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Further announcement regarding updated economics for NELN09 and NWF012
NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE alpha code: NBKP
("Nedbank")
FURTHER ANNOUNCEMENT REGARDING UPDATED ECONOMICS FOR NELN09 AND NWF012
Noteholders are referred to the announcement released on SENS on 25 April 2025 and are now advised of the final updated economics that will be applied to NELN09 and NWF012 in respect of noteholders who did not make the Noteholder Early Redemption Election as set out in the applicable pricing supplements for NELN09 ("NELN09 APS") and NWF012 ("NWF012 APS"), and remain invested in NELN09 and NWF012.
Any capitalised terms not defined in this announcement shall have the meanings ascribed to them in the NELN09 APS and NWF012 APS respectively.
NELN09
The details of the final economics of NELN09 are as follows:
The Cash Settlement Amount will be amended to incorporate Growth Factors which cater for the re-invested proceeds of the initial 1-year term as follows:
CSA = GF x GF2 × SD × [CP +(max((min(FIL, Cap) - IIL)/IIL, 0) × PF)]
Where:
"CSA" means the Cash Settlement Amount;
"GF" means the Growth Factor being 1.09494473;
"GF2" means the Growth Factor 2 being 1.1150;
"CP" means capital protection amount being 1.00;
"SD" means the Specified Denomination;
"×" means multiply by;
"FIL" means the Final Index Level;
"IIL" means the Initial Index Level being 89,165.21;
"Cap" means 105% of IIL, being 93,623.47; and
"PF" means the participation factor of 2.00.
The following salient dates are applicable in terms of the JSE's corporate action timetables in the event of Noteholder Early Redemption Election:
2026
Expiration Date Friday, 3 July
Finalisation announcement before 11:00 Monday, 6 July
Last day to trade and suspension date Monday, 6 July
Record date Thursday, 9 July
Cash Settlement Amount Payment Date Friday, 10 July
Termination date Monday, 13 July
NWF012
The details of the final economics of NWF012 are as follows:
The Cash Settlement Amount will be amended to incorporate a Growth Factor which caters for the re-invested proceeds of the initial 2-year term as follows:
CSA = GF x SD × [CP + (max((min(FIL, Cap) - IIL)/IIL, 0) × PF)]
Where:
"CSA" means the Cash Settlement Amount;
"GF" means the Growth Factor being 1.2216;
"CP" means capital protection amount being 1.05;
"SD" means the Specified Denomination;
"×" means multiply by;
"FIL" means the Final Index Level;
"IIL" means the Initial Index Level being 4,063.04;
"Cap" means 112% of IIL being 4,550.60; and
"PF" means the participation factor being 1.11.
The following salient dates are applicable in terms of the JSE's corporate action timetables in the event of Noteholder Early Redemption Election:
2027
Expiration date Tuesday, 6 July
Finalisation announcement before 11:00 Wednesday, 7 July
Last day to trade and suspension date Wednesday, 7 July
Record date Monday, 12 July
Cash Settlement Amount Payment Date Tuesday, 13 July
Termination date Thursday, 15 July
15 July 2025
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 15-07-2025 10:54:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |
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