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FRC400 FRC401 FRS298 - Listing of New Financial Instruments
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC400 ISIN: ZAG000185695
Bond code: FRC401 ISIN: ZAG000185703
Bond code: FRS298 ISIN: ZAG000185679
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE has granted FRB the listings of its FRC400 and FRC401 senior unsecured unsubordinated notes and
FRS298 unsecured structured notes, in terms of its note programme (the programme) dated 29 November 2011, as
amended from time to time, effective 09 May 2022.
Debt security code: FRC400
ISIN: ZAG000185695
Type of debt security: Credit linked notes
Nominal issued: ZAR 258 900 000.00
Coupon rate: 3 Month JIBAR plus 320 basis points
Interest commencement date: 09 May 2022
Interest determination date(s): The first business day of each interest period, with the first interest
determination date being the issue date
First interest payment date: 19 July 2022
Interest payment date(s): 19 January, 19 April, 19 July and 19 October of each year until the
maturity date
Last day to register: By 17:00 on 14 January, 14 April, 14 July and 14 October of each year
until the maturity date
Books close: 15 January, 15 April, 15 July and 15 October of each year until the
Maturity Date
Business day convention: Modified following business day
Maturity date: 19 January 2027, subject to paragraph 51 of the pricing supplement
Final maturity amount: 100% of the aggregate nominal amount
Other: The pricing supplement contains additional terms and conditions to the
terms and conditions as contained in the programme
Summary of additional terms: Please refer to the net asset value and reference obligation early
redemption events, the early redemption at the option of the issuer, the
early redemption amount and the credit linked notes provisions as
contained in the pricing supplement
Debt security code: FRC401
ISIN: ZAG000185703
Type of debt security: Credit linked notes
Nominal issued: ZAR 37 300 000.00
Coupon rate: 10.50%
Interest commencement date: 09 May 2022
First interest payment date: 19 July 2022
Interest payment date(s): 19 January and 19 July of each year until the maturity date
Last day to register: By 17:00 on 14 January and 14 July of each year until the maturity date
Books close: 15 January and 15 July of each year until the Maturity Date
Business day convention: Modified following business day
Maturity date: 19 January 2027, subject to paragraph 51 of the pricing supplement
Final maturity amount: 100% of the aggregate nominal amount
Other: The pricing supplement contains additional terms and conditions to the
terms and conditions as contained in the programme
Summary of additional terms: Please refer to the net asset value and reference obligation early
redemption events, the early redemption at the option of the issuer, the
early redemption amount and the credit linked notes provisions as
contained in the pricing supplement
Debt security code: FRS298
ISIN: ZAG000185679
Type of debt security: Single index and currency linked notes
Nominal issued: ZAR 115 000 000.00
Last day to register: By 17:00 on 04 May 2025
Books close: 05 May 2025
Business day convention: Following business day
Maturity date: 09 May 2025
Final maturity amount: An amount in ZAR determined and calculated by the Calculation Agent
equal to the Index Linked Redemption Amount:
ILRA = ANA * 100.150% * FXFVD_USD/FXFSD_USD + ANA * (PPN *
MAX(FIL/IIL – 100%; 0)) * FXFVD_AUD/FXFSD_AUD, all definitions
used in this calculation are as per the pricing supplement
Other: The pricing supplement contains additional terms and conditions to the
terms and conditions as contained in the programme
Summary of additional terms: Please refer to the redemption/payment basis, the early redemption at
the option of the issuer, the final and early redemption amounts, the
increased cost of hedging provision and the FX disruption provision
contained in the pricing supplement
Issue date: 09 May 2022
Issue price: 100% of par
Programme amount: ZAR 30 000 000 000.00
Total notes in issue under programme: ZAR 28 495 935 468.00 as at the signature date of the FRC401
pricing supplement
Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
6 May 2022
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06-05-2022 02:35:00
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