Filed Pursuant to Rule 424(b)(3)
Registration No. 333-63976
Registration No. 333-67988
Trust Preferred Income Equity Redeemable Securities (PIERS) Units
CUSIP No. 939322 84 8
Warrants to purchase shares of Washington Mutual, Inc. Common Stock
CUSIP No. 939322 11 1
Trust Preferred Securities issued by Washington Mutual Capital Trust 2001
CUSIP No. 93933U 40 7
PROSPECTUS SUPPLEMENT DATED APRIL 19, 2002
(TO PROSPECTUS DATED SEPTEMBER 4, 2001)
WASHINGTON MUTUAL, INC.
Trust Preferred Income Equity Redeemable Securities
(PIERS) Units
This document supplements the prospectus dated September 4, 2001, relating to
the units. Each unit consists of:
o a preferred security issued by Washington Mutual Capital Trust 2001
(the "Trust"), having a stated liquidation amount of $50, representing
an undivided beneficial interest in the assets of the Trust, which
assets consist solely of subordinated debentures issued by Washington
Mutual, Inc. each of which has a principal amount at maturity of $50,
a stated maturity of July 1, 2041 and, at any time, an accreted value
as described in the prospectus; and
o a warrant to purchase at any time prior to the close of business on
May 3, 2041, 1.2081 shares of common stock of Washington Mutual. The
exercise price of each warrant on the initial date of issuance was
$32.33 and will accrete on a daily basis as described in the
prospectus to $50 on the expiration date.
At any time after issuance of the units, the preferred security and warrant
components of each unit may be separated by the holder and transferred
separately. Thereafter, a separated preferred security and warrant may be
combined to form a unit.
The information in this prospectus supplements the information set forth under
the heading "Selling Securityholders" in the prospectus dated September 4, 2001.
Goldman Sachs and Company was listed in the September 4, 2001 prospectus and has
subsequently purchased additional units. As a result, the number of units
eligible for resale pursuant to the Registration Statement by Goldman Sachs and
Company is adjusted to the number set forth opposite such company's name
(without adjustment for any resales that such company has made pursuant to the
Registration Statement). Conseco Fund Group - Convertible Securities Fund and
Conseco Annuity Assurance Multi-Bucket Annuity Convertible Bond Fund are added
to the list of Selling Securityholders, and the number of units that may be sold
pursuant to the Registration Statement is as set forth opposite each company's
name.
Securities Beneficially Owned Prior
to the Offering Securities that
-------------------------------------- May be Sold
Selling Securityholder Number Type Hereunder
--------------------------------------- -------------- ----------- ----------------
Goldman Sachs and Company.............. 127,450 Units 127,450
Conseco Fund Group - Convertible
Securities Fund........................ 10,000 Units 10,000
Conseco Annuity Assurance Multi-Bucket
Annuity Convertible Bond Fund.......... 100,000 Units 100,000
-----------
"Preferred Income Equity Redeemable Securities" and "PIERS" are service marks
owned by Lehman Brothers Inc.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR DETERMINED IF THIS
PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
THESE SECURITIES OFFERED HEREBY ARE NOT SAVINGS ACCOUNTS, DEPOSITS OR OTHER
OBLIGATIONS OF ANY BANK OR SAVINGS ASSOCIATION AND ARE NOT INSURED BY THE
FEDERAL DEPOSIT INSURANCE CORPORATION, THE BANK INSURANCE FUND, THE SAVINGS
ASSOCIATION INSURANCE FUND OR ANY OTHER GOVERNMENTAL AGENCY.