Obligation WestPac Corp 2.22% ( NZWNZD0724L3 ) en NZD

WestPac Corp

100 % ▲

Nouvelle-zelande

NZWNZD0724L3 ( en NZD )

2.22% par an ( paiement semestriel )

29/07/2024 - Obligation échue

Prospectus brochure de l'obligation Westpac Banking Corp NZWNZD0724L3 en NZD 2.22%, échue

1 000 NZD

900 000 000 NZD

Q9744ZAS5

Westpac Banking Corp est une grande banque australienne offrant une gamme de services financiers aux particuliers, aux entreprises et aux institutions, incluant les services bancaires, les prêts, les investissements et la gestion de patrimoine.

L'obligation de type à taux fixe émise par Westpac Banking Corporation, identifiée par le code ISIN NZWNZD0724L3 et le code CUSIP Q9744ZAS5, a récemment achevé son cycle de vie. Westpac Banking Corporation est l'une des principales institutions financières d'Australie et de Nouvelle-Zélande, reconnue pour sa stabilité et sa vaste gamme de services bancaires et financiers. Cette émission, d'une taille totale de 900 000 000 NZD et libellée en devise néo-zélandaise (NZD), avait son pays d'émission en Nouvelle-Zélande. Elle offrait un taux d'intérêt annuel de 2,22%, versé avec une fréquence de paiement semestrielle (2 paiements par an), et la taille minimale à l'achat pour les investisseurs était de 1 000 NZD. La valeur de remboursement à maturité s'est alignée sur son prix nominal de 100%, garantissant le retour intégral du capital aux investisseurs. Atteignant sa date de maturité le 29 juillet 2024, cette obligation a été intégralement et fidèlement remboursée, confirmant ainsi le respect de ses engagements contractuels par l'émetteur.

Final Terms Sheet dated 24 July 2019
Fixed Rate Medium Term Notes due 29 July 2024
This Terms Sheet should be read together with the Product Disclosure Statement dated 17 December 2018 (PDS) and Note Deed Poll
dated 21 November 2016 (as amended and supplemented from time to time) (Deed Poll) referred to below before making any
investment decision. When issued in final form, this Terms Sheet constitutes the "Final Terms" of the Notes.
Unless the context otherwise requires, capitalised terms in this Terms Sheet have the meaning given in the PDS and the Deed Poll.
Issuer
Westpac New Zealand Limited (Westpac NZ)
Lead Manager
Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand
branch)
Instrument
NZ$ Fixed Rate Medium Term Notes (Notes)
Status
Senior, unsecured and unsubordinated obligations of Westpac NZ
Issuer's Rating
AA- (stable) by S&P Global Ratings Australia Pty Limited (S&P)
A1 (stable) by Moody's Investors Service Pty Limited (Moody's)
AA- (negative) by Fitch Ratings Limited in respect of long term senior unsecured and
unsubordinated debt obligations
Rating of Notes
An application will be made to S&P and Moody's to obtain an issue-specific credit rating for
the Notes
Ratings Generally
The ratings described above are current at the date of this Terms Sheet and may be subject
to revision, suspension, or withdrawal at any time by the assigning rating organisation
A credit rating is not a recommendation to purchase, sell or hold an investment. Such
ratings are subject to revision, qualification, suspension or withdrawal at any time by the
assigning rating agency
Registrar and Paying Agent and
Link Market Services Limited
Settlement
Payments will be settled through NZClear
Issue Size
NZ$900,000,000
Documentation
The Notes are of ered under Westpac NZ's Medium Term Note Programme as described in
the PDS. A copy of PDS and other useful information about this offer may be obtained from
companiesoffice.govt.nz/disclose
The Notes are to be issued pursuant to the Deed Poll. When issued in final form, this Terms
Sheet constitutes the "Final Terms" of the Notes
Term to Maturity
5 years
Opening Date
Monday, 22 July 2019
Closing Date
12:00pm, Wednesday, 24 July 2019 (or earlier at the sole discretion of Westpac NZ)
Rate Set Date
Wednesday, 24 July 2019

Classification:

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Issue Date
Monday, 29 July 2019
Maturity Date
Monday, 29 July 2024
Interest Rate
2.22% per annum
Reference Rate
The semi-annual mid-market swap rate for an interest rate swap from the Issue Date to the
Maturity Date as calculated by the Lead Manager on the Rate Set Date in accordance with
market convention with reference to Bloomberg page ICNZ4 (or its successor page) and
expressed on a semi-annual basis, rounded to 3 decimal places, if necessary with 0.0005
being rounded up
Margin
0.85% per annum
Payment of Interest
Interest will be paid to the registered holder of the Notes as at the Record Date in respect of
each Interest Payment Date
Interest Payment Dates
Interest is paid semi-annually in arrear in two equal payments on 29 January and 29 July in
each year, commencing on 29 January 2020, until (and including) the Maturity Date
Issue Price
Par ($1.00) per Note
Currency
New Zealand Dollars
Business Days
Auckland, Wellington
Day Count Fraction
RBNZ Bond Basis (as defined in the Deed Poll)
Business Day Convention
Following Unadjusted (as defined in the Deed Poll)
Minimum Application and
Minimum holding and application amount of NZ$5,000 with integral multiples of NZ$1,000
Minimum Holding
thereafter
Record Date
10 calendar days before the interest Payment Date or, if not a Business Day, the
immediately preceding Business Day
ISIN
NZWNZD0724L3
NZClear Code
WP0724
Listing
Unlisted
Repo-Eligibility
Westpac NZ intends to apply to the RBNZ for the Notes to be accepted as eligible securities
for RBNZ Domestic Operations
Governing Law
New Zealand
Offer Jurisdiction and Selling
The Notes will be offered for subscription to institutional and retail investors, in New Zealand
Restrictions
only. The Notes are not being offered to the public in any other jurisdiction

The Notes may only be offered for sale or sold in conformity with all applicable laws and
regulations in any jurisdiction in which the Notes are offered, sold or delivered. No product

disclosure statement, information memorandum, advertisement or other offering material in

respect of the Notes may be published, delivered or distributed in or from any country or
jurisdiction except under circumstances which will result in compliance with all applicable

laws

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Other Disclosure
The Notes are not guaranteed by Westpac Banking Corporation ABN 33 007 457 141 (WBC)
or by any other person. The Notes do not represent a protected account, deposit or liability
of WBC or any other company in the WBC group other than Westpac NZ

IMPORTANT INFORMATION
Westpac New Zealand Limited (company number 1763882) (Westpac NZ) has prepared this document.
In New Zealand, Westpac Institutional Bank refers to the brand under which products and services are provided by either W estpac NZ or Westpac Banking Corporation ABN 33 007
457 141 (WBC). Any product or service made available by Westpac NZ does not represent an offer from WBC or any of its subsidiaries (other than Westpac NZ). Neither WBC nor its
other subsidiaries guarantee or otherwise support the performance of Westpac NZ in respect of any such product. Westpac NZ is not an authorised deposit- taking institution for the
purposes of Australian prudential standards.
This Terms Sheet accompanies, and forms part of the offer made pursuant to, the Product Disclosure Statement and sets out the additional terms and conditions applicable to the
Notes referred to in this Terms Sheet.
This Terms Sheet must not be issued, circulated or distributed unless accompanied by the Product Disclosure Statement.
This Terms Sheet must not be published, delivered, distributed or received except in compliance with all applicable laws and regulations.

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