Enhanced Investments - Financial Portal

FRS347 FRS347 - Listing of New Financial Instruments

Published: 2023-09-20 17:55:25 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS347            ISIN: ZAG000199555
Bond code: FRS348            ISIN: ZAG000199597
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FirstRand Bank the listings of its FRS347 and FRS348 unsecured structured notes
respectively, in terms of its note programme (the programme) dated 29 November 2011, as amended from time to
time, effective 21 September 2023 and 22 September 2023 respectively.


Debt security code:                       FRS347
ISIN:                                     ZAG000199555
Type of debt security:                    Single index notes
Nominal issued:                           R 20 000 000.00
Issue date:                               22 September 2023
Issue price:                              98.5% of par
Last day to register:                     By 17:00 on 17 September 2026 and 20 September 2029
Books close:                              18 September 2026 and 21 September 2029
Instalment dates:                         22 September 2026 and the maturity date
Instalment amounts:                       On each instalment date, an amount in ZAR determined and calculated
                                          by the calculation agent as per the pricing supplement
Maturity date:                            25 September 2029
Final maturity amount:                    As determined by the calculation agent in accordance with paragraph 44.
                                          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 redemption/payment basis, the final and early
                                          redemption amounts, and the additional disclaimer contained in the
                                          pricing supplement

Debt security code:                       FRS348
ISIN:                                     ZAG000199597
Type of debt security:                    Single index and currency linked notes
Nominal issued:                           R 110 000 000.00
Issue date:                               21 September 2023
Issue price:                              100% of par
Last day to register:                     By 17:00 on 16 September 2028
Books close:                              17 September 2028
Maturity date:                            21 September 2028
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 amounts and the
                                          FX disruption provisions contained in the pricing supplement

THE BELOW SECTION IS APPLICABLE TO BOTH THE FRS347 AND FRS348 NOTES ABOVE:
Business day convention:                Following business day
Programme amount:                       R 60 000 000 000.00
Total notes in issue under programme:   R 35 432 703 158.97 as at the signature date of the FRS348
                                        pricing supplement, which takes into consideration both the
                                        FRS347 and FRS348 notes
Dealer:                                 Rand Merchant Bank, a division of FirstRand Bank Limited



20 September 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.