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FRE018 FRE019 FRE020 - Listing of Structured Product Notes
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
JSE company code structured product issuer: FRBT
LEI: ZAYQDKTCATIXF9OQY690
Stock code: FRE018 ISIN: ZAE000355632
Stock code: FRE019 ISIN: ZAE000355640
Stock code: FRE020 ISIN: ZAE000355665
(FRB)
LISTINGS OF STRUCTURED PRODUCT NOTES
The JSE Limited (JSE) has granted FRB approval for the listings of the FRE018, FRE019 and FRE020 structured products
notes (SPs), which will be listed on the main board of the JSE in the investment products sector, with effect from the
commencement of business on Monday, 08 December 2025 and traded through any authorised user of the JSE.
Long name: FRB SPCP9Dec3014
Short name: FRBSP3014
Stock code: FRE018
ISIN code: ZAE000355632
Instrument number: 124726
Issue size (units): 10 000 structured notes of R1 000 each
Underlying asset: Societe Generale SGI Dynamic US Equity & Gold Vol. Controlled
5.5% Index
Long name: FRB SPCP9Dec3015
Short name: FRBSP3015
Stock code: FRE019
ISIN code: ZAE000355640
Instrument number: 124727
Issue size (units): 10 000 structured notes of R1 000 each
Underlying asset: Eurostoxx50 Price Return Index
Long name: FRB SPCP9Dec3016
Short name: FRBSP3016
Stock code: FRE020
ISIN code: ZAE000355665
Instrument number: 124733
Issue size (units): 9 000 structured notes of R1 000 each
Underlying asset: Societe Generale SGI Dynamic US Equity & Gold Vol. Controlled
5.5% Index
THE BELOW SECTION IS APPLICABLE TO THE FRE018, FRE019 AND FRE020 SPs ABOVE:
Issue date: Monday, 08 December 2025
Denomination: ZAR
Issue price (Rands): R1 000
Final redemption amount: An amount in ZAR determined and calculated by the calculation
agent equal to the index linked redemption amount:
ILRA = ANA * (100% + PPN * MAX((FIL / IIL) – CS; 0) *
(FXFVD/FXFSD)), all definitions used in this calculation are as per
the pricing supplement
Valuation date: Thursday, 28 November 2030
Finalisation date announced by 11h00: Monday, 02 December 2030
Last day to trade: Monday, 02 December 2030
Suspension date: Tuesday, 03 December 2030
Record date: Thursday, 05 December 2030
Maturity/settlement date: Monday, 09 December 2030
Termination date: Tuesday, 10 December 2030
Contact: David van Wyk
Telephone number: +27 11 282 8000
The pricing supplements will be available for inspection through a secure electronic manner at the election of the person
requesting inspection, upon request, and has been made available for inspection on the FirstRand Limited website:
https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/.
3 December 2025
Debt sponsor
FirstRand Bank Limited
Date: 03-12-2025 03:05:00
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