Enhanced Investments - Financial Portal

FRB32 FRB33 - Listing of New Financial Instruments

Published: 2022-09-26 14:48:17 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRB32        ISIN: ZAG000189838
Bond code: FRB33        ISIN: ZAG000189846
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listings of its FRB32 and FRB33 unsecured tier 2 notes, in
terms of its note programme (the programme) dated 13 April 2021, as amended from time to time, effective 28
September 2022.

Debt security code:                         FRB32
ISIN:                                       ZAG000189838
Nominal issued:                             ZAR 2 296 000 000.00
Coupon rate:                                3 Month JIBAR plus 205 basis points
Maturity date:                              28 September 2032

Debt security code:                         FRB33
ISIN:                                       ZAG000189846
Nominal issued:                             ZAR 890 000 000.00
Coupon rate:                                3 Month JIBAR plus 220 basis points
Maturity date:                              28 September 2034


Type of debt security:                      Floating rate note
Issue date:                                 28 September 2022
Issue price:                                100%
Interest commencement date:                 28 September 2022
Interest determination date(s):             23 September 2022 for the first interest period and thereafter the first
                                            business day of each interest period
First interest payment date:                28 December 2022
Interest payment date(s):                   28 March, 28 June, 28 September and 28 December of each year until
                                            the maturity date
Last day to register:                       By 17:00 on 22 March, 22 June, 22 September and 22 December of each
                                            year until the maturity date
Books close:                                23 March, 23 June, 23 September and 23 December of each year until
                                            the maturity date
Business day convention:                    Following Business Day
Final maturity amount:                      100% of the nominal value subject to the applicable capital regulations
Other:                                      The pricing supplements contain additional terms and conditions to the
                                            terms and conditions as contained in the programme
Summary of additional terms:                Please refer to the other terms relating to the particular method of
                                            calculating interest, the provisions regarding redemption / maturity and
                                            the trigger event provisions contained in the pricing supplements
Programme amount:                           ZAR 100 000 000 000.00
Total notes in issue under programme:       ZAR 73 200 580 830.00 as at the signature date of the pricing
                                            supplements
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank division




26 September 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

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.
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.

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All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
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.