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FRC290 and FRS189 - 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: FRC290 ISIN: ZAG000157447
Bond code: FRS189 ISIN: ZAG000157462
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured unsubordinated credit-linked
notes and unsecured index-linked notes, in terms of its note programme (the programme) dated 29 November 2011,
as amended and updated from time to time, effective 1 March 2019.
Debt security code: FRC290
ISIN: ZAG000157447
Nominal issued: ZAR 40 000 000.00
Type of debt security: Credit-linked notes
Issue date: 1 March 2019
Issue price: 100%
Coupon rate: 3 month JIBAR plus 300 basis points, calculated in accordance with the
floating rate provisions contained in the pricing supplement
Interest commencement date: 1 March 2019
Interest determination date(s): The first business day of each Interest Period
First interest payment date: 20 March 2019
Interest payment date(s): 20 March, 20 June, 20 September and 20 December of each year until
maturity
Last day to register: By 17:00 on 15 March, 15 June, 15 September and 15 December of each
year until maturity
Books close: 16 March, 16 June, 16 September and 16 December of each year until
maturity
Business day convention: Modified Following Business Day
Maturity date: 20 June 2022
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 manner in which the interest for each period will be
calculated, early redemption and credit-linked note provisions contained
in the pricing supplement
Debt security code: FRS189
ISIN: ZAG000157462
Type of debt security: Index-Linked Notes
Nominal issued: ZAR 120 000 000.00
Issue date: 1 March 2019
Issue price: 100%
Coupon rate: Not applicable
Interest commencement date: Not applicable
Interest determination date(s): Not applicable
First interest payment date: Not applicable
Interest payment date(s): Not applicable
Last day to register: By 17:00 on 28 August 2019
Books close: 29 August 2019
Business day convention: Following Business Day
Maturity date: 03 September 2019
Final maturity amount: The final maturity amount is determined based on the calculation below:
ILRA = ANA * [(FIL / IIL) + ARA * DC)] * (FXFVD/FXFSD)
The definitions for this formula is as per the pricing supplement
Other: The pricing supplement contains additional terms and conditions
Summary of additional terms: Please refer to the increased cost of hedging and FX disruption
provisions contained in the pricing supplement
Programme amount: ZAR 30 000 000 000.00
Total notes in issue under programme: ZAR 17 031 291 020.58
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.
27 February 2019
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/02/2019 01:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
