Enhanced Investments - Financial Portal

FRC501 - Listing of New Financial Instrument

Published: 2024-03-19 17:30:27 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC501       ISIN: ZAG000203977
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRC501 senior unsecured unsubordinated notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 20 March 2024.

Debt security code:                         FRC501
ISIN:                                       ZAG000203977
Type of debt security:                      Credit linked notes
Nominal issued:                             R 25 000 000.00
Issue date:                                 20 March 2024
Issue price:                                119.37872% of par
Interest commencement date:                 20 March 2024
Coupon rate:                                2.25% percent per annum payable semi-annually on the adjustment
                                            nominal amount, as per paragraph 21 of the pricing supplement
First interest payment date:                31 July 2024
Interest payment date(s):                   31 January and 31 July of each year until the maturity date
Last day to register:                       By 17:00 on 26 January and 26 July of each year until the maturity date
Books close:                                27 January and 27 July of each year until the maturity date
Business day convention:                    Modified following business day
Maturity date:                              31 January 2038, subject to paragraph 51 of the pricing supplement
Final maturity amount:                      As determined in accordance with paragraph 36 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 fixed rate note provisions,
                                            the reference obligation early redemption event, the early redemption at
                                            the option of the issuer, the early redemption and final redemption
                                            amounts 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 37 293 292 092.02 as at the signature date of the pricing
                                            supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited



19 March 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

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.
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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.