Obligation National Australia Bank (NAB) 1.375% ( XS1725805722 ) en GBP

National Australia Bank (NAB)

100 % ▲

Australie

XS1725805722 ( en GBP )

1.375% par an ( paiement annuel )

27/06/2022 - Obligation échue

Prospectus brochure de l'obligation National Australia Bank (NAB) XS1725805722 en GBP 1.375%, échue

100 000 GBP

250 000 000 GBP

L'Obligation émise par National Australia Bank (NAB) ( Australie ) , en GBP, avec le code ISIN XS1725805722, paye un coupon de 1.375% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 27/06/2022

FINAL TERMS
MiFID II product governance/Professional investors and eligible counterparties only target market
Solely for the purposes of the manufacturer's product approval process, the target market assessment in
respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible
counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, MiFID
II); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are
appropriate. Any person subsequently offering, selling or recommending the Notes (a distributor) should
take into consideration the manufacturer's target market assessment; however, a distributor subject to MiFID
II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting
or refining the manufacturer's/ target market assessment) and determining appropriate distribution channels.

28 August 2018
National Australia Bank Limited (ABN 12 004 044 937)
Issue of £50,000,000 1.375 per cent. Notes due 27 June 2022
under the U.S.$100,000,000,000
(to be consolidated and form a single Series with the existing Series 1,068, Tranche 1 £ 250,000,000
1.375 per cent. Notes due 27 June 2022 issued on 27 November 2017 (the Existing Notes))

Global Medium Term Note Programme
PART A--CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the
Offering Circular dated 17 November 2017 and the supplements to it dated 9 February 2018, 8 May 2018
and 17 August 2018 which together constitute a base prospectus for the purposes of the Prospectus Directive
(the Offering Circular). This document constitutes the Final Terms of the Notes described herein for the
purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Offering
Circular. Full information on the Issuer and the offer of the Notes is only available on the basis of the
combination of these Final Terms and the Offering Circular. Pursuant to Article 14(2) of the Prospectus
Directive, the Offering Circular is available, free of charge, at the registered office of the Issuer and on the
website of the Luxembourg Stock Exchange (www.bourse.lu) and copies may be obtained, free of charge,
from the registered office of the Principal Paying Agent at Winchester House, 1 Great Winchester Street,
London EC2N 2DB.
1.
(a)
Series Number:
1,068
(b)
Tranche Number:
2
(c)
Date on which the Notes will be The Notes will be consolidated and form a single Series
consolidated and form a single with the Existing Notes on exchange of the Temporary
Series:
Bearer Global Note for interests in the Permanent Bearer
Global Note, as referred to in Paragraph 22 below, which
is expected to occur on or about 9 October 2018
2.
Specified Currency or Currencies:
Pounds Sterling (£)

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3.
Aggregate Nominal Amount:

(a)
Series:
£300,000,000
(b)
Tranche:
£50,000,000, comprising £25,000,000 in Aggregate
Nominal Amount of Tranche A Notes (the "Tranche A
Notes") and £25,000,000 in Aggregate Nominal Amount
of Tranche B Notes (the "Tranche B Notes")
4.
Issue Price:
The Issue Price in respect of the Tranche A Notes is
99.822 per cent. of the Aggregate Nominal Amount of
the Tranche A Notes plus 64 days accrued interest of
£60,273.97 in respect of the period from (and including)
the Interest Commencement Date to (but excluding) the
Issue Date.
The Issue Price in respect of the Tranche B Notes is
99.804 per cent. of the Aggregate Nominal Amount of
the Tranche B Notes plus 64 days accrued interest of
£60,273.97 in respect of the period from (and including)
the Interest Commencement Date to (but excluding) the
Issue Date.
5.
(a)
Specified Denominations:
£100,000 and integral multiples of £1,000 in excess
thereof up to and including £199,000. No Notes in
definitive form will be issued with a denomination above
£199,000
(b)
Calculation Amount (in relation £1,000
to calculation of interest for
Notes in global form see
Conditions):
6.
(a)
Issue Date:
30 August 2018
(b)
Interest Commencement Date:
27 June 2018
7.
Maturity Date:
27 June 2022
8.
Interest Basis:
1.375 per cent. per annum Fixed Rate
9.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount
10.
Change of Interest Basis:
Not Applicable
11.
U.S. Dollar Equivalent:
Not Applicable
12.
Put/Call Options:
Not Applicable
13.
(a)
Status of the Notes:
Senior
(b)
Date of Board approval for Not Applicable

