Obbligazione Absa Bank 0% ( ZAG000129198 ) in ZAR

Emittente Absa Bank
Prezzo di mercato 100 ZAR  ⇌ 
Paese  Sudafrica
Codice isin  ZAG000129198 ( in ZAR )
Tasso d'interesse 0%
Scadenza 20/06/2020 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Absa Bank ZAG000129198 in ZAR 0%, scaduta


Importo minimo 1 000 ZAR
Importo totale 1 000 000 000 ZAR
Descrizione dettagliata The Obbligazione issued by Absa Bank ( South Africa ) , in ZAR, with the ISIN code ZAG000129198, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 20/06/2020







DocuSign Envelope ID: C68AEBC3-AF94-4A77-B84F-DEAB8C17C16E

AMENDED AND RESTATED APPLICABLE PRICING SUPPLEMENT


ABSA BANK LIMITED
(incorporated in the Republic of South Africa with limited liability with company registration
number 1986/004794/06)
Issue of ZAR 960,000,000.00 Series 5 Credit Linked Notes due 20 June 2020
under its ZAR 40,000,000,000 Master Structured Note Programme approved by the JSE Limited
and the Stock Exchange of Mauritius Limited

This amended and restated Applicable Pricing Supplement must be read in conjunction with (i) the
Master Structured Note Programme Memorandum dated 21 October 2013 and approved by the JSE
Limited t/a The Johannesburg Stock Exchange on or about 28 October 2013 and approved by the Stock
Exchange of Mauritius Limited on or about 29 November 2013, as amended and/or supplemented from
time to time (the "Master Programme Memorandum"), and (ii) the Applicable Product Supplement in
Section IV-A of the Master Programme Memorandum headed "Credit Linked Notes", as amended
and/or supplemented from time to time (the "Applicable Product Supplement"), prepared by Absa
Bank Limited in connection with the Absa Bank Limited ZAR40,000,000,000 Master Structured Note
Programme.
Any capitalised terms not defined in this amended and restated Applicable Pricing Supplement shal
have the meanings\ ascribed to them in Schedule 1 to Section II-A of the Master Programme
Memorandum headed "Terms and Conditions of the Notes" (the "Glossary of Terms").
This document constitutes the amended and restated Applicable Pricing Supplement relating to Note
described herein to be issued by the Issuer. The Notes described herein wil be subject to the Terms
and Conditions, as replaced, amended and/or supplemented by the Applicable Product Supplement
and/or this amended and restated Applicable Pricing Supplement. To the extent that there is any conflict
or inconsistency between the contents of this amended and restated Applicable Pricing Supplement
and the Master Programme Memorandum and/or the Applicable Product Supplement, the provisions of
this amended and restated Applicable Pricing Supplement shal prevail.



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This amended and restated Applicable Pricing Supplement supersedes any previous pricing
supplement, confirmation, Applicable Pricing Supplement or other communication in respect of the
Notes described below.
DESCRIPTION OF THE NOTES
1.
Issuer
Absa Bank Limited ("Absa")
2.
Applicable Product Supplement
Applicable: Credit Linked Note Applicable Product
Supplement contained in Section IV-A of the Master
Programme Memorandum.
3.
Status of the Notes
The default status of the Notes under the Master
Structured Note Programme is `unsubordinated and
unsecured' per Condition 5 (Status of Notes) on page
37 of the Master Programme Memorandum.
4.
Issuance Currency
ZAR (South Africa Rand)
5.
Series Number
2015-45
6.
Tranche Number
ASN083
7.
Aggregate Nominal Amount:
ZAR 960,000,000.00 Subject to the occurrence of one
or more Relevant Event Determination Dates in
respect of any of the Reference Entities during the
Notice Delivery Period, whereupon the Aggregate
Nominal Amount wil be reduced to reflect the
redemption (as described in paragraph 30
(Redemption fol owing the occurrence of Credit
Events) below) of such amount of the Notes equal to
the sum of the Reference Entity Nominal Amounts in
respect of each Reference Entity in respect of which a
Relevant Event Determination Date has occurred, less
the Swap Costs Difference (if any and as defined in
paragraph 22 below)), as determined by the
Calculation Agent in its sole and absolute discretion.
(a)
Series
ZAR 960,000,000.00
(b)
Tranche
ZAR 960,000,000.00
8.
Reference Entity Nominal Amount
Means an amount of the Notes expressed in ZAR
related to a Reference Entity in respect of which a
Relevant Event Determination Date has occurred,
calculated as follows:
Reference Entity Weighting of the relevant Reference
Entity multiplied by ZAR 960,000,000.00.
9.
Interest
Interest-bearing


