Filed Pursuant to Rule 433
Registration Statement No. 333-157381
Free Writing Prospectus
(To Preliminary Prospectus Supplement dated August 24, 2009 and Prospectus dated March 3, 2009)
August 24, 2009
US$1,500,000,000 4.200% Notes due February 27, 2015
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Issuer: |
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Westpac Banking Corporation |
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Principal Amount: |
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US$1,500,000,000 |
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Ranking: |
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Senior Unsecured |
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Expected Ratings: |
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Aa1/AA; Negative/Stable (Moodys/S&P) |
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Legal Format: |
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SEC Registered Global Notes |
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Trade Date: |
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August 24, 2009 |
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Settlement Date: |
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August 27, 2009 (T+3) |
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Maturity Date: |
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February 27, 2015 |
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Coupon: |
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4.20% |
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Price to Public: |
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99.898% |
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Benchmark Treasury: |
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UST-5yr 2.625% July 31, 2014 |
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Benchmark Treasury Spot and Yield: |
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100-22 3/4 /2.471% |
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Reoffer Spread to Benchmark Treasury: |
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+175 basis points |
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Re-offer Yield: |
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4.221% |
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Gross Spread: |
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35 basis points, paid upfront |
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All-in Price: |
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99.548% |
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Interest Payment Dates: |
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Payable semi-annually in arrears on February 27 and August 27 of each year, commencing February 27, 2010 and ending on the Maturity Date, subject to Business Day Convention |
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Day Count Convention: |
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30/360, unadjusted |
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Net Proceeds: |
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US$1,493,220,000 |
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Business Days : |
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New York, London, Sydney |
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Business Day Convention: |
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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: |
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Minimum of US$2,000 with increments of US$1,000 thereafter |
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CUSIP: |
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961214BH5 |
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ISIN: |
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US961214BH54 |
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Joint Active Bookrunners: |
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Banc
of America Securities LLC |
Free Writing Prospectus
(To Preliminary Prospectus Supplement dated August 24, 2009 and Prospectus dated March 3, 2009)
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 toll-free Banc of America Securities LLC at 1-800-294-1322 or J.P. Morgan Securities Inc at 1-212-834-4533 [collect].