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ABSA BANK LIMITED - New Financial Instrument Listing - ASN320 and ASN321

Release Date: 21/02/2019 17:43
Code(s): ASN320 ASN321     PDF:  
Wrap Text
New Financial Instrument Listing - ASN320 and ASN321

ABSA BANK LIMITED
(Registration number 1986/004794/06)

NEW FINANCIAL INSTRUMENT LISTING

The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED “ASN320 and ASN321 notes”
under its Master Structured Note Programme Memorandum.

Full Note details are as follows:

Index                                             Commerzbank Global Equity Risk Premia 15%RC ER Index
Listing Date                                      22 February 2019
Issue Size                                        34,746
Issue Price (ZAR)                                 1,000
Maturity Date                                     15 February 2024
JSE Long Code                                     ABMBSN320-15February2024
JSE Short Code                                    ABMBSN320
JSE Alpha Code                                    ASN320
ISIN                                              ZAE000269742
Sector                                            Specialised Securities
Sub – Sector                                      Investment Products



Full Note details are as follows:

Index                                             Commerzbank Global Equity Risk Premia 15%RC ER Index
Listing Date                                      22 February 2019
Issue Size                                        36,134
Issue Price (ZAR)                                 1,000
Maturity Date                                     15 February 2024
JSE Long Code                                     ABMBSN321-15February2024
JSE Short Code                                    ABMBSN321
JSE Alpha Code                                    ASN321
ISIN                                              ZAE000269759
Sector                                            Specialised Securities
Sub – Sector                                      Investment Products


Other provisions

Condition 9 titled “Taxation” in the section II-A of the Master Programme Memorandum titled “Terms and
Conditions of the Notes” is amended in relation to this Tranche of Notes by (i) the replacement of the words
after the dash in Condition 9.3 with the words “provided that this exception shall only apply to that portion of
the withholding or deduction which could lawfully have been so reduced”, (ii) the deletion of Condition 9.8 and
(iii) the insertion of the following additional paragraphs immediately after Condition 9.7:

“9.8     where such withholding or deduction is imposed on a payment to an individual and is required to be
         made pursuant to European Council Directive 2003/48/EC (or any other directive implementing the
         conclusions of the 2312th Economic and Financial Affairs Council (ECOFIN) meeting of 26 and 27
       November 2000) on the taxation of savings income or any law implementing or complying with, or
       introduced in order to conform to, such directive; or

9.9    held by or on behalf of a Noteholder in circumstances where such party could lawfully reduce the
       amount of taxation otherwise levied or leviable upon the principal or interest by virtue of any tax treaty
       or non-South African tax laws applicable to such Noteholder, whether by way of a tax credit, rebate
       deduction or reduction equal to all or part of the amount withheld or otherwise, and whether or not it is
       actually claimed and/or granted and/or allowed; or

9.10   in respect of any present or future taxes, duties, assessments or governmental charges of whatever
       nature which are payable otherwise than by withholding from payment of principal or interest, if any,
       with respect to such Note; or

9.11    where any combination of the scenarios or occurrences contemplated in Conditions 9.1 to 9.10 above
        occurs the Issuer is not liable for or otherwise obliged to pay any taxes that may arise as a result of the
        ownership, transfer or redemption of any Note.

If the Issuer becomes subject generally at any time to any taxing jurisdiction, authority or agency other than or
in addition to the Republic South Africa, references in Conditions 8.2 (Redemption for Tax Reasons or due to
a Change in Law) and 9 (Taxation) to South Africa shall be read and construed as references to South Africa
and/or to such other jurisdiction, authority or agency.”

Inward Listing. The Notes will be inward listed securities listed on the Financial Exchange in terms of the
authority granted by the Financial Surveillance Department of the South African Reserve Bank.



21 February 2019

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 21/02/2019 05:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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