Enhanced Investments - Financial Portal

FRII - Listing of New Financial Instruments

Published: 2023-05-23 18:40:24 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC470       ISIN: ZAG000196387
Bond code: FRS324       ISIN: ZAG000196379
Bond code: FRS325       ISIN: ZAG000196361
Bond code: FRS326       ISIN: ZAG000196403
Bond code: FRS327       ISIN: ZAG000196353
Bond code: FRS328       ISIN: ZAG000196395
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRC470, FRS324, FRS325, FRS326, FRS327 and FRS328 senior
unsecured unsubordinated notes, in terms of its note programme (the programme) dated 29 November 2011, as
amended from time to time, effective 24 May 2023.

Debt security code:                         FRC470
ISIN:                                       ZAG000196387
Type of debt security:                      Credit linked notes
Nominal issued:                             ZAR 30 000 000.00
Issue price:                                103.096% of par
Coupon rate:                                10.00% for the interest period from the interest commencement date and
                                            ending on but excluding 31 July 2023 and 10.72% for the interest periods
                                            from 31 July 2023 and ending on but excluding 7 December 2033
Interest commencement date:                 31 January 2023
Maturity date:                              7 December 2033, subject to paragraph 51 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 cessation of interest, the net asset value event and/or
                                            early reference obligation early redemption event, the early redemption at
                                            the option of the issuer, the early redemption amount and the credit
                                            linked notes provisions as contained in the pricing supplement

Debt security code:                         FRS324
ISIN:                                       ZAG000196379
Type of debt security:                      Bond linked notes
Nominal issued:                             ZAR 30 000 000.00
Issue price:                                102.952% of par
Coupon rate:                                9.5345% for the interest period from the interest commencement date
                                            and ending on but excluding 31 July 2023 and 10.37% for the interest
                                            periods from 31 July 2023 and ending on but excluding 7 December 2033
Interest commencement date:                 24 May 2023
Maturity date:                              7 December 2033
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 provisions relating to redemption, the early redemption
                                            at the option of the issuer, the early redemption amount and the any
                                            conditions additional to, or modified from, those set forth in the terms and
                                            conditions provisions as contained in the pricing supplement

Debt security code:                         FRS325
ISIN:                                       ZAG000196361
Type of debt security:                      Bond linked notes
Nominal issued:                             ZAR 30 000 000.00
Issue price:                                103.003% of par
Coupon rate:                   9.700% for the interest period from the interest commencement date and
                               ending on but excluding 31 July 2023 and 10.50% for the interest periods
                               from 31 July 2023 and ending on but excluding 7 December 2033
Interest commencement date:    24 May 2023
Maturity date:                 7 December 2033
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 provisions relating to redemption, the early redemption
                               at the option of the issuer, the early redemption amount and the any
                               conditions additional to, or modified from, those set forth in the terms and
                               conditions provisions as contained in the pricing supplement

Debt security code:            FRS326
ISIN:                          ZAG000196403
Type of debt security:         Bond linked notes
Nominal issued:                ZAR 40 000 000.00
Issue price:                   102.898% of par
Coupon rate:                   9.360% for the interest period from the interest commencement date and
                               ending on but excluding 31 July 2023 and 10.24% for the interest periods
                               from 31 July 2023 and ending on but excluding 7 December 2033
Interest commencement date:    24 May 2023
Maturity date:                 7 December 2033
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 provisions relating to redemption, the early redemption
                               at the option of the issuer, the early redemption amount and the any
                               conditions additional to, or modified from, those set forth in the terms and
                               conditions provisions as contained in the pricing supplement

Debt security code:            FRS327
ISIN:                          ZAG000196353
Type of debt security:         Bond linked notes
Nominal issued:                ZAR 25 000 000.00
Issue price:                   102.926% of par
Coupon rate:                   9.450% for the interest period from the interest commencement date and
                               ending on but excluding 31 July 2023 and 10.30% for the interest periods
                               from 31 July 2023 and ending on but excluding 7 December 2033
Interest commencement date:    24 May 2023
Maturity date:                 7 December 2033
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 provisions relating to redemption, the early redemption
                               at the option of the issuer, the early redemption amount and the any
                               conditions additional to, or modified from, those set forth in the terms and
                               conditions provisions as contained in the pricing supplement

Debt security code:            FRS328
ISIN:                          ZAG000196395
Type of debt security:         Bond linked notes
Nominal issued:                ZAR 25 000 000.00
Issue price:                   102.913% of par
Coupon rate:                   9.410% for the interest period from the interest commencement date and
                               ending on but excluding 31 July 2023 and 10.27% for the interest periods
                               from 31 July 2023 and ending on but excluding 7 December 2033
Interest commencement date:    24 May 2023
Maturity date:                 7 December 2033
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 provisions relating to redemption, the early redemption
                                        at the option of the issuer, the early redemption amount and the any
                                        conditions additional to, or modified from, those set forth in the terms and
                                        conditions provisions as contained in the pricing supplement


Issue date:                             24 May 2023
First interest payment date:            31 July 2023
Interest payment date(s):               31 January and 31 July of each year until 31 July 2033 and 7 December
                                        2033
Last day to register:                   By 17:00 on 26 January and 26 July of each year until 31 July 2033 and 3
                                        December 2033
Books close:                            27 January and 27 July of each year until 31 July 2033 and 3 December
                                        2033
Business day convention:                Following business day
Final maturity amount:                  100% of the aggregate nominal amount
Programme amount:                       ZAR 60 000 000 000.00
Total notes in issue under programme:   ZAR 34 232 154 440.97 as at the signature date of the FRS328
                                        pricing supplement
Dealer:                                 Rand Merchant Bank, a division of FirstRand Bank Limited




23 May 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.