FIRSTRAND BANK LIMITED - Notice of Conversion Event in terms of Paragraph 22(j) for the FRC172 Applicable Pricing Supplement
FRC172 201706020058A
Notice of Conversion Event in terms of Paragraph 22(j) for the FRC172 Applicable Pricing Supplement
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC172
ISIN: ZAG000105818
(FRB or the Issuer)
NOTICE OF CONVERSION EVENT IN TERMS OF PARAGRAPH 22(J) FOR THE FRC172 APPLICABLE
PRICING SUPPLEMENT
1. In terms of this notice noteholders are advised that a Conversion Event as contemplated in
paragraph 22(j) of the applicable pricing supplement dated 20 May 2013 in relation to the issue
of ZAR50,000,000 Credit Linked Notes with Maturity Termination Date of 21 February 2018
occurred on 1 June 2017 (the Conversion Date) and the Interest Rate payable will be adjusted
from the 3 month ZAR-JIBAR-SAFEX plus 250 basis points to 3 month ZAR-JIBAR-SAFEX plus 75
basis points until the Maturity Date.
2. Capitalised terms used herein which are not otherwise defined shall bear the meaning ascribed
thereto in the Terms and Conditions (read together with the Additional Terms and Conditions of
Credit-Linked Notes (the Credit-Linked Annex)) and the Applicable Pricing Supplement where
the context requires.
2 June 2017
Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
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