1. Read the target market determination and prospectus in full

Although Hybrids have a number of common features, the specific terms of each particular Hybrid are different and so it is important that you read the information in the relevant Target Market Determination (if available) and Prospectus in its entirety before deciding to invest.

A copy of the Target Market Determination and Prospectus for each Hybrid issue can generally be obtained by visiting the Bank’s website.

In considering whether to invest in a Hybrid, it is important to consider all risks and other information regarding that investment in light of your particular investment objectives, financial situation, needs and circumstances.

2. Speak to your professional adviser

If you wish to invest in a Hybrid, it is recommended that you seek professional guidance which takes into account your particular investment objectives and circumstances from a professional adviser who is licensed by ASIC to give such advice.

ASIC has published guidance on how to choose a professional adviser on its MoneySmart, opens in new window website. You can also search ‘choosing a financial adviser’.

3. Consider the ASIC guidance for retail investors

ASIC has published guidance on investing in Hybrids and other similar securities on its MoneySmart, opens in new window website which may be relevant to your consideration of an investment in Hybrids.

You can also take the MoneySmart Hybrids quiz to check your understanding of how Hybrids work, their features and risks.

4. Obtain more information about the issuing bank and the relevant hybrid

Bank issuers of Hybrids typically publish information on the ASX which may have a material effect on the price or value of their Hybrid (and other) securities, including financial disclosures. You should consider reading this information before deciding to invest in Hybrids.

You can access NAB’s public disclosures on the ASX website, opens in new window.

You can also find information about NAB’s current Hybrids by tapping on the following links:

Important information