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10.
Interest Payment Basis
Floating Rate Notes
11.
Automatic/Optional Conversion from one
Not Applicable
Interest/Redemption/Payment Basis to
another
12.
Form of Notes
Registered Listed Notes: The Notes in this Tranche wil
be issued in uncertificated form and held by the CSD.
13.
Issue Date
25 August 2015
14.
Trade Date
18 August 2015
15.
Specified Denomination
ZAR 1,000.00
16.
Issue Price
100%
17.
Interest Commencement Date
Issue Date
18.
Maturity Date
20 June 2020
19.
Applicable Business Day Convention
Following Business Day Convention.
20.
Definition of Business Day (if different
Not applicable
from that set out in Glossary of Terms )
21.
Final Redemption Amount
Means:
(a)
Subject to (b) below. The amount determined
by the Calculation Agent in its sole and
absolute discretion as the Aggregate Nominal
Amount of the Notes outstanding (if any) at the
Maturity Date and
(b)
The Notes wil be redeemed on the Maturity
Date at the Final Redemption Amount
determined by the Calculation Agent in
accordance with (a) above unless
(i)
The Notes have been previously
redeemed in whole and cancelled or
are redeemable due to any taxation
reasons, due to Change in Law, on an
Event of Default (if required) or
optional early redemption (however
described) occurring on or before the
Maturity Date; or
(i )
Grace Period Extension is Specified
as applicable and a Potential Failure
to Pay has occurred in respect of one
or more of the Reference Entities on
or prior to the Maturity Date. If such
Potential Failure to Pay has occurred


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in respect of one or more of the
Reference Entities, the Notes wil be
redeemed on the first Business Day
after expiry of the relevant latest
Notice Delivery Period at its Final
Redemption Amount, unless on or
before the Grace Period Extension
Date a Credit Event occurs in respect
of one or more of the Reference
Entities which is a Failure to Pay and
the Conditions to Settlement are
fulfil ed during the Notice Delivery
Period. In such circumstances the
Notes will be redeemed by payment of
final outstanding Aggregate Nominal
Amount
determined
by
the
Calculation Agent together with
Physical Settlement in respect of any
Reference Entities suffering a Failure
to Pay Credit Event after the Maturity
Date.
22.
Swap Costs:
The definition of "Swap Costs" in Condition 15.15 of
the Credit Linked Conditions shall be deleted and
replaced with the following definition for the purposes
of the Notes:
"Swap Costs" means, in respect of the Notes, an
amount determined by the Calculation Agent in a
commercially reasonable manner equal to any
expense, loss or costs (in which case expressed as a
positive number) or gain (in which case expressed as
a negative number) incurred (or expected to be
incurred) by or on behalf of the Issuer as a result of its
terminating, liquidating, modifying, obtaining or re-
establishing any hedge term deposit, related interest
rate, currency or basis swap position, or funding
arrangements entered into by it (including with its
internal treasury function) specifically in connection
with the Notes.
23.
Last Date to Register
11 calendar days before each Interest Payment
Date, i.e. each 9 March, 9 June, 9 September and 9
December of each calendar year during the period
commencing on the Issue Date and ending on the
Maturity Date.
24.
Books Closed Period(s)
The Register will be closed from 10 calendar days
before each Interest Payment Date to each Interest
Payment Date i.e. from 10 June to 20 June,
10 September to 20 September, 10 December to


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20 December and from 10 March to 20 March (al
dates inclusive) in each calendar year during the
period commencing on the Issue Date and ending on
the Maturity Date
25.
Value of aggregate Nominal Amount of al
Notes issued under the Structured Note
ZAR 8,126,396,999.14
Programme as at the Issue Date
FLOATING RATE NOTES

26.
(a)
Floating Interest Payment Date(s) The 20 March, 20 June, 20 September and 20
December in each calendar year, commencing on
20 September 2015 and ending on the Maturity Date,
each such day being subject to adjustment in
accordance with the Following Business Day
Convention.
(b)
Minimum Interest Rate
Not Applicable
(c)
Maximum Interest Rate
Not Applicable
(d)
Other terms relating to the method Day Count Fraction is Act/365.
of calculating interest (e.g.: Day
The Calculation Agent will calculate and determine the
Count Fraction, rounding up
provision)
Interest Amount payable in respect of the Notes on
each Interest Payment Date by multiplying the Interest
Rate (Reference Rate plus Margin) by the outstanding
Aggregate Nominal Amount of the Notes on the
relevant Interest Payment Date and multiplying such
amount by the Day Count Fraction and rounding the
resultant figure to the nearest cent, half a cent being
rounded downwards.
Provided that, if a Potential Failure to Pay has occurred
in respect of one or more of the Reference Entities on
or before an Interest Payment Date, the outstanding
Aggregate Nominal Amount of the Notes on such
Interest Payment Date wil be determined by the
Calculation Agent without regard to the Reference
Entity Weighting of the Reference Entity in respect of
which the Potential Failure to Pay has occurred. If no
subsequent Failure to Pay Credit Event occurs in
respect of any such Reference Entity prior to the next
following Interest Payment Date, the Calculation Agent
will increase the Interest Amount on such Interest
Payment Date by the amount withheld on the previous
Interest Payment Date.
(e)
Manner in which the Interest Rate
Screen Rate Determination
is to be determined


