Enhanced Investments - Financial Portal

FRS337 FRS338 FRS339 - Listing of New Financial Instruments

Published: 2023-07-13 13:13:37 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS337       ISIN: ZAG000197682
Bond code: FRS338       ISIN: ZAG000197666
Bond code: FRS339       ISIN: ZAG000197690
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FirstRand Bank the listing of its FRS337 and FRS338 unsecured structured notes and FRS339
unsecured floating rate notes respectively, in terms of its note programme (the programme) dated 29 November
2011, as amended from time to time, effective 14 July 2023 and 17 July 2023 respectively.


Debt security code:                         FRS337
ISIN:                                       ZAG000197682
Type of debt security:                      Single index and currency linked notes
Nominal issued:                             R 80 000 000.00
Issue date:                                 17 July 2023
Issue price:                                100% of par
Last day to register:                       By 17:00 on 11 February 2027
Books close:                                12 February 2027
Business day convention:                    Following business day
Maturity date:                              16 February 2027
Final maturity amount:                      An amount in ZAR determined and calculated by the Calculation Agent
                                            equal to the Index Linked Redemption Amount:
                                            ILRA = ANA * ((FIL / IIL) + ARA * DC)) * (FXFVD/FXFSD), all definitions
                                            used in this calculation are as per 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 redemption/payment basis, the early redemption at
                                            the option of the issuer, the final and early redemption amount and the
                                            FX disruption provision contained in the pricing supplement

Debt security code:                         FRS338
ISIN:                                       ZAG000197666
Type of debt security:                      Single index and currency linked notes
Nominal issued:                             R 180 000 000.00
Issue date:                                 14 July 2023
Issue price:                                100% of par
Last day to register:                       By 17:00 on 10 July 2024
Books close:                                11 July 2024
Business day convention:                    Following business day
Maturity date:                              15 July 2024
Final maturity amount:                      An amount in ZAR determined and calculated by the Calculation Agent
                                            equal to the Index Linked Redemption Amount:
                                            ILRA = ANA * (100% + PPN * MIN(IC; MAX (FIL / IIL - 100%; 0) *
                                            FXFVD/FXFSD), all definitions used in this calculation are as per 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 redemption/payment basis, the early redemption at
                                            the option of the issuer, the final and early redemption amount, the
                                            increased cost of hedging and the FX disruption provision contained in
                                            the pricing supplement
Debt security code:                     FRS339
ISIN:                                   ZAG000197690
Type of debt security:                  Floating rate notes
Nominal issued:                         R 175 000 000.00
Issue date:                             17 July 2023
Issue price:                            100% of par
Interest commencement date:             17 July 2023
Coupon rate:                            17.97% minus 3 Month JIBAR, subject to the terms and conditions
                                        contained in paragraph 22(a) of the pricing supplement
First interest payment date:            17 October 2023
Interest determination date(s):         The first business day of each interest period, with the first interest
                                        determination date being the issue date
Interest payment date(s):               17 January, 17 April, 17 July and 17 October of each year until the
                                        maturity date
Last day to register:                   By 17:00 on 12 January, 12 April, 12 July and 12 October of each year
                                        until the maturity date
Books close:                            13 January, 13 April, 13 July and 13 October of each year until the
                                        maturity date
Business day convention:                Modified Following Business Day
Maturity date:                          17 July 2026
Final maturity amount:                  100% of par
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 manner in which interest rate is to be determined,
                                        early redemption at the option of the Issuer and the early redemption
                                        provisions contained in the pricing supplement


Programme amount:                       R 60 000 000 000.00
Total notes in issue under programme:   R 34 131 909 608.97 as at the signature date of the FRS339
                                        pricing supplement
Dealer:                                 Rand Merchant Bank, a division of FirstRand Bank Limited




13 July 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

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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.