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New Financial Instrument Correction Listing Announcement - “SSN242” - Amendment
The Standard Bank of South Africa Limited
New Financial Instrument Correction Listing Announcement -
“SSN242”- Amendment
Stock Code: SSN242
ISIN Code: ZAG000229576
The JSE Limited has granted a listing to Th e Standard Bank of
South Africa Limited – SSN242 Senior Unsecured Floating Rate
Notes due 28 February 2035 - sponsored by The Standard Bank of
South Africa Limited, under its Structured Note Programme.
This announcement replaces the announcement made on this issue
on the 19th of October 2026.
Authorised Programme size ZAR150,000,000,000
Total notes issued ZAR 133,684,460,830.82
(including current issue)
Full Note details are as
follows:
Issue Date: 20 October 2026
Nominal Issued: ZAR90,000,000
Interest Rate: The greater of (i) the Coupon
Rate and (ii) zero
Coupon Rate: Margin minus the Reference
Rate
Reference Rate: Compounded Daily ZARONIA
(Lookback without Observation
Shift)
Margin 16.86%
Coupon Indicator: Floating Rate
Final Redemption Amount
Means the amount calculated by
the Calculation Agent in
accordance with the following
formula:
A – (– B + C)
WHERE:
A means the Nominal Amount,
B means, the sum of the amount
determined in accordance with
the following formula in
respect of the Interest Period
in which the Coupon Rate is
determined to be negative:
X × Y × (Z ÷ 365)
WHERE:
X means the Nominal Amount,
Y means the Coupon Rate ,
Z means the number of days for
that Interest Period
C means the sum of the cost of
funding of each amount
determined under B above, in
each case determined with
reference to the interest rate
quoted by the Issuer in respect
of unsecured deposits having a
maturity which most closely
matches the remaining term of
the Note from the end of the
relevant Interest Period to
the Scheduled Maturity Date.
Interest Determination Dates: The 5th (fifth) Johannesburg
Business Day prior to each
Interest Payment Date.
Trade Date: 13 October 2026.
Issue Price: 100%
Maturity Date: 28 February 2035
Interest Commencement Date: Issue Date
First Interest Payment Date: 30 November 2026
Interest Payment Dates: Each 30 November, 28 February,
31 May and 31 August, with the
first Interest Payment Date
being 30 November 2026 (and
during a leap year, the
Interest Payment Date will be
29 February rather than 28
February), or if such day is
not a Business Day, the
Business Day on which the
interest will be paid, as
determined in accordance with
the applicable Business Day
Convention (as specified in
this Applicable Pricing
Supplement).
Business Day Count/Convention: Following Business Day
Convention.
Books Close: Not Applicable
Last day to register: 17h00 on 29 November, 27
February, 30 May and 30 August
of each year, (and during a
leap year, the Last Day to
Register will be 28 February
rather than 27 February) or if
such day is not a Business Day,
the Business Day before each
Interest Payment Date until
the Maturity Date.
Other Provisions: For the purposes of the Tranche
of Notes to which this
Applicable Pricing Supplement
applies, a new Condition 6.9
(Benchmark Discontinuation) as
set out in Schedule 2
(Benchmark Discontinuation) of
this Applicable Pricing
Supplement shall be inserted
into the Terms and Conditions.
Further, Condition 6.2.4
(Screen Rate Determination
including fallback provisions)
shall not apply to the Notes
notwithstanding that Screen
Rate Determination is
specified as the manner in
which the Interest Rate is to
be determined, and the
Interest Rate shall be
determined in accordance with
Schedule 1 (Screen Rate
Determination for Floating
Rate Notes referencing
Compounded Daily ZARONIA
(Lookback Without Observation
Shift)).
Additional Risk Factors: The Risk Factors set out in
Schedule 3 (Additional Risk
Factors Relating to ZARONIA)
of this Applicable Pricing
Supplement apply to the
Tranche of Notes to which this
Applicable Pricing Supplement
applies. Prospective investors
are to ensure that they have
read Schedule 3 (Additional
Risk Factors Relating to
ZARONIA) as well as the
detailed information set out
in the Programme Memorandum to
reach their own views prior to
making any investment
decision.
Placement Agent: The Standard Bank of South
Africa Limited.
Debt Security subject to Not Applicable.
guarantee; security or credit
enhancement:
Additional Terms and Conditions: Investors should study the
Pricing Supplement for full details of the specific terms and
conditions applicable to this specific issuance.
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
Dated 28 October 2026
Sponsor – The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
SBSA (Sponsor)
Email: ExchangeTradedFunds@standardbank.co.za
Date: 28/10/2026 03:44:00
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