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ABSA BANK LIMITED - New Financial Instrument Listing - ASN396

Release Date: 03/12/2019 17:15
Code(s): ASN396     PDF:  
Wrap Text
New Financial Instrument Listing - ASN396

(Incorporated with limited liability on 26 November 1986 under registration number 1986/004794/06 in the
Republic of South Africa)


The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED ASN396 note under its Master
Structured Note Programme Memorandum. Copies of the Master Structured Note Programme and Pricing Supplements
are available on the issuer’s website at

Full Note details are as follows:

Index                                               S&P 500 Index, S&P/ASX 200 Index, Euro Stoxx 50 Index and
                                                    Stockholm 30 Index
Listing Date                                        04 December 2019
Issue Size                                          55,100
Issue Price (ZAR)                                   1,000
Maturity Date                                       04 December 2025
JSE Long Code                                       ABMBSN396-04DECEMBER2025
JSE Short Code                                      ABMBSN396
JSE Alpha Code                                      ASN396
ISIN                                                ZAE000282018
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.”

03 December 2019

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

Date: 03-12-2019 05:15:00
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