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NewUSD/ NewGBP/ NewEUR - Technical amendment of Pricing Supplements
ABSA BANK LIMITED - NEWWAVE EXCHANGE TRADED NOTES UNDER THE NEWWAVE
EXCHANGE TRADED NOTE PROGRAMME ("NEWWAVE NOTES" or "ETNS")
(REGISTRATION NUMBER: 1986/004794/06)
ISIN: ZAE000079810
Issuer code: ABSA
NEWWAVE US DOLLAR EXCHANGE TRADED NOTES
(“USD Notes”)
Share code: NEWUSD
ISIN: ZAE000162608
NEWWAVE POUND STERLING EXCHANGE TRADED NOTES
(“GBP Notes”)
Share Code: NEWGBP
ISIN: ZAE000162558
NEWWAVE EURO EXCHANGE TRADED NOTES
(“EURO Notes”)
Share Code: NEWEUR
ISIN: ZAE000162541
TECHNICAL AMENDMENT OF PRICING SUPPLEMENTS
Introduction
Investors are advised that the definition of “Interest rate Spread” and “Interest Rate” in each of the
Pricing Supplements applicable to the USD, GBP and EURO Notes (collectively, the “Pricing
Supplements”) has been amended, pursuant to JSE Limited approval thereto, by the deletion of the
former definition in its entirety and its replacement in its entirety as follows:
“Interest Rate Spread: a market related interest rate spread subject to changing
market conditions, being 10 basis points or 0.10% or 0.0010
at the time of listings fixed for the Interest Period and
published on the website, www.absacapitaletfs.com. Should
the Interest Rate Spread change (whilst Euro Overnight
LIBOR is greater than the Interest Rate Spread), the Issuer
shall provide Investors with notice of such change no less
than one month prior to such change being effective, such
notice to be given on the website and via SENS. If, at any
time, Euro Overnight LIBOR is less than the Interest Rate
Spread, such Interest Rate Spread shall automatically be
decreased or increased without any notice such that the
Interest Rate is never a value less than zero;
Interest Rate: Euro Overnight LIBOR minus the Interest Rate Spread
subject to a minimum of zero;”
The amendment is of a minor and technical nature.
Motivation for the amendment
Currently, interest rates are relatively low compared to levels seen historically and in certain
instances, less than the current Interest Rate Spreads. The amendment will ensure that when the
Interest Rate is less than the Interest Rate Spread, the Interest Rate Spread will be adjusted such that
the interest earned will never be less than zero. The amendment is accordingly in the best interests of
investors as they will not earn any negative interest.
Availability of documentation
Copies of the Amendment Letter in terms of which the Pricing Supplements have been amended,
may be obtained during normal business hours from the Absa Capital, Investments team, 15 Alice
Lane, Sandton (+27 11 895 5517) or on the website (www.absacapitaletfs.com).
Additional information:
Number of securities in issue at
12 September 2012 Tax reference
NEWUSD 1335177 9575117719
NEWGBP 258030 9575117719
NEWEUR 256648 9575117719
13 September 2012
Sponsor
Absa Capital
(the investment banking division of Absa Bank Limited, affiliated with Barclays)
Date: 13/09/2012 11:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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