FIRSTRAND BANK LIMITED - FRS295 FRS296 - Listing of new Financial Instruments

FRS295 FRS296 - Listing of new Financial Instruments

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS295       ISIN: ZAG000184425
Bond code: FRS296       ISIN: ZAG000184482
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listing of its FRS295 senior unsecured unsubordinated
notes and FRS296 senior unsecured currency-linked notes respectively, in terms of its note programme (the
programme) dated 29 November 2011, as amended from time to time, effective 14 March 2022.

Debt security code:                         FRS295
ISIN:                                       ZAG000184425
Type of debt security:                      Fixed rate notes
Nominal issued:                             ZAR 25 000 000.00
Coupon rate:                                9.450% nacs
First interest payment date:                31 July 2022
Interest payment date(s):                   31 January and 31 July of each year until the Maturity Date
Last day to register:                       By 17:00 on 26 January and 26 July of each year until the
                                            Maturity Date
Books close:                                27 January and 27 July of each year until the Maturity Date
Business day convention:                    Modified Following Business Day
Maturity date:                              31 January 2030
Final maturity amount:                      100% of the Aggregate Nominal Amount
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 reference bond early redemption event, the early
                                            redemption at the option of the issuer, the early redemption amount and
                                            the reference bond and hedging disruption provisions contained in the
                                            pricing supplement

Debt security code:                         FRS296
ISIN:                                       ZAG000184482
Type of debt security:                      Currency-Linked Notes
Nominal issued:                             ZAR 11 562 438.00
Coupon rate:                                The interest amount will be equal to an amount determined and
                                            calculated by the calculation agent in accordance with the following
                                            formula:
                                            IA = ANA * SF * DCF * Max(0, OI – RI) * FX
                                            The definitions for this formula is as per the pricing supplement
Interest determination date(s):             The first Business Day of each Interest Period
First interest payment date:                14 June 2022
Interest payment date(s):                   14 March, 14 June, 14 September and 14 December in each year until
                                            the Maturity Date
Last day to register:                       By 17:00 on 9 March, 9 June, 9 September and 9 December in each year
                                            until the Maturity Date
Books close:                                10 March, 10 June, 10 September and 10 December in each year until
                                            the Maturity Date
Maturity date:                              14 March 2027
Final maturity amount:                      The final redemption amount will be equal to an amount determined and
                                            calculated by the calculation agent in accordance with the following
                                            formula:
                                            FRA = ANA * (1 + (1 / FSF)) * FX1 / FX0
                                            The definitions for this formula is as per the pricing supplement
Other:                                      The pricing supplement contains additional terms and conditions
Summary of additional terms:                Please refer to the redemption / payment basis, the manner in which the
                                            interest amount and final redemption amount are calculated, , the early
                                            redemption amount and the fallback provisions for cessation of floating
                                            rate option as contained in the pricing supplement
Business day convention:                    Following Business Day


Issue date:                                14 March 2022
Issue price:                               100% of par
Interest commencement date:                14 March 2022
Programme amount:                          ZAR 30 000 000 000.00
Total notes in issue under programme:      ZAR 27 893 073 600.57 as at the signature date of the FRS296
                                           pricing supplement
Dealer:                                    FirstRand Bank Limited, acting through its Rand Merchant Bank division



11 March 2022

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

Date: 11-03-2022 12:57:00
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