Investor Presentaiton
ANZ Capital Notes 9
KEY TERMS: MANDATORY CONVERSION TRIGGER EVENT
Trigger Event
Common Equity
Capital Trigger Event
Non-Viability Trigger
Event
Means a Common Equity Capital Trigger Event or Non-Viability Trigger Event
ANZBGL determines, or APRA has notified ANZBGL in writing that it believes, that a Common Equity Capital Ratio of the ANZBGL Level 1 or Level 2
Group is equal to or less than 5.125%
APRA notifies ANZBGL in writing that:
- conversion or write-off of Relevant Securities is necessary because without it ANZBGL would become non-viable; or
- without a public sector injection of capital ANZBGL would become non-viable
•
ANZBGL may be required to immediately Convert all or some of the Notes into a variable number of ANZGHL Ordinary Shares at a 1% discount to
the 5 business day VWAP prior to the Trigger Event Conversion Date, subject to the Maximum Conversion Number
If a Non-Viability Trigger Event occurs because APRA determines that ANZBGL would become non-viable without a public sector injection of
capital, all of the Notes are required to be Converted
Conversion following a
Trigger Event
•
There are no conditions to Conversion following a Trigger Event
•
The application of the Maximum Conversion Number means that, depending on the price of ANZGHL Ordinary Shares at the time of Conversion,
Holders may suffer a loss as a consequence
If Conversion is not effected for any reason within 5 Business Days of the Trigger Event Conversion Date, the Notes will be Written Off. If a Note is
Written Off, all rights including to Distributions in respect of that Note will be terminated.
Maximum Conversion
Number
The number of ANZGHL Ordinary Shares per Note that Holders are issued on Conversion may not be greater than the Maximum Conversion
Number. The Maximum Conversion Number is the Face Value of the Notes ($100) divided by 20% of the Issue Date VWAP (as adjusted in limited
circumstances)
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