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FIRSTRAND BANK LIMITED - FRS190 and FRS191 - Listing of New Financial Instruments

Release Date: 14/03/2019 16:46
Code(s): FRS191 FRS190
 
Wrap Text
FRS190 and FRS191 - Listing of New Financial Instruments

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRS190       ISIN: ZAG000157835
Bond code: FRS191       ISIN: ZAG000157827
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured index-linked notes, in terms of
its note programme (the programme) dated 29 November 2011, as amended and updated from time to time, effective
15 March 2019.

Debt security code:                          FRS190
ISIN:                                        ZAG000157835
Type of debt security:                       Index-Linked Notes
Nominal issued:                              ZAR 171 378 000.00

Debt security code:                          FRS191
ISIN:                                        ZAG000157827
Type of debt security:                       Index-Linked Notes
Nominal issued:                              ZAR 86 884 920.00

Issue date:                                  15 March 2019
Issue price:                                 100%
Coupon rate:                                 Not applicable
Interest commencement date:                  Not applicable
Interest determination date(s):              Not applicable
First interest payment date:                 Not applicable
Interest payment date(s):                    Not applicable
Last day to register:                        By 17:00 on 11 March 2020
Books close:                                 12 March 2020
Maturity date:                               16 March 2020
Final maturity amount:                       The final maturity amount is determined based on the calculation below:
                                             ILRA = ANA * [(FIL / IIL) + ARA * DC)] * (FXFVD/FXFSD)
                                             The definitions for this formula is as per the pricing supplement
Business day convention:                     Following Business Day
Other:                                       The pricing supplement contains additional terms and conditions
Summary of additional terms:                 Please refer to the increased cost of hedging and FX disruption
                                             provisions contained in the pricing supplement

Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 17 366 553 940.58
Dealer:                                      FirstRand Bank Limited, acting through its Rand Merchant Bank division


The notes will be immobilised in the Central Securities Depository and settlement will take place electronically
in terms of JSE Rules.

This note has been privately placed by FirstRand Bank Limited. Any prospective purchaser of the note should
contact FirstRand Bank Limited for details of the terms of the note. In this regard, prospective purchasers
should be aware that:

1. The note issued is subject to the terms and conditions of the pricing supplement agreed between the issuer
and the subscriber(s) for the note and the terms and conditions of the notes as set out in the programme
memorandum dated 29 November 2011, as amended and updated from time to time, in respect of the issuer’s
note programme.


2. The performance of each note issued is linked to the performance of an underlying third party entity and/or
obligation stipulated in the pricing supplement in respect of the note and accordingly, as the prospective
purchaser will assume credit exposure to both the issuer and such entity and/or obligation, the note is only
suitable for purchase by financially sophisticated investors after conducting all relevant independent
investigations. The risks pertaining to credit-linked notes generally are more fully set out in the programme
memorandum. Copies of the programme memorandum are available from the issuer.


14 March 2019

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14/03/2019 04:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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