Enhanced Investments - Financial Portal

FRC428 - Listing of New Financial Instrument

Published: 2022-08-15 09:00:33 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC428       ISIN: ZAG000188954
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRC428 senior unsecured unsubordinated notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 16 August 2022
respectively.

Debt security code:                         FRC428
ISIN:                                       ZAG000188954
Type of debt security:                      Credit linked notes
Nominal issued:                             ZAR 20 000 000.00
Issue date:                                 16 August 2022
Issue price:                                100% of par
Interest commencement date:                 16 August 2022
Coupon rate:                                3 Month JIBAR plus 304 basis points
Interest determination date(s):             The first business day of each interest period
First interest payment date:                21 September 2022
Interest payment date(s):                   21 March, 21 June, 21 September and 21 December of each year until
                                            the maturity date
Last day to register:                       By 17:00 on 16 March, 16 June, 16 September and 16 December of each
                                            year until the maturity date
Books close:                                17 March, 17 June, 17 September and 17 December of each year until
                                            the Maturity Date
Business day convention:                    Modified following business day
Maturity date:                              21 June 2027, subject to paragraph 51 of the pricing supplement
Final maturity amount:                      100% of the aggregate nominal amount, subject to paragraph 51 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 final redemption amount, 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:                           ZAR 60 000 000 000.00
Total notes in issue under programme:       ZAR 30 750 334 399.30 as at the signature date of the pricing
                                            supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited



15 August 2022

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.