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ABSA BANK LIMITED - AMB301 - Redemption of note due to autocall

Release Date: 08/11/2019 16:45
Code(s): AMB301     PDF:  
 
Wrap Text
AMB301 - Redemption of note due to autocall

ABSA BANK LIMITED
(Registration number 1986/004794/06)
JSE Alpha Code: AMB301
ISIN: ZAE000267621

REDEMPTION OF ASN301 FINANCIAL INSTRUMENT

In terms of paragraphs 24(b) of the Applicable Pricing Supplement, the Anniversary Index Level on 01 November 2019
was greater than the Anniversary Autocall Level, triggering an Autocall Event resulting in an automatic Early Redemption
and termination. Accordingly, the AMB301 note will be suspended from trading effective 13 November 2019 and redeem
and automatically terminate with effect from 19 November 2019.

JSE Short Code                                         ABMBSN301
JSE Alpha Code                                         AMB301
JSE Long Code                                          ABMBSN301-15November2024
ISIN                                                   ZAE000267621
Issue Size                                             32,000
Capital Redemption rate (per unit)                     R1,000
Interest Payment rate (per unit)                       R16.00
Record Date                                            15 November 2019
Last Date to Trade                                     12 November 2019
Suspension Date                                        13 November 2019
Payment Date                                           18 November 2019
Termination Date                                       19 November 2019

Following the full redemption, there will be RNil AMB301 Notes in issue. Settlement will happen outside of Strate.

8 November 2019

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 08/11/2019 04:45:00
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