Enhanced Investments - Financial Portal

FRII - Listing of New Financial Instruments

Published: 2023-06-09 17:47:19 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC476       ISIN: ZAG000196882
Bond code: FRC477       ISIN: ZAG000196874
Bond code: FRC478       ISIN: ZAG000196924
Bond code: FRC479       ISIN: ZAG000196916
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FirstRand Bank Limited the listings of its FRC476, FRC477, FRC478 and FRC479 senior
unsecured unsubordinated notes, in terms of its note programme (the programme) dated 29 November 2011, as
amended from time to time, effective 12 June 2023.

Debt security code:                         FRC476
ISIN:                                       ZAG000196882
Nominal issued:                             R 143 000 000.00
Coupon rate:                                15.524% – 3 Month JIBAR, as determined in accordance with paragraph
                                            22 of the pricing supplement from the interest commencement date until
                                            but excluding 20 June 2026 and 10.04% from 20 June 2026 until but
                                            excluding the maturity date
Interest determination date(s):             The first business day of each floating interest period, with the first
                                            interest determination date being the issue date
First interest payment date:                20 September 2023
Interest payment date(s):                   20 March, 20 June, 20 September and 20 December in each year until
                                            the maturity date and the maturity date
Last day to register:                       By 17:00 on 15 March, 15 June, 15 September and 15 December in each
                                            year until the maturity date and 2 December 2033
Books close:                                16 March, 16 June, 16 September and 16 December in each year until
                                            the maturity date and 3 December 2033
Maturity date:                              7 December 2033, subject to paragraph 51 of the pricing supplement
Business day convention:                    Modified Following Business Day
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 manner in which the interest
                                            rate(s) is to be determine, the mixed rate note, the net asset value event
                                            and/or the 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:                         FRC477
ISIN:                                       ZAG000196874
Nominal issued:                             R 92 850 000.00
Coupon rate:                                15.394% – 3 Month JIBAR, as determined in accordance with paragraph
                                            22 of the pricing supplement from the interest commencement date until
                                            but excluding 20 June 2026 and 10.13% from 20 June 2026 until but
                                            excluding the maturity date
Interest determination date(s):             The first business day of each floating interest period, with the first
                                            interest determination date being the issue date
First interest payment date:                20 September 2023
Interest payment date(s):                   20 March, 20 June, 20 September and 20 December in each year until
                                            the maturity date and the maturity date
Last day to register:                       By 17:00 on 15 March, 15 June, 15 September and 15 December in each
                                            year until the maturity date and 2 December 2033
Books close:                   16 March, 16 June, 16 September and 16 December in each year until
                               the maturity date and 3 December 2033
Maturity date:                 7 December 2033, subject to paragraph 51 of the pricing supplement
Business day convention:       Modified Following Business Day
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 manner in which the interest
                               rate(s) is to be determine, the mixed rate note, the net asset value event
                               and/or the 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:            FRC478
ISIN:                          ZAG000196924
Nominal issued:                R 92 850 000.00
Coupon rate:                   8.38%
First interest payment date:   7 September 2023
Interest payment date(s):      7 March, 7 June, 7 September and 7 December in each year until the
                               maturity date
Last day to register:          By 17:00 on 2 March, 2 June, 2 September and 2 December in each year
                               until the maturity date
Books close:                   3 March, 3 June, 3 September and 3 December in each year until the
                               maturity date
Maturity date:                 7 December 2033, subject to paragraph 51 of the pricing supplement
Business day convention:       Following Business Day
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
                               the 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:            FRC479
ISIN:                          ZAG000196916
Nominal issued:                R 143 000 000.00
Coupon rate:                   8.08%
First interest payment date:   30 June 2023
Interest payment date(s):      31 March, 30 June, 31 September and 31 December in each year until
                               the maturity date
Last day to register:          By 17:00 on 26 March, 25 June, 25 September and 26 December in each
                               year until the maturity date
Books close:                   27 March, 26 June, 26 September and 27 December in each year until
                               the maturity date
Maturity date:                 31 March 2032, subject to paragraph 51 of the pricing supplement
Business day convention:       Modified Following Business Day
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
                               the 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

Type of debt security:         Credit linked notes
Issue date:                    12 June 2023
Issue price:                   100% of par
Interest commencement date:    12 June 2023
Final maturity amount:         100% of the aggregate nominal amount
Programme amount:              ZAR 60 000 000 000.00
Total notes in issue under programme:   ZAR 34 443 023 740.97, as at the signature date of the FRC479
                                        pricing supplement
Dealer:                                 Rand Merchant Bank, a division of FirstRand Bank Limited


9 June 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.