FRC293 and FRC294 - Listing of New Financial Instruments
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC293 ISIN: ZAG000158783
Bond code: FRC294 ISIN: ZAG000158791
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured unsubordinated
credit-linked notes, in terms of its note programme (the programme) dated 29 November 2011, as amended and
updated from time to time, effective 18 April 2019.
Debt security code: FRC293
ISIN: ZAG000158783
Nominal issued: ZAR 40 000 000.00
Coupon rate: 3 month JIBAR plus 132.5 basis points
Debt security code: FRC294
ISIN: ZAG000158791
Nominal issued: ZAR 40 000 000.00
Coupon rate: 3 month JIBAR plus 122.5 basis points
Type of debt security: Credit-linked notes
Issue date: 18 April 2019
Issue price: 100%
Interest commencement date: 18 April 2019
Interest determination date(s): The first business day of each interest period
First interest payment date: 18 July 2019
Interest payment date(s): 18 January, 18 April, 18 July and 18 October of each year until
maturity
Last day to register: By 17:00 on 13 January, 13 April, 13 July and 13 October of each
year until maturity
Books close: 14 January, 14 April, 14 July and 14 October of each year until
maturity
Business day convention: Modified Following Business Day
Maturity date: 18 April 2021
Final maturity amount: 100% of the aggregate nominal amount
Other: The pricing supplement contains changes to the terms and
conditions as contained in the programme
Summary of additional terms: Please refer to the early redemption and credit-linked note
provisions contained in the pricing supplement
Programme amount: ZAR 30 000 000 000.00
Total notes in issue under programme: ZAR 17 854 053 940.58
Dealer: FirstRand Bank Limited, acting through its Rand Merchant Bank
division
The notes will be immobilised in the Central Securities Depository and settlement will take place electronically in
terms of JSE Rules.
This note has been privately placed by FirstRand Bank Limited. Any prospective purchaser of the note should
contact FirstRand Bank Limited for details of the terms of the note. In this regard, prospective purchasers should
be aware that:
1. The note issued is subject to the terms and conditions of the pricing supplement agreed between the issuer
and the subscriber(s) for the note and the terms and conditions of the notes as set out in the programme
memorandum dated 29 November 2011, as amended and updated from time to time, in respect of the issuer’s
note programme.
2. The performance of each note issued is linked to the performance of an underlying third party entity and/or
obligation stipulated in the pricing supplement in respect of the note and accordingly, as the prospective
purchaser will assume credit exposure to both the issuer and such entity and/or obligation, the note is only
suitable for purchase by financially sophisticated investors after conducting all relevant independent
investigations. The risks pertaining to credit-linked notes generally are more fully set out in the programme
memorandum. Copies of the programme memorandum are available from the issuer.
17 April 2019
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/04/2019 07:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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