ASX listed securities

Macquarie Group Capital Notes 5

Macquarie Group Capital Notes 5 (MCN5) are unsecured, subordinated notes issued by Macquarie Group Limited. They are non-cumulative and mandatorily convertible. The MCN5 are quoted on the Australian Securities Exchange (ASX) under the code 'MQGPE'.

The MCN5 were listed on the ASX on 17 March 2021. The MCN5 offer raised $A725,440,000 through the issue of 7,254,400 MCN5 at $A100 each.

The initial mandatory exchange date is 18 September 2030.

Important information

Any information contained here is general in nature, is a summary of only some of the features of the MCN5 and has been prepared without taking into account your objectives, financial situation or needs. Before investing in MCN5, you should consider the appropriateness of the MCN5 having regard to your circumstances and the terms of the MCN5. To learn more about the MCN5 please refer to the information contained below. You should also seek independent financial advice before making such an investment decision.

ASIC has published guidance which may be relevant to your consideration of whether to invest in MCN5 – namely, information for retail investors who are considering investing in hybrid securities called “Hybrid securities and notes” (under the heading “Complex investments” at www.moneysmart.gov.au/investing). ASIC’s guidance includes a series of questions you may wish to ask yourself, and a short quiz you can complete, to check your understanding of how hybrids work, their features and the risks of investing in them. Free copies of this ASIC guidance can be obtained from ASIC’s website at www.moneysmart.gov.au/investing or by calling ASIC on 1300 300 630 (from Australia) or +61 3 5177 3988 (from outside Australia).

Distributions

For details, refer to the prospectus located under Documentation.

The MCN5 pay quarterly distributions on or about:

  • 18 March
  • 18 June
  • 18 September
  • 18 December

If any of these dates are not a business day, the distribution will be paid on the next business day.

Note: The Distribution Rate will be determined, and the notice given, when all of the necessary inputs to the calculation are available. One of the inputs to this calculation is the franking rate. Macquarie determines its franking rate every six months along with the determination of MGL ordinary share dividend payments. As a result, the Distribution Rate for the 18 June payment will be released shortly after the annual results announcement in early May each year and the Distribution Rate for the 18 December payment will be released shortly after the half-year results announcement in early November each year. The 18 March and 18 September Distribution Rates will be announced shortly after the previous payment dates.

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Payment date Distribution rate Approximate distribution per security ($A) Franking rate
20/09/2021 2.4938% $0.6422 40%
18/06/2021 2.5054% $0.6384 40%