About NAB Capital Notes 2

NAB Capital Notes 2 were convertible notes issued by NAB on 7 July 2016 and listed on the ASX under the code NABPD. The face value and issue price for NAB Capital Notes 2 was $100 per NAB Capital Note 2. NAB Capital Notes 2 were not deposit liabilities of NAB, were not Protected Accounts  or any other accounts with NAB and were not insured or guaranteed by any government, government agency or compensation scheme of the Commonwealth of Australia or any other jurisdiction, by any member of the NAB Group or by any other party.

On 7 July 2022, all outstanding NAB Capital Notes 2 were Redeemed in accordance with the Terms, and Holders received:

  • a cash payment of $100 per NAB Capital Note 2 (being the face value of NAB Capital Notes 2) unless the relevant NAB Capital Notes 2 Holder participated in the reinvestment offer under the NAB Capital Notes 6 offer announced on 6 June 2022. If a NAB Capital Notes 2 Holder participated in the reinvestment offer, some or all of their redemption amount was applied to pay for the NAB Capital Notes 6 for which they had subscribed; and
  • a final Distribution consisting of a cash payment of $0.9140 per NAB Capital Note 2.

A general outline of the taxation implications for certain Holders who are Australian residents for tax purposes can be found in the ATO Class Ruling and the Prospectus (see links below) and, to the extent they participate in the reinvestment offer for NAB Capital Notes 6, in Section 8.8 of the prospectus for the NAB Capital Notes 6 offer. The taxation implications will depend on your individual circumstances and you should seek your own professional tax advice regarding the taxation consequences in your particular circumstances.

For more information on NAB Capital Notes 2 refer to:

The above information is not financial advice. Please consult your independent financial adviser if you have any questions about NAB Capital Notes 2.

Shareholder Centre

Important information

NAB's Tax Rate means the Australian corporate tax rate applicable to the franking account of NAB on the relevant Distribution Payment Date (currently 30%).

NAB Capital Notes 2 have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), or the securities laws of any state or other jurisdiction of the United States. They may not be offered, sold or resold in the United States or to, or for the account or benefit of, any 'U.S. Person' (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from the registration requirements.