Filed Pursuant to Rule 433
Registration Statement No. 333-207931
Free Writing Prospectus
(To the Preliminary Prospectus Supplement dated May 9, 2016 and Prospectus dated November 10, 2015)
May 9, 2016
US$1,500,000,000 2.850% Notes due May 13, 2026
US$1,500,000,000 2.850% Notes due May 13, 2026
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Issuer: |
Westpac Banking Corporation |
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Principal Amount: |
US$1,500,000,000 |
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Ranking: |
Senior Unsecured |
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Expected Ratings: |
Aa2/AA-; Stable/Stable (Moody’s/S&P)* |
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Legal Format: |
SEC Registered Global Notes |
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Trade Date: |
May 9, 2016 |
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Settlement Date: |
May 13, 2016 (T+4) |
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Since trades in the secondary market generally settle in three business days, purchasers who wish to trade notes on the date hereof will be required, by virtue of the fact that the notes initially settle in T+4, to specify alternative settlement arrangements to prevent a failed settlement. |
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Maturity Date: |
May 13, 2026 |
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Interest Rate: |
2.850% |
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Price to Public: |
99.612% |
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Benchmark Treasury: |
UST 15/8 02/15/26 |
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Benchmark Treasury Price and Yield: |
98-29+ / 1.745% |
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Re-offer Spread to Benchmark Treasury: |
plus 115 basis points |
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Re-offer Yield: |
2.895% |
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Gross Spread: |
35 basis points |
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All-in Price: |
99.262% |
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Interest Payment Dates: |
Payable semi-annually in arrears on May 13 and November 13 of each year, commencing November 13, 2016, subject to Business Day Convention |
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Day Count Convention: |
30/360, unadjusted |
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Net Proceeds: |
US$1,488,930,000 |
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Business Days: |
Each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in Sydney, Australia, New York, New York, or London, United Kingdom are authorized or obligated by law or executive order to close |
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Business Day Convention: |
Any payment of principal, premium and interest required to be made on an Interest Payment Date that is not a Business Day will be made on the next succeeding Business Day, and no interest will accrue on that payment for the period from and after the Interest Payment Date to the date of payment on the next succeeding Business Day |
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Denominations: |
Minimum of US$2,000 with increments of US$1,000 thereafter |
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CUSIP: |
961214CX9 |
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ISIN: |
US961214CX95 |
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Joint Active Bookrunners: |
Citigroup Global Markets Inc. |
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Goldman, Sachs & Co. |
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J.P. Morgan Securities LLC |
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Merrill Lynch, Pierce, Fenner & Smith |
Free Writing Prospectus
(To the Preliminary Prospectus Supplement dated May 9, 2016 and Prospectus dated November 10, 2015)
*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 800 831 9146, Goldman, Sachs & Co. toll-free at (800) 828-3182, J.P. Morgan Securities LLC collect at 212 834 4533 or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322.