TSETNC TSETNQ - Stock split and update to the Net Asset Value
TSETNC TSETNQ - Stock split and update to the Net Asset Value
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRTN
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: TSETNC ISIN: ZAE000291258
Alpha code: TSETNQ ISIN: ZAE000291225
(FRB)
STOCK SPLIT AND UPDATE TO THE NET ASSET VALUE
Holders of the TSETNC and TSETNQ exchange-traded notes (ETNs) are advised that on Thursday,
25 August 2022, Tesla Inc. had a 3 for 1 stock split. As per published guidance, this corporate action
was synthetically adjusted for in the ETNs on Thursday, 25 August 2022. No distribution or payment
will be made.
Split ratio 3:1
Adjustment factor 3
Effective date 25 August 2022
The daily published net asset value (NAV) has already been updated to include the effect of the stock
split, which can be viewed at:
https://www.rmb.co.za/page/inward-listed-etns
NAV formulae for the instruments can be found at:
https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/
https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/
25 August 2022
Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 25-08-2022 12:17:00
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