FIRSTRAND BANK LIMITED - FRC228-New Instrument Listing

FRC228-New Instrument Listing

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN: ZAG000124397
(FRB)

LISTING OF NEW INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of
its FRC228 Credit Linked Notes, in terms of its ZAR30 000 000 000
Note Programme dated 29 November 2011.

INSTRUMENT TYPE:             Credit Linked Note
Total Notes in Issue:        ZAR 12,780,027,069.00

Instrument Code:             FRC228
Nominal Issued:              R170,000,000.00
Issue Price:                 100.00%
Interest Rate:               7.318% (3 Month JIBAR as at 16 March 2015
                             of 6.108% plus 121bps)
Coupon Rate Indicator:       Floating
Issue Date:                  16 March 2015
Interest Commencement Date: 16 March 2015
First Interest Payment Date: 16 June 2015
Maturity Date:               16 September 2016
Last day to Register:        By 17:00 on 11 June, 11 September,
                             11 December and 11 March
Books Close:                 12 June, 12 September, 12 December and
                             12 March
Interest Payment Date:       16 June, 16 September, 16 December and
                             16 March
ISIN:                        ZAG000124397
Business Day Convention:     Modified Following Business Day

The Notes will be immobilised in the Central Depository (“CSD”) 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 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.

16 March 2015

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 16/03/2015 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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