Enhanced Investments - Financial Portal

FRS371 - Listing of New Financial Instrument

Published: 2024-03-19 17:10:19 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS371       ISIN: ZAG000204033
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its FRS371 senior unsecured unsubordinated
structured notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from time
to time, effective 25 March 2024.

Debt security code:                         FRS371
ISIN:                                       ZAG000204033
Type of debt security:                      Floating rate note
Nominal issued:                             R 30 000 000.00
Issue date:                                 25 March 2024
Issue price:                                100% of par
Interest commencement date:                 25 March 2024
Coupon rate:                                3 month JIBAR plus 185 basis points
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:                25 June 2024
Interest payment date(s):                   25 March, 25 June, 25 September and 25 December of each year until
                                            the maturity date
Last day to register:                       By 17:00 on 20 March, 20 June, 20 September and 20 December of each
                                            year until the maturity date
Books close:                                21 March, 21 June, 21 September and 21 December of each year until
                                            the maturity date
Business day convention:                    Modified Following Business Day
Maturity date:                              25 March 2027
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 reference bond early redemption event, the early
                                            redemption at the option of the issuer, the early and final redemption
                                            amounts, the reference bond and hedging disruption provisions contained
                                            in the pricing supplement
Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 37 293 292 092.52 as at the signature date of the pricing
                                            supplement
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank division


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

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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.