Enhanced Investments - Financial Portal

FRC445 - Listing of New Financial Instrument

Published: 2022-10-26 18:31:22 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC445
ISIN: ZAG000191396
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRC445 senior unsecured unsubordinated notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 28 October 2022.

Debt security code:                          FRC445
ISIN:                                        ZAG000191396
Type of debt security:                       Credit linked notes
Nominal issued:                              ZAR 350 000 000.00
Issue date:                                  28 October 2022
Issue price:                                 100% of par
Interest commencement date:                  28 October 2022
Coupon rate:                                 3 Month JIBAR plus 220 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:                 29 January 2023
Interest payment date(s):                    29 January 2023, 29 April 2023, 29 July 2023 and the Maturity Date
Last day to register:                        By 17:00 on 24 January 2023, 24 April 2023, 24 July 2023 and 23
                                             October 2023
Books close:                                 25 January 2023, 25 April 2023, 25 July 2023 and 24 October 2023
Business day convention:                     Modified following business day
Maturity date:                               28 October 2023
Final maturity amount:                       100% of the outstanding 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 cessation of interest, the reference obligation early
                                             redemption event, 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 31 798 175 974.30 as at the signature date of the pricing
                                             supplement
Dealer:                                      Rand Merchant Bank, a division of FirstRand Bank Limited



26 October 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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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.