Microsoft Word - 2014-1 Tap 1 - Pricing Supp - 2016.01.21 draft

Series No.: 2014-1

Tranche No.: 2



Westpac Banking Corporation

(ABN 33 007 457 141)


Debt Issuance Programme


Issue of

A$200,000,000 Floating Rate Instruments due February 2019 (to be consolidated to form a single series with A$1,900,000,000 Floating Rate Instruments due February 2019) ("Debt Instruments")


The date of this Supplement is 25 January 2016.


This Supplement (as referred to in the Information Memorandum in relation to the above Programme dated 5 March 2014 ("2014 Information Memorandum")) relates to the Tranche of Debt Instruments referred to above. It is supplementary to, and should be read in conjunction with the Senior Note Deed Poll dated 15 January 2007 made by Westpac Banking Corporation ("Deed Poll") and the 2014 Information Memorandum, except that the terms and conditions applicable to the Debt Instruments are as set for the in the Information Memorandum dated 8 November 2011 ("2011 Information Memorandum") (as amended and supplemented) and the Conditions of the Senior Notes in the 2014 Information Memorandum are to be disregarded.


This Supplement does not constitute, and may not be used for the purposes of, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation, and no action is being taken to permit an offering of the Debt Instruments or the distribution of this Supplement in any jurisdiction where such action is required.


Terms used but not otherwise defined in this Supplement have the meaning given in the applicable Conditions set forth in the 2011 Information Memorandum.


The particulars to be specified in relation to the Tranche of Debt Instruments referred to above are as follows:


  1. Issuer : Westpac Banking Corporation (ABN 33 007 457 141)


  2. Lead Manager : Westpac Banking Corporation (ABN 33 007 457 141)


  3. Relevant Dealer : Westpac Banking Corporation (ABN 33 007 457 141)


  4. Registrar and Australian Paying Agent

    : BTA Institutional Services Australia Limited (ABN 48 002 916 396) of Level 2, 35 Clarence Street, Sydney

    NSW 2000


  5. Calculation Agent : BTA Institutional Services Australia Limited (ABN 48 002 916 396)
  6. Issuing and Paying Agent (Offshore) : Not applicable


  7. If to form a single Series with an existing Series, specify date on which all Debt Instruments of the Series become fungible, if not the Issue Date

    : Issue Date


  8. Status of the Debt Instruments (Condition 4)

    : Unsubordinated. Condition 4A applies.


  9. Currency : Australian dollars ("A$")


  10. Aggregate Principal Amount of Tranche

    : A$200,000,000


  11. If interchangeable with existing Series, Series No.

    : Series 2014-1


  12. Issue Date : 28 January 2016


  13. Issue Price : 100.753 per cent. per Denomination including accrued interest


  14. Commissions Payable : As set out in the Subscription Acknowledgement

    dated 25 January 2016 between the Issuer and the Lead Manager and Dealer.


  15. Selling Concession : Not applicable


  16. Purchase Price : A$100,753 fully paid per Denomination


  17. Denomination (Condition 2.5) : A$100,000


    The minimum aggregate consideration for offers or transfers of the Debt Instruments in Australia must be at least A$500,000 (disregarding moneys lent by the transferor or its associates to the transferee), unless the offer or invitation resulting in the transfer does not otherwise require disclosure to investors in accordance with Part 6D.2 or Chapter 7 of the Corporations Act 2001 of Australia.


  18. Partly Paid Instruments (Condition 2.4)

    : Not applicable


    If yes, specify number, amounts and : dates for, and method of, payment of instalments of subscription moneys and any further additional provisions (including Forfeiture Dates in respect of late payment of Partly Paid Debt Instruments)


  19. Type of Debt Instrument : Floating Rate Debt Instrument


  20. If interest-bearing, specify which of Conditions 5.2 (fixed rate), 5.3 (floating rate) or (index-linked

    : Condition 5.3 applies

    interest) or 5.4 (other rates) is applicable, and then specify the matters required for the relevant Condition, namely


  21. Condition 5.2 for Fixed Rate Debt Instruments

    : Applicable: No


  22. Condition 5.3 for Floating Rate Debt Instruments

    : Applicable: Yes


    Interest Commencement Date, if not Issue Date (Condition 5.3(a))

    : 25 November 2015


    Interest Rate : Condition 5.3(b)(i) (ISDA Determination) applies


    Interest Payment Dates (Condition 5.5(a))

    : 25 February, 25 May, 25 August and 25 November of each year commencing on 25 February 2016, up to and including the Maturity Date, subject to adjustment in accordance with the Applicable Business Day Convention specified below.


    Applicable Business Day : Convention

    • for Interest Payment Dates:

    • for Interest Period End Dates:

    • for Maturity Date:

    • any other date:


    Modified Following Business Day Convention Modified Following Business Day Convention Modified Following Business Day Convention Not applicable



    Additional Business Centre(s) : Sydney


    Floating Rate Option : AUD-BBR-BBSW (to four decimal places)


    Designated Maturity : 3 month


    Reset Date : The Interest Commencement Date and each Interest Payment Date


    Margin : Plus 0.94 per cent. per annum


    Minimum/Maximum Interest Rate (Condition 5.3(b)(iv))

    : Not applicable


    Day Count Fraction : Actual/365 (Fixed)


    Fallback Interest Rate (Condition 5.3(b)(v))

    : Not applicable


  23. Condition 5.3 for Interest-Linked Interest Debt Instrument provisions

    : Not applicable


  24. Condition 5.4 for other rates : Not applicable


  25. Accrual of interest : Not applicable


  26. Default Rate : Not applicable
  27. Overdue Rate : Not applicable


  28. Zero Coupon Debt Instrument : Not applicable


  29. Reference Price : Not applicable


  30. Maturity Date (Condition 6.1) : 25 February 2019, subject to adjustment in

    accordance with the Applicable Business Day Convention specified above.


  31. Maturity Redemption Amount (Condition 6.1)

    : 100 per cent. of the Outstanding Principal Amount of the Debt Instruments.


  32. Early Redemption Amount (Call)


    Specify if Condition 6.4 is applicable : Not applicable


  33. Early Redemption Amount (Tax)


    Specify if Condition 6.3 is applicable : Condition 6.3 applies


    Specify any relevant conditions to exercise of option

    : Not applicable


    If Early Redemption Amount (Tax) is not the Outstanding Principal Amount together with accrued interest (if any) thereon of the Debt Instruments, insert amount or full calculation provisions

    : 100 per cent. of the Outstanding Principal Amount of the Debt Instruments.


    Specify if Holders are not to receive accrued interest on early redemption for tax reasons

    : Not applicable


  34. Early Redemption Amount (Put)


    Specify if Condition 6.5 is applicable : Not applicable


  35. Early Redemption Amount (Loss of Deductibility)


    Specify if Condition 6.6 is applicable : Not applicable


  36. Early Redemption Amount (Regulatory Reasons)


    Specify if Condition 6.7 is applicable : Not applicable


  37. Early Redemption Amount (Default) (Condition 7B.3)

    : Not applicable


  38. Redemption of Zero Coupon Debt Instruments

    : Not applicable


  39. Deed Poll : Note Deed Poll dated 15 January 2007


  40. Taxation : Condition 8.8 applies

Westpac Banking Corporation issued this content on 03 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 February 2016 05:37:31 UTC

Original Document: http://ir.iguana2.com/westpac/news-item?S=WBC&E=ASX&N=904480