Capital notes 3 from NAB - Shareholder centre - NAB

About NAB Capital Notes 3

NCN3 were convertible notes directly issued by NAB on 20 March 2019 and listed on the ASX under the code NABPF. The face value and issue price for NCN3 was $100 per NAB Capital Note 3. They were not guaranteed or secured and were not a deposit account or any other account with NAB. 

On 17 June 2026, all outstanding NCN3 were redeemed in accordance with the terms and conditions of the NCN3, and Holders received: 

  • a cash payment of $100 per NCN3 (being the face value of each NCN3); and
  • a final distribution payment of $1.4438 per NCN3 in respect of the period from (and including) 17 March 2026 to (but not including) 17 June 2026.

A general outline of the taxation implications for certain holders of NAB Capital Notes 3 who are Australian residents for tax purposes can be found in the ATO Class Ruling and the Prospectus (see links below). 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.

Shareholder Centre

Important information

NAB Capital Notes 3 are not deposit liabilities of NAB, are not Protected Accounts for the purposes of the Banking Act 1959 (Cth) or any other accounts with NAB and are 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 Group or by any other party.

NAB Capital Notes 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.