Covered Bond Programme

Due to legal restrictions, your use of the following website pages is subject to acceptance by you of the following terms:

The material on this web page and the web pages accessed through this web page (together, the "Website") is for distribution only to persons in New Zealand who are "wholesale investors" as that term is defined in clauses 3(2)(a), (c) and (d) of Schedule 1 to the Financial Markets Conduct Act 2013 ("FMCA") and, in all other cases, in such circumstances as may be permitted by applicable law in any jurisdiction in which an investor may be located. 

In particular, but without limitation, the material on this Website is for distribution in New Zealand only to a wholesale investor who is (A) an "investment business", (B) "large", or (C) a "government agency", in each case as defined in Schedule 1 to the FMCA. For the avoidance of doubt, the Website may not be directly or indirectly accessed by, among others, any “eligible investors” (as defined in clause 41 of Schedule 1 to the FMCA) or to any person who, under clause 3(2)(b) of Schedule 1 to the FMCA, meets the investment activity criteria specified in clause 38 of that Schedule. 

Each person accessing this Website confirms that they are a person who is entitled to do so under all applicable laws, regulations and directives in all applicable jurisdictions.

The material on this Website is provided for information purposes only and does not constitute an offer, invitation, inducement, solicitation or recommendation to subscribe for, underwrite or purchase any security (including, without limitation, as any of those terms are defined or used in the US Securities Act of 1933, as amended, or the FMCA or the UK Financial Services and Markets Act 2000 or the Australian Corporations Act 2001). The Website shall not form the basis of any contract or commitment whatsoever. No sale of any securities described on this Website will occur in any jurisdiction in which such offer, invitation, inducement, solicitation, recommendation or sale would be unlawful.

Access to and use of the Website and the materials found on it (the "Material"), including the investment products referred to on the Website (the "Investment Products") are subject to the terms set out in this Disclaimer and Terms of Use (the "Terms"). By clicking the confirmation at the bottom of these Terms, you confirm that you have read, understood and accepted these Terms. ASB Bank Limited ("ASB Bank") and any of its related bodies corporate (together, the "ASB Bank Group") may update, revise, delete or modify information on this Website without notice. Material should only be considered current as of the time of initial publication of that Material on the Website or as otherwise stated on the Website without regard to the date on which you may access the Material.

Neither the ASB Bank Group nor any of its directors, employees, agents or advisers warrants the fairness, accuracy, adequacy or completeness of any information contained in or referred to in the Material on this Website. To the maximum extent permitted by law, neither the ASB Bank Group nor its directors, employees, agents or advisers accepts any liability whatsoever for any loss (including, without limitation, any liability arising from any fault or negligence on the part of the ASB Bank Group or its respective directors, employees, agents or advisers) arising from the use of this Material, access to Material on the Website by any person not entitled to do so or otherwise arising in connection with the Material on this Website.

This Website contains general information only and does not contain investment recommendations or advice nor does it purport to take into account any investor's particular financial circumstances. The information is historical in nature and only current as of the date of the Materials and is not to be relied upon as being accurate, complete or up to date. All information is subject to change without notice. ASB Bank recommends that, before making any investment decision or otherwise acting upon information contained or referred to in this Website, investors should seek independent professional advice that takes into account their financial situation, investment objectives, particular needs and/or other personal circumstances. The information contained in this Website is not to be used for any purpose other than providing factual historical data and it is not to be construed as an indication or prediction of future results.

In Australia:

This Website is only directed at persons who are "wholesale clients" within the meaning of section 761G of the Australian Corporations Act 2001. If you are a "retail client" within the meaning of section 761G of the Australian Corporations Act 2001 or if any member of the ASB Bank Group would be required to provide you with a regulated offer document under Part 6D.2 of the Australian Corporations Act 2001, or to lodge any document with the Australian Securities and Investments Commission, in relation to any offer that any member of the ASB Bank Group may make to you, you must not access this Website.

In the United States:

This Website is not directed to the United States or to U.S. persons (as defined in Regulation S under the United States Securities Act of 1933, as amended) or persons acting for the account or benefit of a U.S. person and any securities described on this Website have not been registered under the United States Securities Act of 1933, as amended, and may not be offered, sold or delivered within the United States or to U.S. persons, or persons acting for the account or benefit of a U.S. person, absent registration or an available exemption from registration, under the United States Securities Act of 1933, as amended. Due to legal restrictions, access to this Website is not available to residents of the United States.

In the United Kingdom:

This Website is directed at persons who (i) are qualifying high net worth companies, unincorporated associations, trustees and other persons, in each case who fall within the exemption created by article 49(2) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO") or (ii) are investment professionals as defined within article 19 of the FPO (“United Kingdom Relevant Person”). The products and services detailed on this Website are available only to such persons and any related investment activities will be engaged in only with such persons. The information on this Website may not be published, copied or distributed to any person. If you are a person of any other description, you should not act upon the Material contained on this Website.