PILLAR 3 ADDITIONAL TIER 1 CAPITAL INSTRUMENTS ABN

Transcription

1 ABN Trust Preferred Securities 2004 (TPS 2004) 1 Issuer Westpac Capital Trust IV 2 Unique identifier (eg CUSIP, ISIN or Bloomberg 144A: US96122CAA27 Reg S: USU96100AA73 3 Governing law(s) of the instrument Delaware, New York and NSW 4 Transitional Basel III rules Additional Tier 1 5 Post-transitional Basel III rules Ineligible 6 Eligible at solo(level 1)/group (Level 2)/group & solo Level 1&2 (Level 1&2) Trust preferred securities 8 Amount recognised in Regulatory Capital (Currency AUD613 million 9 Par value of instrument USD1, Accounting classification Liability - amortised cost 11 Original date of issuance 5 April March 2016 Tax and regulatory calls, except for a make whole special event call, where redemption is the greater of par or the make whole redemption price 16 Subsequent call dates, if applicable Each payment date after 31 March Fixed or floating dividend/coupon Fixed to floating 18 Coupon rate and any related index 5.256% per annum up to but excluding 31 March 2016, and USD LIBOR % per annum from and including 31 March Existence of step up or other incentive to redeem Yes 24 If convertible, conversion trigger (s) 31 March 2053

2 Westpac discretion Failure to pay Change of control of trusts Event of default Dissolution APRA events (under a contractual approach) Appointment of a statutory manager New Zealand laws (under a contractual approach) 31 March 2054 optional holder right to convert Westpac preference shares Westpac ordinary shares 25 If convertible, fully or partially Always convert fully 26 If convertible, conversion rate Each trust preferred security will be exchanged for one American Depositary Receipt representing 40 Westpac preference shares Each Westpac preference share may convert USD25 value of Westpac ordinary shares subject to a 5% conversion discount on 31 March If convertible, or optional conversion Optional or Optional for holder right of conversion ordinary shares on 31 March If convertible, specify instrument type convertible Additional Tier 1 or Common Equity Tier 1 30 Write-down feature None 31 If write-down, write-down trigger(s) N/A 32 If write-down, full or partial N/A 33 If write-down, permanent or temporary N/A 34 If temporary write-down, description of write-up 35 Position in subordination hierarchy in liquidation (specify instrument type immediately senior to N/A Ranks behind Tier 2 Capital 36 Non-compliant transitioned features Yes 37 If yes, specify non-compliant features No Basel III loss absorption features Step up features Trust Preferred Securities 2006 (TPS 2006) 1 Issuer Westpac RE Limited 2 Unique identifier (eg CUSIP, ISIN or Bloomberg AU0000WCTPA9 4 Transitional Basel III rules Additional Tier 1 Capital 5 Post-transitional Basel III rules Ineligible 6 Eligible at solo(level 1)/group (Level 2)/group & solo (Level 1&2) Level 1&2 2

3 Trust preferred securities 8 Amount recognised in Regulatory Capital (Currency AUD755 million 10 Accounting classification Non-controlling interests in consolidated subsidiary 11 Original date of issuance 21 June June 2016 Tax, regulatory or change of control reasons, also includes a clean up call right 16 Subsequent call dates, if applicable Each payment date after first call date 18 Coupon rate and any related index (90 day bank bill rate + 1% per annum) x (1 tax rate) up to and including 30 June 2016, and (90 day bank bill rate + 2% per annum) x (1 tax rate) from but excluding 30 June Existence of step up or other incentive to redeem Yes 24 If convertible, conversion trigger (s) 30 June 2016 and each payment date Tax, regulatory and change of control reasons and clean up call right Events of default APRA events (contractual approach) 30 September If convertible, conversion rate Each trust preferred security converts one Westpac preference share or in other circumstances each trust preferred security converts AUD 100 worth of ordinary shares subject to 2.5% discount and a maximum conversion number 27 If convertible, or optional conversion Mandatory or optional 28 If convertible, specify instrument type convertible Common Equity Tier 1 or Additional Tier 1 30 Write-down feature No 31 If write-down, write-down trigger(s) N/A 32 If write-down, full or partial N/A 33 If write-down, permanent or temporary N/A 35 Position in subordination hierarchy in liquidation Ranks behind Tier 2 Capital 3

