Enhanced Investments - Financial Portal

FRC495 - Listing of new financial instrument

Published: 2024-01-19 15:07:26 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC495       ISIN: ZAG000202581
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRC495 senior unsecured unsubordinated notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 22 January 2024.

Debt security code:                         FRC495
ISIN:                                       ZAG000202581
Type of debt security:                      Credit linked notes
Nominal issued:                             R 40 000 000.00
Issue date:                                 22 January 2024
Issue price:                                100% of par
Interest commencement date:                 22 January 2024
Coupon rate:                                3 Month JIBAR plus 300 basis points for all interest periods commencing
                                            from the issue date and ending on but excluding 31 December 2026, and
                                            9.66% for all interest periods commencing from 31 December 2026 and
                                            ending on but excluding the maturity date
Interest determination date(s):             The first business day of each interest period, with the first interest
                                            determination date being the issue date
First interest payment date:                31 March 2024
Interest payment date(s):                   31 March, 30 June, 30 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
Business day convention:                    Modified following business day
Maturity date:                              31 March 2032, subject to paragraph 51 of the pricing supplement
Final redemption amount:                    100% of the aggregate nominal amount
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 mixed rate note, the cessation of interest, 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
Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 34 668 163 522.02 as at the signature date of the pricing
                                            supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited




19 January 2024

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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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.
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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.

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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.