THE STANDARD BANK OF SOUTH AFRICA LIMITED - Announcement of amendments - CLN406

Announcement of amendments - CLN406

THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER
1962/000738/06) – Announcement of amendments in respect of
CLN406


NOTICE IS GIVEN TO ALL HOLDERS OF CLN406 ZAR20,672,579.29
iTRAXX® EUROPE CROSSOVER SERIES 23 LISTED NOTE DUE 20 JUNE 2020
(Stock Code: CLN406 and ISIN Code: ZAG000127135) (the “Note”)
issued in terms of The Standard Bank of South Africa Limited’s
Structured Note Programme (the “Programme”)) on 11 June 2015.
Capitalised terms used and not otherwise defined in this
announcement have the meaning given to them in the Pricing
Supplement of the Note, as read with the Programme Memorandum.
Pursuant to the Bankruptcy Credit Event which occurred in
respect of Top Gun Realisations 61 Limited (formerly New Look
Bondco I Limited and formerly New Look Bondco I PLC) (“Top
Gun”), as advised in an announcement dated 6 September 2019, the
Affected Portion (being the Portion relating to Top Gun) will be
amended in the Pricing Supplement as follows:
1.   the Aggregate Nominal Amount will not be amended;
2.   the Nominal   Amount   of   the   Affected   Portion   will   not   be
     amended;
3.   the Margin of the Affected Portion is amended to: 0.50%; and
4.   the record date is 18 September 2019.
Notice is given to Noteholders for information purposes only.
No action is required by Noteholders.
Dated 18 September 2019
Sponsor – The Standard Bank of South Africa Limited
For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 18/09/2019 04:00:00
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