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FRC299 - Listing of New Financial Instrument
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC299
ISIN: ZAG000159575
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENT
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 21 May 2019.
Debt security code: FRC299
ISIN: ZAG000159575
Nominal issued: ZAR 100 000 000.00
Type of debt security: Credit-linked structured notes
Issue date: 21 May 2019
Issue price: 100%
Coupon rate: 3 month JIBAR plus 370 basis points
Interest commencement date: 21 May 2019
Interest determination date(s): The first Business Day of each Interest Period
First interest payment date: 20 June 2019
Interest payment date(s): 20 June, 20 September, 20 December and 20 March of each year until
the Maturity Date
Last day to register: By 17:00 on 15 June, 15 September, 15 December and 15 March of each
year until the Maturity Date
Books close: 16 June, 16 September, 16 December and 16 March of each year until
the Maturity Date
Business day convention: Modified Following Business Day
Maturity date: 20 June 2024
Final maturity amount: 100% of the aggregate nominal amount outstanding at the Maturity Date
Other: The pricing supplement contains changes to the terms and conditions as
contained in the programme
Summary of additional terms: Please refer to the redemption/payment basis, the early redemption,
credit-linked note provisions, additional terms and conditions in line 93,
Annex 1, titled “Form of Reference CDS” and Annex 2, which lists the
reference entities of the Reference CDS, contained in the pricing
supplement
Programme amount: ZAR 30 000 000 000.00
Total notes in issue under programme: ZAR 17 689 320 950.58
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.
20 May 2019
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/05/2019 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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