FIRSTRAND BANK LIMITED - FRS228 - Listing of New Financial Instrument

FRS228 - 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: FRS228
ISIN: ZAG000169913
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited (JSE) has granted FRB the listing of its unsecured structured notes, in terms of its note programme
(the programme) dated 29 November 2011, as amended from time to time, effective 7 August 2020.


Debt security code:                          FRS228
ISIN:                                        ZAG000169913
Type of debt security:                       Single index and currency linked notes
Nominal issued:                              ZAR 166 000 000.00
Issue date:                                  7 August 2020
Issue price:                                 100%
Coupon rate:                                 4.5% per annum payable semi-annually in arrears
Fixed coupon amount:                         An amount in ZAR determined and calculated by the Calculation Agent in
                                             accordance with the following formula:
                                                  ANA * FC * DC * (FXFID/FXFSD)
                                             All definitions used in this calculation are as per the pricing supplement
Interest commencement date:                  7 August 2020
First interest payment date:                 7 February 2021
Interest payment date(s):                    7 February and 7 August of each year until the Maturity Date
Last day to register:                        By 17:00 on 2 February and 2 August of each year until the Maturity Date
Books close:                                 3 February and 3 August of each year until the Maturity Date
Business day convention:                     Following Business Day
Maturity date:                               7 August 2025
Final maturity amount:                       An amount in ZAR determined and calculated by the Calculation Agent
                                             equal to the Index Linked Redemption Amount:
                                                 ILRA = ANA * ((FIL / IIL) - CP)) * (FXFVD/FXFSD)
                                             All definitions used in this calculation 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 fixed rate note, early redemption, no obligation to
                                             redeem, 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 22 948 797 737.99 as at the signature date of the pricing
                                             supplement
Dealer:                                      Rand Merchant Bank, a division of FirstRand Bank Limited



03 August 2020

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

Date: 03-08-2020 10:04:00
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