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SBSA-Structured Note Programme Update
The Standard Bank of South Africa Limited
Incorporated in the Republic of South Africa
(Registration number 1962/000738/06)
(“the Issuer”)
Notification of Update of the Issuer’s Structured Note Programme
In terms of paragraph 6.54 of the JSE Debt Listings
Requirements, Noteholders are advised that the Issuer’s
Structured Note Programme has been updated. The updated
document, dated 26 January 2021, which was formally approved by
the JSE on 29 January 2021, together with the “Issuer Disclosure
Schedule” and "Risk Factor & Other Disclosures Schedule" (as
such terms are described below) is available for inspection on
the Issuer’s website below:
https://reporting.standardbank.com/debt-investors/debt-securities/debt-securities/
A summary of the relevant changes to the Structured Note
Programme are as follows –
• Updated to ensure compliance with the new DLR provisions
(including the amendments effective from 30 September 2020).
• Updated description of the Issuer in a document entitled
“Issuer Disclosure Schedule” to ensure information is
current and accurate.
• Annex 1 (Additional Terms and Conditions for Credit Linked
Notes), Annex 2 (Additional Terms and Conditions for Equity
Linked Notes) and Annex 3 (Additional Terms and Conditions
for FX Linked Notes) have been updated to align with the
relevant ISDA Definitions.
• Updating risk factors and other disclosures in a document
entitled “Risk Factor & Other Disclosures Schedule relating
to The Standard Bank of South Africa Limited ZAR
60,000,000,000 Structured Note Programme” (the "Risk Factor
& Other Disclosures Schedule") in order to align with any
changes to South African law applicable to, inter alia, the
settlement, clearing and transfer of Notes, South African
exchange control and taxation, and the subscription and sale
of Notes.
• Inclusion of Annex 4 (Additional Fallback Provisions) in
order to accommodate the impending reform of certain
reference rates.
Prospective investors should study the updated Structured Note
Programme for full details of the relevant changes.
Dated 05 February 2021
Debt Sponsor – The Standard Bank of South Africa Limited
For further information please contact:
Johann Erasmus SBSA (Debt Sponsor)
Email: johann.erasmus@standardbank.co.za
Date: 05-02-2021 07:59:00
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