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ABSA BANK LIMITED - New financial Instrument Listings - ASN378; ASN379; ASN380; ASN405; ASN406 and ASN407

Release Date: 21/01/2020 17:10
Code(s): ASN379 ASN378 ASN380 ASN405 ASN406 ASN407     PDF:  
Wrap Text
New financial Instrument Listings - ASN378; ASN379; ASN380; ASN405; ASN406 and ASN407

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

NEW FINANCIAL INSTRUMENT LISTINGS

The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED ASN378; ASN379; ASN380;
ASN405; ASN406 and ASN407 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 absa.co.za/ss

Full Note details are as follows:

Index                                             Credit Suisse GEM 10% Risk Control (ER) Index
Listing Date                                      22 January 2020
Issue Size                                        8,300
Issue Price (ZAR)                                 1,000
Maturity Date                                     18 October 2024
JSE Long Code                                     ABMBSN378-18OCTOBER2024
JSE Short Code                                    ABMBSN378
JSE Alpha Code                                    ASN378
ISIN                                              ZAE000280319
Sector                                            Specialised Securities
Sub – Sector                                      Investment Products


Full Note details are as follows:

Index                                             Credit Suisse GEM 10% Risk Control (ER) Index
Listing Date                                      22 January 2020
Issue Size                                        46,337
Issue Price (ZAR)                                 1,000
Maturity Date                                     18 October 2024
JSE Long Code                                     ABMBSN379-18OCTOBER2024
JSE Short Code                                    ABMBSN379
JSE Alpha Code                                    ASN379
ISIN                                              ZAE000280301
Sector                                            Specialised Securities
Sub – Sector                                      Investment Products


Full Note details are as follows:

Index                                             Credit Suisse GEM 10% Risk Control (ER) Index
Listing Date                                      22 January 2020
Issue Size                                        77,468
Issue Price (ZAR)                                 1,000
Maturity Date                                     18 October 2024
JSE Long Code                                     ABMBSN380-18OCTOBER2024
JSE Short Code                                    ABMBSN380
JSE Alpha Code                                    ASN380
ISIN                                              ZAE000280327
Sector                                            Specialised Securities
Sub – Sector                                      Investment Products


Full Note details are as follows:

Index                                             Credit Suisse GEM 10% Risk Control (ER) Index
Listing Date                                      22 January 2020
Issue Size                                        100,771
Issue Price (ZAR)                                 1,000
Maturity Date                                     17 January 2025
JSE Long Code                                     ABMBSN405-17JANUARY2025
JSE Short Code                                    ABMBSN405
JSE Alpha Code                                    ASN405
ISIN                                              ZAE000283347
Sector                                            Specialised Securities
Sub – Sector                                      Investment Products


Full Note details are as follows:

Index                                             Credit Suisse GEM 10% Risk Control (ER) Index
Listing Date                                      22 January 2020
Issue Size                                        72,926
Issue Price (ZAR)                                 1,000
Maturity Date                                     17 January 2025
JSE Long Code                                     ABMBSN406-17JANUARY2025
JSE Short Code                                    ABMBSN406
JSE Alpha Code                                    ASN406
ISIN                                              ZAE000283354
Sector                                            Specialised Securities
Sub – Sector                                      Investment Products


Full Note details are as follows:

Index                                             Credit Suisse GEM 10% Risk Control (ER) Index
Listing Date                                      22 January 2020
Issue Size                                        28,665
Issue Price (ZAR)                                 1,000
Maturity Date                                     17 January 2025
JSE Long Code                                     ABMBSN407-17JANUARY2025
JSE Short Code                                    ABMBSN407
JSE Alpha Code                                    ASN407
ISIN                                              ZAE000283370
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.”

21 January 2020

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

Date: 21-01-2020 05:10:00
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