Filed under Rule 424(b)(2), Registration Statement No. 333-172579

 

 

 

Westpac Banking Corporation

 

Preliminary Pricing Supplement No. 25 - Dated March 1 , 2012 (To: Prospectus Dated November 16, 2011)

 

CUSIP
Number

 

Principal
Amount

 

Selling
Price

 

Gross
Concession

 

Net
Proceeds

 

Coupon
Type

 

Coupon
Rate

 

Coupon
Frequency

 

Day Count
Basis

 

Maturity
Date

 

1st Coupon
Date

 

1st Coupon
Amount

 

Survivor’s
Option

 

FDIC
Guaranteed

 

Product
Ranking

 

96121BBC0

 

$

 

100%

 

1.750%

 

$

 

Fixed

 

See Other Terms

 

Semi-annually

 

30/360

 

3/16/2027

 

9/16/2012

 

 

$15.00

 

No

 

No

 

Senior Unsecured Notes

 

 

Redemption Information: Callable - See Other Terms

 

 

 

Trade Date: March   , 2012

 

 

 

Issue Date: March 16, 2012

 

 

 

Minimum Denomination/Increments: $1,000.00/$1,000.00

 

 

 

Initial trades settle flat and clear SDFS: DTC Book Entry only

 

 

 

Applicable Time:

 

 

 

Other Terms:

 

 

 

 

Interest Payment Dates: March 16 and September 16 in each year, commencing on September 16, 2012 up to and including the Maturity Date

 

 

 

 

 

Interest Rate:

From and including the Issue Date, to but excluding March 16, 2017: 3.00%

 

 

 

 

 

 

 

From and including March 16, 2017 to but excluding March 16, 2022: 5.00%

 

 

 

 

 

 

 

From and including March 16, 2022 to but excluding March 16, 2027: 7.00%

 

 

 

 

 

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”).

 

 

 

 

 

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.

 

 

 

 

 

Business Day: New York, London and Sydney

 

 

 

Agent: Morgan Stanley & Co. LLC