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(f)
Margin
250 basis points to be added to the relevant
Reference Rate
(h)
If Screen Determination:

(i)
Reference Rate (including ZAR-JIBAR-SAFEX (3 months)
relevant period by
reference to which the
Interest Rate is to be
calculated)
(i )
Interest Rate
Each 20 of March, June, September and December
Determination Date(s)
of each calendar year, commencing on the Issue
Date and ending on the Maturity Date, each such
day being subject to adjustment in accordance with
the Fol owing Business Day Convention.
(i i)
Relevant Screen Page
Reuters RIC <SFX3MYLD> on Reuters Page
and Reference Code
"SAFEY" (Page number ZA01209)
(i)
If Interest Rate to be calculated
Not Applicable
otherwise than Screen
Determination, insert basis for
determining Interest Rate/Margin/
Fallback provisions
(j)
Calculation Agent responsible for
Absa Corporate and Investment Banking (a division
calculating amount of principal
of Absa Bank Limited) or an affiliate thereof
and interest
(k) Interest Expiration Date:
If a Relevant Event Determination Date occurs in
respect of any of the Reference Entities during the
Notice Delivery Period, interest will cease to accrue
in respect of an amount of the Notes equal to the
sum of the Reference Entity Nominal Amount and
the Swap Costs Difference, if any, in respect of
Relevant Event Determination Date and Reference
Entity, as of the earlier to occur of the day prior to
(a) the Interest Payment Date occurring on or
immediately preceding the Relevant Event
Determination Date and (b) the Maturity Date or, if no
Interest Payment Date has occurred, the Issue Date,
as applicable, such date being the Interest Expiration
Date.
CREDIT EVENT REDEMPTION

27.
Type of Credit Linked Note
Portfolio CLN
28.
Redemption at Maturity
Final Redemption Amount


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29.
Relevant Credit Event
Means the first Credit Event to occur with respect to
each Reference Entity.
30.
Redemption following the occurrence of
Applicable. Partial redemption as described herein.
Credit Events
If a Relevant Credit Event occurs during the Notice
Delivery Period in respect of one or more of the
Reference Entities specified in the Reference Portfolio
Annex, the Issuer's obligation in each case shal be to:
(i) redeem an amount of the Notes equal to the
Reference Entity Nominal Amount of such Reference
Entity/s by Delivery on the relevant Physical
Settlement Date of the Deliverable Obligations
Portfolio (as defined below) related to the relevant
Reference Entity/s, and
(i ) delist an amount of the Notes equal to the sum of
the Reference Entity Nominal Amount and the Swap
Costs Difference (if any) related to the relevant
Reference Entity/s in respect of which a Relevant
Credit Event has occurred.
At the Maturity Date, the Issuer shall redeem the
Notes remaining by payment of the Final Redemption
Amount determined on the basis of the remaining
outstanding Aggregate Nominal Amount at the
Maturity Date.
Upon discharge by the Issuer of the Final Redemption
Amount on the Maturity Date and Physical Settlement
on any Physical Settlement Date or otherwise as
provided herein, the Issuer's obligations in respect of
the Notes shal be discharged.
The definition of "Deliverable Obligations Portfolio"
contained in Condition 23.2 of the Credit Linked
Conditions of the Notes shal be deleted and replaced
with the following:
"Deliverable Obligations Portfolio" means, subject
to Credit Linked Condition 10.1, in relation to each
Reference Entity in respect of which a Relevant Credit
Event has occurred, such Deliverable Obligations as
may be selected by the Issuer with a Due and Payable
Amount in an aggregate amount (excluding any
accrued and unpaid interest) equal to:
(a) the Reference Entity Nominal Amount related to
the relevant Reference Entity/s, as of the Relevant
Event Determination Date; less
(b) a Due and Payable Amount of such Deliverable
Obligations with a market value as determined by the


