Enhanced Investments - Financial Portal

FRS318 FRS319 - Listing of New Financial Instruments

Published: 2023-04-14 16:42:25 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS318       ISIN: ZAG000195512
Bond code: FRS319       ISIN: ZAG000195538
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listing of its FRS318 and FRS319 senior unsecured structured notes, in terms of its
note programme (the programme) dated 29 November 2011, as amended from time to time, effective 17 April 2023.


Debt security code:                         FRS318
ISIN:                                       ZAG000195512
Type of debt security:                      Fixed Rate Instalment Note
Nominal issued:                             ZAR 168 620 991.00
Coupon rate:                                From the Interest Commencement Date to but excluding 17 May 2023,
                                            4.180% simple rate per annum, from 17 May 2023 to but excluding 17
                                            November 2023, 4.943% simple rate per annum, from 17 November
                                            2023 to but excluding 17 May 2024, 5.218% simple rate per annum, from
                                            17 May 2024 to but excluding 17 November 2024, 5.199% simple rate
                                            per annum until the maturity date
First instalment date:                      17 May 2023
Instalment date(s):                         17 May 2023, 17 November 2023, 17 May 2024 and 17 November 2024,
                                            subject to the modified following business day convention
Last day to register:                       By 17:00 on 12 May 2023, 12 November 2023, 12 May 2024 and 12
                                            November 2024
Books close:                                13 May 2023, 13 November 2023, 13 May 2024 and 13 November 2024
Maturity date:                              17 November 2024, subject to the modified following business day
                                            convention
Final maturity amount:                      As determined by the Calculation Agent in accordance with paragraph 46
                                            of the pricing supplement
Other:                                      The pricing supplement contains additional terms and conditions to the
                                            terms and conditions as contained in the programme
Summary of additional terms:                Please refer to the Fixed Rate Note provision, other terms relating to the
                                            method of calculating interest, the early redemption amount, the final
                                            redemption amount and the instalment note provision as contained in the
                                            pricing supplement

Debt security code:                         FRS319
ISIN:                                       ZAG000195538
Type of debt security:                      Zero Coupon Currency Linked Note
Nominal issued:                             ZAR 455 042 932.00
Coupon rate:                                Zero Coupon Note
First interest payment date:                2 May 2023
Interest payment date(s):                   2 May 2023
Last day to register:                       By 17:00 on 27 April 2023
Books close:                                28 April 2023
Maturity date:                              2 May 2023, subject to the modified following business day convention
Final maturity amount:                      On the Maturity Date the Final Redemption Amount will be equal to an
                                            amount determined and calculated by the Calculation Agent in
                                            accordance with the following formula: FRA = [ANA * (1 + {Y *T})] * FXT /
                                            FX0 as contained in the pricing supplement
Other:                                      The pricing supplement contains additional terms and conditions to the
                                            terms and conditions as contained in the programme
Summary of additional terms:            Please refer to the Zero Coupon Note provision, the early redemption
                                        amount and the final redemption amount as contained in the pricing
                                        supplement


Issue date:                             17 April 2023
Interest commencement date:             11 April 2023
Issue price:                            100% of par
Business day convention:                Following business day
Programme amount:                       ZAR 60 000 000 000.00
Total notes in issue under programme:   ZAR 32 929 988 417.97 as at the signature date of the FRS318
                                        and FRS319 pricing supplements
Dealer:                                 Rand Merchant Bank, a division of FirstRand Bank Limited




14 April 2023

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.