FIRSTRAND BANK LIMITED - FRC286 - Listing of New Financial Instrument

FRC286 - 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: FRC286
ISIN: ZAG000156548
(FRB)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured unsubordinated
inflation-linked, credit-linked notes, in terms of its note programme (the programme) dated 29 November
2011, as amended, effective 25 January 2019.

Debt security code:                          FRC286
ISIN:                                        ZAG000156548
Type of debt security:                       Inflation-linked credit-linked notes
Nominal issued:                              ZAR 18 000 000.00
Issue date:                                  25 January 2019
Issue price:                                 100%
Coupon rate:                                 3.40% nacs, with the interest amount determined by adjusting the
                                             aggregate nominal amount by the CPI adjustment for the relevant Interest
                                             payment date, and multiplying the adjusted amount by the interest rate,
                                             and dividing the result by two
Interest commencement date:                  25 January 2019
First interest payment date:                 27 February 2019
Interest payment date(s):                    27 February and 27 August of each year until maturity
Last day to register:                        By 17:00 on 22 February and 22 August of each year until maturity
Books close:                                 23 February and 23 August of each year until maturity
Business day convention:                     Modified Following Business day
Maturity date:                               27 February 2023
Base CPI                                     109.287096774
Final maturity amount:                       100% of the aggregate nominal amount, adjusted by the CPI adjustment
                                             for the maturity date, provided that if the amount so adjusted is less than
                                             the aggregate nominal amount, the final redemption amount will be the
                                             aggregate nominal amount, subject to paragraph 51 of the applicable
                                             pricing supplement
Other:                                       The pricing supplement contains additional terms and conditions
Summary of additional terms:                 Please refer to the early redemption events and credit linked notes
                                             provisions contained in the pricing supplement

Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 16 719 997 282.58
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, 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.


23 January 2019

Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 23/01/2019 12:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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