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FRS211 - Listing of New Financial Instrument
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS211
ISIN: ZAG000165762
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE Limited has granted FRB the listing of its senior unsecured unsubordinated structured notes, in
terms of its note programme (the programme) dated 29 November 2011, as amended from time to time,
effective 21 January 2020.
Debt security code: FRS211
ISIN: ZAG000165762
Type of debt security: Structured notes
Nominal issued: ZAR 3 949 085
Issue date: 21 January 2020
Issue price: 113.59% %
Coupon rate: 3 month JIBAR
Interest commencement date: 21 January 2020
Interest determination date(s): 20 March 2020, 20 June 2020 and 20 September 2020, with the first
interest determination date being 21 January 2020
First interest payment date: 20 March 2020
Interest payment date(s): 20 March 2020, 20 June 2020, 20 September 2020 and 20 December
2020
Last day to register: By 17:00 on 15 March 2020, 15 June 2020, 15 September 2020 and 15
December 2020
Books close: 16 March 2020, 16 June 2020, 16 September 2020 and 16 December
2020
Business day convention: Modified Following Business Day
Maturity date: 20 December 2020
Final maturity amount: The maximum of:
a) zero, and
b) 100% of the Aggregate Nominal Amount plus the Additional
Redemption Amount.
“Additional Redemption Amount” means an amount (positive or negative)
determined in accordance with the following formula:
Nominal * Participation * V * FXT
Where:
i. Nominal = Aggregate Nominal Amount;
ii. Participation = 0.52610;
iii. FXT is the USDZAR spot exchange rate 4 Business Days
prior to the Maturity Date; and
iv. V is the mark to market bid value of the Reference Credit
Default Swap (expressed as a percentage of the Fixed
Amount) 4 (four) Business Days prior to the Maturity Date as
determined by the Calculation Agent.
All definitions used in this formula are as per the pricing supplement
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 early redemption provisions and the definition of Final
Redemption Amount in the pricing supplement
Programme amount: ZAR 30 000 000 000.00
Total notes in issue under programme: ZAR 26 035 983 896.57
Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
20 January 2020
Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa
Date: 20-01-2020 11:58:00
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