Westpac Vanilla Instalment Equity Warrants
Supplementary Product Disclosure Statement
31 January 2017
to the Product Disclosure Statement dated 14 April 2014Issued by Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714
Introduction
This Supplementary Product Disclosure Statement dated 31 January 2017 (the SPDS) supplements the Westpac Vanilla Instalment Equity Warrants (Westpac VIEWs) Product Disclosure Statement dated 14 April 2014 (the Original PDS) as previously supplemented by the SPDS dated 4 August 2016.
This SPDS should be read with the Original PDS. Together they form the Product Disclosure Statement (the PDS) for Westpac VIEWs. The information contained in this SPDS combines, replaces and supersedes the previous SPDS. 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:
provides details of the individual Series of Westpac VIEWs;
identifies in bold and marked (*) in the Summary Table below details of the new Series of Westpac VIEWs (New Westpac VIEWs);
updates wording in the Original PDS in relation to Underlying Securities and Listed Entities;
updates wording in the Original PDS in relation to tax considerations;
updates wording in the Original PDS to reflect that Net Nominees Limited, the Security Trustee, is no longer an Authorised Representative of Westpac;
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 VIEWs or a Series of Westpac VIEWs, to reflect changes to the ASX Operating Rules; and
amends wording in the Original PDS in relation to amendments to the Terms of Issue.
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Summary Table
Set out below is the consolidated Summary Table of the Series of Westpac VIEWs 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 VIEWs are highlighted in bold and marked (*).
3Underlying Securities ASX Code
Relevant Listed Entity
ASX Code
Loan Amount (Completion Payment)
Minimum number of Securities for Security holder Applications
Date of PDS or SPDS under which VIEWs were Issued
Completion Date
Issue Size
ANZ
Australia and New Zealand Banking Group Limited
ANZIWG
$19.5000
125
27/11/2015
30/03/2017
10 million
ANZ
Australia and New Zealand Banking Group Limited
ANZIWJ*
$20.8500
125
31/01/2017
29/03/2018
10 million
BHP
BHP Billiton Limited
BHPIWG
$14.0000
170
27/11/2015
30/03/2017
10 million
BHP
BHP Billiton Limited
BHPIWJ*
$19.5000
140
31/01/2017
29/03/2018
10 million
CBA
Commonwealth Bank of Australia
CBAIWH
$52.0000
50
4/08/2016
29/09/2017
10 million
CBA
Commonwealth Bank of Australia
CBAIWI
$37.4000
70
4/08/2016
29/09/2017
10 million
IHD
iShares S&P/ ASX Dividend Opportunities ETF
IHDIWG
$9.7000
250
27/11/2015
30/03/2017
10 million
IOZ
iShares Core S&P/ASX 200 ETF1
IOZIWG
$15.4000
160
27/11/2015
30/03/2017
10 million
IOZ
iShares Core S&P/ASX 200 ETF1
IOZIWJ*
$16.5000
160
31/01/2017
29/03/2018
10 million
NAB
National Australia Bank Limited
NABIWG
$20.0250
110
27/11/2015
30/03/2017
10 million
NAB
National Australia Bank Limited
NABIWJ*
$21.4000
110
31/01/2017
29/03/2018
10 million
RIO
Rio Tinto Limited
RIOIWG
$34.0000
70
27/11/2015
30/03/2017
10 million
RIO
Rio Tinto Limited
RIOIWJ*
$46.6000
50
31/01/2017
29/03/2018
10 million
SUN
Suncorp Group Limited
SUNIWG
$9.2000
280
27/11/2015
30/03/2017
10 million
SYD
Sydney Airport
SYDIWH
$5.0000
500
4/08/2016
29/09/2017
10 million
SYD
Sydney Airport
SYDIWI
$3.5500
700
4/08/2016
29/09/2017
10 million
TCL
Transurban Group
TCLIWH
$8.4000
300
4/08/2016
29/09/2017
10 million
TCL
Transurban Group
TCLIWI
$6.0000
400
4/08/2016
29/09/2017
10 million
TLS
Telstra Corporation Limited
TLSIWH
$4.0000
650
4/08/2016
29/09/2017
10 million
TLS
Telstra Corporation Limited
TLSIWI
$2.8500
900
4/08/2016
29/09/2017
10 million
Underlying Securities ASX Code
Relevant Listed Entity
ASX Code
Loan Amount (Completion Payment)
Minimum number of Securities for Security holder Applications
Date of PDS or SPDS under which VIEWs were Issued
Completion Date
Issue Size
WES
Wesfarmers Limited
WESIWG
$27.5000
90
27/11/2015
30/03/2017
10 million
WES
Wesfarmers Limited
WESIWJ*
$28.9000
80
31/01/2017
29/03/2018
10 million
WPL
Woodside Petroleum Limited
WPLIWG
$21.0000
120
27/11/2015
30/03/2017
10 million
1. iShares Core S&P/ASX 200 ETF was previously named iShares S&P/ASX 200 ETF.
Note:The minimum application amounts apply as follows:
Cash Applicants - the total First Payment must be $2,000 or greater;
Securityholder Applicants - as specified in the Summary Table;
Rollover Applicants - the minimum value of the warrants being rolled over must be $2,000. Westpac may waive these minimum amounts in exceptional circumstances.
There is no minimum issue size. The issue size per Series is currently 10 million.
Key Dates
The Completion Date for each Westpac VIEW ending in the letter 'G' is set out in the table below.
Completion Date 30 March 2017The Completion Date for each Westpac VIEW ending in the letter 'H' is set out in the table below.
Completion Date 29 September 2017The Completion Date for each Westpac VIEW ending in the letter 'I' is set out in the table below.
Completion Date 29 September 2017The Completion Date for each Westpac VIEW ending in the letter 'J' is set out in the table below.
Completion Date 29 March 2018How to Apply
You can apply for the Westpac VIEWs offered under this SPDS by completing the relevant Application Form accompanying the PDS.
Trading on the ASX
The New Westpac VIEWs will commence trading on the ASX on a normal settlement basis on 31 January 2017.
Underlying Securities and Listed Entities
In the Investment Overview Table on page 2 of the Original PDS, the first sentence in the section What are the Underlying Securities? section is deleted and replaced with:
"The Underlying Securities are shares in ASX-listed companies, units in ASX-listed unit trusts and ASX-quoted exchange traded funds."
In Section 9 of the Original PDS, the definition of Listed Entity on page 56 is deleted and replaced with:
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Westpac Banking Corporation published this content on 31 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 February 2017 05:52:04 UTC.
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