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Filed under Rule 424(b)(2), Registration Statement No. 333-172579 |
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Westpac Banking Corporation |
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Preliminary Pricing Supplement No. 25 - Dated March 1 , 2012 (To: Prospectus Dated November 16, 2011) |
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CUSIP |
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Principal |
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Selling |
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Gross |
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Net |
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Coupon |
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Coupon |
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Coupon |
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Day Count |
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Maturity |
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1st Coupon |
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1st Coupon |
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Survivor’s |
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FDIC |
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Product |
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96121BBC0 |
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$ |
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100% |
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1.750% |
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$ |
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Fixed |
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See Other Terms |
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Semi-annually |
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30/360 |
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3/16/2027 |
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9/16/2012 |
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$15.00 |
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No |
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No |
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Senior Unsecured Notes |
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Redemption Information: Callable - See Other Terms | |||
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Trade Date: March , 2012 | ||
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Issue Date: March 16, 2012 | ||
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Minimum Denomination/Increments: $1,000.00/$1,000.00 | ||
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Initial trades settle flat and clear SDFS: DTC Book Entry only | ||
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Applicable Time: | ||
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Other Terms: | ||
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Interest Payment Dates: March 16 and September 16 in each year, commencing on September 16, 2012 up to and including the Maturity Date | |
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Interest Rate: |
From and including the Issue Date, to but excluding March 16, 2017: 3.00% |
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From and including March 16, 2017 to but excluding March 16, 2022: 5.00% |
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From and including March 16, 2022 to but excluding March 16, 2027: 7.00% |
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Redemption: The Notes are redeemable at the option of the Issuer in whole (but not in part) on each Interest Payment Date, commencing on the Interest Payment Date scheduled to fall in March 2015 to and including the Interest Payment Date scheduled to fall in September 2026 (each an “Optional Redemption Date”). | |
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Notwithstanding any provision to the contrary in the Notes or in the Prospectus, the Issuer must give notice (in the manner provided in the Prospectus) of its intention to exercise its redemption option no later than 5 Business Days before the relevant Optional Redemption Date. | |
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Business Day: New York, London and Sydney | |
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Agent: Morgan Stanley & Co. LLC | ||