THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited - New Listing of AMC007

The Standard Bank of South Africa Limited - New Listing of AMC007

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “AMC007”

Stock Code: AMC007
ISIN Code: ZAE000327896

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – AMC007 Actively Managed Certificates due
30 September 2033 - sponsored by The Standard Bank of South
Africa Limited (“the Issuer”) under its Structured Note
Programme (“the Programme”) dated 26 January 2021 which can be
found on the Issuer’s website.

Authorised Programme size           ZAR120 000 000 000
Total notes issued                  ZAR76 501 853 379.52

Full Note details are as follows:
Issue Date:                         29 September 2023
Nominal Issued:                     ZAR100 000 000
Redemption Basis:                   Linked to the actively
                                    managed High Street Wealth
                                    Warriors High Equity
                                    Portfolio which may at any
                                    time comprise long
                                    positions in shares,
                                    exchange traded funds
                                    (ETFs), and Notes which
                                    reference fixed income
                                    securities, which are
                                    listed on any Recognised
                                    Exchange located in (i) the
                                    United States of America,
                                    (ii) Canada, (iii) The
                                    Netherlands, (iv) Federal
                                    Republic of Germany (v)
                                    Switzerland (Swiss
                                    Confederation, (vi) the
                                    London Stock Exchange,
                                    (vii) the Australian Stock
                                    Exchange, (viii) the
                                    Johannesburg Stock
                                    Exchange, and any other
                                    Recognised Exchange on
                                    which the Issuer may in
                                    future establish Hedge
                                    Positions in respect of
                                    Reference Components. The
                                    investment strategy of the
                                    Reference Portfolio
                                    Manager, Highstreet Asset
Management Proprietary
Limited, is to aim that the
majority of the Reference
Portfolio’s Reference
Components comprises the
constituent components of
the iShares MSCI World
Index ETF, however the
Reference Portfolio Manager
may use its discretion to
invest in Reference
Components not included in
the iShares MSCI World
Index ETF, to take
advantage of specific
investment opportunities.
The iShares MSCI World
Index ETF seeks to track
the investment results of
an underlying index, the
MSCI World Index composed
of developed market
equities. The underlying
index is designed to
measure the performance of
equity securities in the
top 85% of equity market
capitalisation, as
calculated by the index
provider, in certain
developed market countries.
The underlying index may
include large-, mid- or
small capitalisation
companies. Constituents of
the underlying index
primarily include
financials, healthcare, and
information technology
companies. The constituents
of the underlying index,
and the degree to which
these components represent
certain industries, are
likely to change over time.
comprising developed market
equity securities. The
Reference Portfolio does
not have any specific
industry or market focus
and may in its sole
discretion obtain exposure
to one or more different
industry sectors or
markets.
The investment process of
the Reference Portfolio
Manager utilises various
data sources (including,
but not limited to:
Bloomberg Professional
Terminal, Statista Premium
Subscription, Similar Web
and other paid industry
research reports) on topics
such as global economic
conditions, asset class
valuations, and political
and social trends to
identify trending changes
in both behaviour and the
environment within the
global economy. Changes are
driven predominantly, but
not exclusively, by
innovation and
technological advancement
and their effects on
economic and social
behaviour. A particular
focus is placed on
disruptive changes to
conventional industries and
their resulting effect on
established competitive
forces. Identified trending
changes are analysed and
assessed to determine which
sectors, subsectors and
individual securities
within the global economy
are most probable to
benefit from their
persistence and/or
acceleration. Individual
securities are selected on
a relative basis (that is,
their valuation relative to
the market) from within
sectors and subsectors
expected to benefit from
identified trending changes
using fundamental criteria
(such as above-market
growth rates of revenue
and/or earnings, dominant
market position leading to
sustainable profit margins,
limited use of balance
sheet leverage and highly
competent leadership). The
investment strategy of the
Reference Portfolio Manager
Fund is classified as
‘aggressive’ due to the
ability of the Reference
Portfolio Manager to adopt
a narrow range of sector
focus, notwithstanding the
global focus applied to the
Reference Portfolio. It is
anticipated that large
positions may be allocated
by the Reference Portfolio
Manager into investments
with a higher perceived
surety of outcome, as
determined by the Reference
Portfolio Manager.
Concentrated holdings in
correlated sectors may lead
to short-term volatility in
the Reference Portfolio.
The High Street Wealth
Warriors High Equity
Portfolio is suitable for
long term investors,
targeting capital growth
through investment in
global equity assets, but
wish to invest and retain
the investment denominated
in South Africa Rand.
Holders of this set of AMCs
must be willing to tolerate
a potentially higher level
of volatility and must have
an investment time horizon
of five years or longer.
The Reference Components of
this set of AMCs typically
                                   exhibit more volatility
                                   given their high exposure
                                   to the equity markets,
                                   which may result in capital
                                   losses.
Issue Price:                       100 000 ZA cents per AMC
Number of AMCs:                    100 000 AMCs
Declaration Date:                  12 September 2033, subject
                                   to Preceding Business Day
                                   Convention.
Last Date to Trade:                26 September 2033, subject
                                   to Preceding Business Day
                                   Convention.
Suspension Date:                   27 September 2033
Record Date:                       29 September 2033
Maturity Date:                     30 September 2033, subject
                                   to adjustments as detailed
                                   in the Pricing Supplement.
De-Listing Date:                   03 October 2033
Business Day Convention:           Preceding Business Day
Placement Agent:                   The Standard Bank of South
                                   Africa Limited

These Notes will be cash settled to holders of the AMCs on the
Maturity Date specified above.

Additional Terms and Conditions: Prospective holders of these
AMCs must read the Pricing Supplement for full details of the
specific terms and conditions applicable to this specific set
of AMCs.

The AMCs will be deposited in the Central Securities
Depository (“CSD”) and settlement will take place
electronically in terms of JSE Rules.


Dated: 29 September 2023
Sponsor – The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 29-09-2023 08:45:00
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