The drive is a 1TB drive, not a 1.5TB drive. The Label "WD Caviar Black 1.5TB" suggests it is 1.5TB but you would have set the label at some point for it to say that.
-Do you still have the original packaging?
-What is the model number of the drive? You check the model number either on the sticker on the HDD itself, or via Device Manager (Windows Key+R, devmgmt.msc, it should be under "Disk Drives", likely containing "WD" somewhere in the model)