4 36 Non-compliant transitioned features Yes 37 If yes, specify non-compliant features No Basel III loss absorption features Step up features Convertible Preference Shares 1 Issuer Westpac Banking Corporation 2 Unique identifier (eg CUSIP, ISIN or Bloomberg AU0000WBCPC3 4 Transitional Basel III rules Additional Tier 1 5 Post-transitional Basel III rules Ineligible 6 Eligible at solo (Level 1)/group (Level 2)/group & Level 1&2 solo (Level 1&2) Preference shares 8 Amount recognised in Regulatory Capital (Currency AUD1,190 million 10 Accounting classification Liability - amortised cost 11 Original date of issuance 23 March March 2018 Tax, regulatory or change of control reasons 16 Subsequent call dates, if applicable Each payment date after 31 March Coupon rate and any related index (180 day bank bill rate % per annum) x (1- tax rate) 21 Existence of step up or other incentive to redeem None 24 If convertible, conversion trigger (s) 31 March 2018 and each payment date 31 March 2020 and each payment date Capital trigger Tax, regulatory or change of control 26 If convertible, conversion rate Each CPS converts AUD 100 worth of ordinary shares subject to 1% discount and maximum conversion number 27 If convertible, or optional conversion Mandatory or optional 28 If convertible, specify instrument type convertible Common Equity Tier 1 29 If convertible, specify issuer of instrument it converts Westpac Banking Corporation 4

5 30 Write-down feature None 31 If write-down, write-down trigger(s) N/A 32 If write-down, full or partial N/A 33 If write-down, permanent or temporary N/A 35 Position in subordination hierarchy in liquidation Ranks behind Tier 2 Capital 36 Non-compliant transitioned features Yes 37 If yes, specify non-compliant features No non-viability loss absorption features Westpac Capital Notes 1 Issuer Westpac Banking Corporation 2 Unique identifier (eg CUSIP, ISIN or Bloomberg AU0000WBCPD1 4 Transitional Basel III rules N/A 5 Post-transitional Basel III rules Additional Tier 1 6 Eligible at solo (Level 1)/group (Level 2)/group & Level 1&2 solo (Level 1&2) Subordinated notes 8 Amount recognised in Regulatory Capital (Currency AUD1,383 million 10 Accounting classification Liability at amortised cost 11 Original date of issuance 8 March March 2019 For tax, franking or regulatory reasons 16 Subsequent call dates, if applicable N/A 18 Coupon rate and any related index (90 day bank bill rate + 3.2% per annum) x (1 tax rate) 21 Existence of step up or other incentive to redeem None 24 If convertible, conversion trigger (s) 8 March 2021 and each payment date Change of control Capital trigger Non-viability trigger by APRA (contractual approach) 5

6 26 If convertible, conversion rate Each Westpac Capital Note converts AUD 100 worth of ordinary shares subject to 1% discount and maximum conversion number 27 If convertible, or optional conversion Mandatory 28 If convertible, specify instrument type convertible Common Equity Tier 1 30 Write-down feature Yes 31 If write-down, write-down trigger(s) Following capital or non-viability trigger if conversion does not occur within 5 business days (under a contractual approach) 32 If write-down, full or partial May be full or partial 33 If write-down, permanent or temporary Permanent 35 Position in subordination hierarchy in liquidation Ranks behind Tier 2 Capital 36 Non-compliant transitioned features No 37 If yes, specify non-compliant features N/A Westpac Capital Notes 2 1 Issuer Westpac Banking Corporation 2 Unique identifier (eg CUSIP, ISIN or Bloomberg AU0000WBCPE9 4 Transitional Basel III rules N/A 5 Post-transitional Basel III rules Additional Tier 1 6 Eligible at solo (Level 1)/group (Level 2)/group & Level 1&2 solo (Level 1&2) Subordinated notes 8 Amount recognised in Regulatory Capital (Currency AUD1,311 million 10 Accounting classification Liability at amortised cost 11 Original date of issuance 23 June September 2022 For tax or regulatory reasons 16 Subsequent call dates, if applicable N/A 18 Coupon rate and any related index (90 day bank bill rate % per annum) x (1 tax rate) 6

7 21 Existence of step up or other incentive to redeem None 24 If convertible, conversion trigger (s) 23 September September 2024 and each payment date Change of control Capital trigger Non-viability trigger by APRA (contractual approach) 26 If convertible, conversion rate Each Westpac Capital Note 2 converts AUD 100 worth of ordinary shares subject to 1% discount and maximum conversion number 27 If convertible, or optional conversion Mandatory or optional 28 If convertible, specify instrument type convertible Common Equity Tier 1 30 Write-down feature Yes 31 If write-down, write-down trigger(s) Following capital or non-viability trigger if conversion does not occur within 5 business days (under a contractual approach) 32 If write-down, full or partial May be full or partial 33 If write-down, permanent or temporary Permanent 35 Position in subordination hierarchy in liquidation Ranks behind Tier 2 Capital 36 Non-compliant transitioned features No 37 If yes, specify non-compliant features N/A 7