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issuance of Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions:
Applicable
(a)
Rate(s) of Interest:
1.375 per cent. per annum payable in arrear on each
Interest Payment Date
(b)
Interest Payment Date(s):
27 June in each year, commencing on 27 June 2019, up to
(and including) the Maturity Date

(c)
Fixed Coupon Amount(s) for £13.75 per Calculation Amount
Notes in definitive form (and in
relation to Notes in global form,
see Conditions):
(d)
Broken Amount(s): (Applicable Not Applicable
to Notes in definitive form)
(e)
Day Count Fraction:
Actual/Actual (ICMA)
(f)
Business Day Convention:
Following Business Day Convention
(i)
Adjusted:
Not Applicable
(ii)
Non-Adjusted:
Applicable
(g)
Additional Business Centre(s):
New York and Sydney
(h)
Determination Date(s):
27 June in each year
15.
Floating Rate Note Provisions:
Not Applicable
16.
Zero Coupon Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
17.
Notice periods for Condition 7.2:
Minimum period: 30 days

Maximum period: 60 days
18.
Issuer Call:
Not Applicable
19.
Investor Put:
Not Applicable
20.
Final Redemption Amount:
£1,000 per Calculation Amount
21.
Early Redemption Amount payable on £1,000 per Calculation Amount
redemption for taxation reasons or on
event of default:

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GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
(a)
Form of Notes:
Bearer Notes:

Temporary Bearer Global Note exchangeable for a
Permanent Bearer Global Note which is exchangeable for
Definitive Bearer Notes only upon an Exchange Event.
(b)
New Global Note:
No
23.
Additional Financial Centre(s):
New York and Sydney
24.
Talons for future Coupons to be No
attached to Definitive Bearer Notes:

Signed on behalf of National Australia Bank
Limited (ABN 12 004 044 937):

By: ......................................................................
Duly authorised

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PART B--OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(a)
Listing and Admission to Application has been made by the Issuer (or on its
trading:
behalf) for the Notes to be admitted to trading on the
Regulated Market of the Luxembourg Stock Exchange
and listed on the official list of the Luxembourg Stock
Exchange with effect from 30 August 2018.
The Existing Notes were admitted to trading on the
Regulated Market of the Luxembourg Stock Exchange
and listed on the official list of the Luxembourg Stock
Exchange on 27 November 2017.
(b)
Estimate of total expenses 3,100
related to admission to trading:
2.
RATINGS
Ratings:
The Notes to be issued are expected to be rated Aa3 by
Moody's Investors Service Pty Limited and AA- by
Standard & Poor's (Australia) Pty Ltd.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to Credit Suisse Securities (Europe) Limited (the Dealer), so far as the
Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. The
Dealer and its affiliates have engaged, and may in the future engage, in investment banking and/or
commercial banking transactions with, and may perform other services for, the Issuer and its
affiliates in the ordinary course of business
4.
YIELD
Indication of yield:
Tranche A Notes: 1.688 per cent. per annum
Tranche B Notes: 1.693 per cent. per annum
5.
OPERATIONAL INFORMATION
(a)
ISIN:
Temporary ISIN Code until exchange of the Temporary
Bearer Global Note for a Permanent Bearer Global Note:
XS1873219726
ISIN Code after the exchange: XS1725805722
(b)
Common Code:
Temporary Common Code until exchange of the
Temporary Bearer Global Note for a Permanent Bearer
Global Note: 1187321972
Common Code after the exchange: 17258052
(c)
Any clearing system(s) other Not Applicable
than Euroclear and Clearstream,

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Luxembourg and the relevant
identification number(s):
(d)
Name(s) and address(es) of Not Applicable
additional Paying Agent(s) (if
any):
(e)
Deemed delivery of clearing Any notice delivered to Noteholders through Euroclear
system notices for the purposes and/or Clearstream, Luxembourg will be deemed to have
of Condition 14:
been given on the day after the day on which it was given
to Euroclear and Clearstream, Luxembourg.
(f)
Intended to be held in a manner No. Whilst the designation is specified as "no" at the date
which would allow Eurosystem of these Final Terms, should the Eurosystem eligibility
eligibility:
criteria be amended in the future such that the Notes are
capable of meeting them the Notes may then be
deposited with one of the ICSDs as common safekeeper.
Note that this does not necessarily mean that the Notes
will then be recognised as eligible collateral for
Eurosystem monetary policy and intra day credit
operations by the Eurosystem at any time during their
life. Such recognition will depend upon the European
Central Bank being satisfied that Eurosystem eligibility
criteria have been met.

6.
SELLING RESTRICTIONS
(a)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
(b)
Prohibition of Sales to EEA Not Applicable
Retail Investors:
(c)
Prohibition of Sales to Belgian Applicable
Consumers:

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