CommSec Margin Lending

CommSec Margin Loan is issued by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. This product is administered by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec), a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

The information contained in this PDS is general information only and does not take into account the investment objectives, financial situation and needs of any particular individual. Because of that, you should assess with the help of legal, financial and taxation advice, whether the information is appropriate in light of your own circumstances before acting on it. Information in this PDS may be updated from time to time where that information is not materially adverse to clients. CBA may provide such updated information on the CommSec web site, commsec.com.au. A copy of the updated information is also available upon request free of charge by contacting CommSec. CBA may be required to issue a supplementary PDS as a result of certain changes, in particular where the changes are materially adverse from the point of view of a reasonable person deciding as a retail client whether to open a CommSec Margin Loan. This PDS and any supplementary PDS are available in paper form and in electronic form from our web site at commsec.com.au or by calling 13 15 19.