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Calculation Agent equal to the Settlement Expenses
and Swap Costs.
If the amount of the Deliverable Obligations Portfolio
is a negative amount, no Deliverable Obligations will
be required to be Delivered and the amount of the
Deliverable Obligations Portfolio will be deemed to be
zero, In addition, the Issuer shal , on or about the date
the Issuer delists the relevant amount of the Notes in
accordance with sub section (ii) of this paragraph
above, reduce the Aggregate Nominal Amount of the
Notes by an amount equal to the absolute value of
such negative amount (such amount being the "Swap
Costs Difference"). If an obligation by its terms
represents or contemplates an obligation to pay an
amount greater than the outstanding principal balance
of such obligation as of the Delivery Date as a result
of the occurrence or non-occurrence of an event or
circumstance, the outstanding principal balance of
such obligation shal not include any additional
amount that would be payable upon the occurrence or
non-occurrence of such event or circumstance."
31.
Extension interest
Not applicable
32.
Reference Entities
Each Reference Entity and Reference Entity
Weighting as specified in the Reference Portfolio
Annex.
Each Reference Entity in respect of which a Relevant
Credit Event occurs will subsequently be removed as
a Reference Entity for the purposes of the Notes.
33.
Reference Obligation(s)
In respect of each Reference Entity:
(i)
the obligation identified as per the Reference
Portfolio Annex or any Substitute Reference
Obligation in respect thereof; and
(i ) one or more obligations of each such Reference
Entity that would constitute an Obligation or
Deliverable Obligation. The Issuer may select
the Reference Obligation of the Reference
Entity at any time on or before the Physical
Settlement Date.
34.
Transaction Type
Not Applicable
35.
All Guarantees
Applicable
36.
Conditions to Settlement
Applicable
Credit Event Notice: Applicable


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Notice of Physical Settlement: Applicable
Notice of Publicly Available Information: Applicable
Public Sources of Publicly Available Information: Not
Applicable
37.
Credit Events
The following Credit Event[s] shal apply:
Bankruptcy
Failure to Pay
Grace Period Extension: Applicable. Payment
Requirement: ZAR 1,000,000.00 or its
equivalent in the relevant Obligation Currency
as of the occurrence of the relevant Failure to
Pay.
Restructuring
Default Requirement: ZAR 10,000,000.00 or
its equivalent in the relevant Obligation
Currency as of the occurrence of the relevant
Credit Event.
Obligation Acceleration
Obligation Default
Repudiation/Moratorium
Multiple Holder Obligation: Not applicable
38.
Credit Event Accrued Interest
Not applicable
39.
Obligation(s)
Obligation means (i) the Reference Obligation of each
Reference Entity as set out in the Reference Portfolio
Annex, or (i ) any obligation of a Reference Entity
(either directly or as provider of a Qualifying Affiliate
Guarantee or, if Al Guarantees is Specified as
applicable, as provider of any Qualifying Guarantee)
described by the:
Obligation Category:
Bond or Loan
Obligation Characteristics:
Not Subordinated
Specified Currency: ZAR
40.
Excluded Obligations (if any)
Not Domestic Currency and Not Domestic Law
41.
Issuer CLN Settlement Option
Not applicable
42.
CLN Settlement Method
Physical Settlement


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43.
Terms Relating to Physical Settlement:

a) Physical Settlement Period
Each period determined by the Calculation Agent as
such.
Exclude Accrued Interest.
b) Deliverable Obligation(s)
Deliverable Obligation means (i) the Reference

Obligation of each Reference Entity as set out in the
Reference Portfolio Annex, or (i ) any obligation of a
Reference Entity (either directly or as provider of a
Qualifying Affiliate Guarantee or, if Al Guarantees is
specified as applicable, as provider of any Qualifying
Guarantee) described by the:
Deliverable Obligation Category:
Bond or Loan
Deliverable Obligation Characteristics:
Not Subordinated
Specified Currency: ZAR
c) Excluded Deliverable Obligations
Not Domestic Currency and Not Domestic Law
d) Partial Cash Settlement of
Not Applicable
Consent Required Loans
e) Partial Cash Settlement of
Not Applicable
Assignable Loans Applicable
f) Partial Cash Settlement of
Not Applicable
Participations Applicable
g) Other terms relating to Physical
Condition 6.9.1.1 of the Terms and Conditions of the
Settlement (if any)
Notes shall be deleted and replaced with the following:
If "Cash Settlement" is deemed to apply pursuant to
Credit Linked Condition 6.4 to Credit Linked Condition
6.8 (inclusive), the portion of the Deliverable
Obligations Portfolio (as defined in paragraph 30
(Redemption fol owing the occurrence of Credit
Events) above) corresponding to the applicable
Undeliverable
Obligation,
Undeliverable
Loan
Obligation,
Undeliverable
Participation
or
Unassignable Obligation (each an "Undeliverable
Deliverable Obligation") shal not consist of such
Undeliverable Deliverable Obligation, but shal consist
of an amount equal to the Due and Payable Amount
(or, the equivalent Currency Amount thereof) of such
Undeliverable Deliverable Obligation multiplied by the
Final Price with respect to such Undeliverable
Deliverable Obligation