	$7.6443	270	29/04/2016	30/06/2017	5 million
    BEN	Bendigo and Adelaide Bank Limited	BENSWW	$4.1166	580	29/04/2016	30/06/2020	10 million
    BHP	BHP Billiton Limited	BHPSWJ	$12.3788	130	6/06/2012	30/06/2017	10 million
    BHP	BHP Billiton Limited	BHPSWR	$15.2791	150	23/04/2015	30/06/2020	10 million
    BHP	BHP Billiton Limited	BHPSWV	$17.3490	170	29/04/2016	30/06/2017	5 million
    BHP	BHP Billiton Limited	BHPSWW	$8.2688	300	29/04/2016	30/06/2020	10 Million

    2

    Underlying Securities ASX Code	Relevant Listed Entity	ASX Code	Loan Amount (Completion Payment)	Minimum number of Securities for Securityholder Applications	Date of PDS or SPDS under which SFIs were Issued	Completion Date	Issue Size
    BHP	BHP Billiton Limited	BHPSWY*	$19.5000	140	31/01/2017	28/06/2018	5 Million
    BLD	Boral Limited	BLDSWR	$2.6000	660	23/04/2015	30/06/2020	10 million
    BOQ	Bank of Queensland Limited	BOQSWR	$6.9100	290	23/04/2015	30/06/2020	10 million
    BOQ	Bank of Queensland Limited	BOQSWV	$10.3284	220	29/04/2016	30/06/2017	5 million
    BOQ	Bank of Queensland Limited	BOQSWY*	$8.5000	260	31/01/2017	28/06/2018	5 million
    BSL	BlueScope Steel Limited	BSLSWR	$2.2559	900	23/04/2015	30/06/2020	10 million
    BXB	Brambles Limited	BXBSWL	$4.2145	450	10/02/2014	30/06/2017	10 million
    BXB	Brambles Limited	BXBSWR	$6.4721	360	23/04/2015	30/06/2020	10 million
    BXB	Brambles Limited	BXBSWT	$5.1831	460	27/11/2015	30/06/2020	10 million
    CBA	Commonwealth Bank of Australia	CBASWJ	$11.0207	90	6/06/2012	30/06/2017	10 million
    CBA	Commonwealth Bank of Australia	CBASWK	$28.9240	50	13/09/2013	30/06/2017	10 million
    CBA	Commonwealth Bank of Australia	CBASWR	$50.2340	50	23/04/2015	30/06/2020	10 million
    CBA	Commonwealth Bank of Australia	CBASWT	$36.4178	60	27/11/2015	30/06/2020	10 million
    CBA	Commonwealth Bank of Australia	CBASWU	$48.3900	45	29/02/2016	6/03/2017	5 million
    CBA	Commonwealth Bank of Australia	CBASWV	$64.7542	35	29/04/2016	30/06/2017	5 million
    CBA	Commonwealth Bank of Australia	CBASWY*	$58.0000	45	31/01/2017	28/06/2018	5 million
    CCL	Coca-Cola Amatil Limited	CCLSWR	$5.8027	380	23/04/2015	30/06/2020	10 million
    COH	Cochlear Limited	COHSWR	$51.8912	50	23/04/2015	30/06/2020	10 million
    CPU	Computershare Limited	CPUSWR	$7.3390	300	23/04/2015	30/06/2020	10 million
    CSL	CSL Limited	CSLSWK	$35.3272	60	13/09/2013	30/06/2017	10 million
    CSL	CSL Limited	CSLSWR	$54.3872	50	23/04/2015	30/06/2020	10 million
    CSL	CSL Limited	CSLSWV	$92.3888	25	29/04/2016	30/06/2017	5 million
    CWN	Crown Resorts Limited	CWNSWL	$8.5615	230	10/02/2014	30/06/2017	10 million
    CWN	Crown Resorts Limited	CWNSWR	$6.8833	280	23/04/2015	30/06/2020	10 million
    CWN	Crown Resorts Limited	CWNSWT	$5.6271	400	27/11/2015	30/06/2020	10 million
    DUE	Duet Group	DUESWR	$1.1424	1600	23/04/2015	30/06/2020	10 million
    FLT	Flight Centre Travel Group Limited	FLTSWW	$21.3108	120	29/04/2016	30/06/2020	10 million
    FMG	Fortescue Metals Group Ltd	FMGSWR	$0.9202	2050	23/04/2015	30/06/2020	10 million
    GMG	Goodman Group	GMGSWR	$3.2916	660	23/04/2015	30/06/2020	10 million
    GPT	GPT Group	GPTSWR	$2.3062	870	23/04/2015	30/06/2020	10 million

    3