Obbligazione Absa Bank 0% ( ZAG000138587 ) in ZAR

Absa Bank

100 ZAR ▲

Sudafrica

ZAG000138587 ( in ZAR )

08/08/2021 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Absa Bank ZAG000138587 in ZAR 0%, scaduta

1 000 000 ZAR

50 000 000 ZAR

The Obbligazione issued by Absa Bank ( South Africa ) , in ZAR, with the ISIN code ZAG000138587, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 08/08/2021

DocuSign Envelope ID: C641EBE0-93E7-4D96-A486-A8405158B4D0

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APPLICABLE PRICING SUPPLEMENT

ABSA BANK LIMITED
(incorporated in the Republic of South Africa with limited liability and with company registration
number 1986/004794/06)

Issue of ZAR50,000,000.00 Capped Floating Rate Notes due August 2021
under its ZAR40,000,000,000 Master Structured Note Programme approved by the JSE Limited and
the Stock Exchange of Mauritius Limited

This Applicable Pricing Supplement must be read in conjunction with the Master Structured Note
Programme Memorandum dated 27 October 2015 and approved by the JSE Limited t/a The
Johannesburg Stock Exchange (the "JSE") on or about 30 October 2015, prepared by Absa Bank
Limited in connection with the Absa Bank Limited ZAR40,000,000,000 Master Structured Note
Programme, as amended and/or supplemented from time to time (the "Master Programme
Memorandum").
Any capitalised terms not defined in this Applicable Pricing Supplement have the meanings ascribed
to them in the Glossary of Terms.
This document constitutes the Applicable Pricing Supplement relating to the issue of the Notes
described herein. The Notes described herein are issued on and subject to the Terms and Conditions
as replaced, amended and/or supplemented by this Applicable Pricing Supplement. To the extent
that there is any conflict or inconsistency between the provisions of this Applicable Pricing
Supplement and the provisions of the Master Programme Memorandum, the provisions of this
Applicable Pricing Supplement will prevail for purposes of these Notes.
This Applicable Pricing Supplement supersedes any previous pricing supplement, confirmation, term
sheet or other communication in respect of the Notes described below.

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DESCRIPTION OF THE NOTES

1.
Issuer:
Absa Bank Limited ("Absa")
2.
Applicable Product Supplement:
Not Applicable
3.
Status of Notes:
Unsubordinated and Unsecured. (The default
status of the Notes under the Master Structured
Note Programme is `unsubordinated and
unsecured' per Condition 5 (Status of Notes) of
the Master Programme Memorandum.)
4.
Issuance Currency:
ZAR (South African Rand)
5.
Listing:
Listed Notes
6.
Rated:
No
7.
Series Number:
2016-46
8.
Tranche Number:
ASN160
9.
Aggregate Nominal Amount:
ZAR50,000,000.00
(a)
Series:
ZAR50,000,000.00
10.
Interest:
Interest-bearing
11.
Interest Payment Basis:
Floating Rate Notes
12.
Automatic/Optional Conversion from
Not Applicable
one Interest/Redemption/Payment
Basis to another:
13.
Form of Notes:
Registered Listed Notes: The Notes in this
Tranche are issued in uncertificated form and
held in the Central Securities Depository.
14.
Trade Date:
29 Jul 2016
15.
Issue Date:
08 August 2016
16.
Nominal Amount per Note:
ZAR100,000.00

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17.
Specified Denomination:
ZAR100,000.00 (Notes are subject to a minimum
denomination of ZAR100,000.00)
18.
Issue Price:
100%
19.
Interest Commencement Date:
Issue Date
20.
Maturity Date:
08 August 2021, subject to adjustment in
accordance with the applicable Business Day
Convention.
21.
Applicable Business Day Convention:
Following Business Day
22.
Definition of Business Day (if different
Not Applicable
from that set out in the Glossary of
Terms):
23.
Final Redemption Amount:
ZAR50,000,000.00
24.
Last Date to Register:
11 calendar days before each Interest Payment
Date, i.e. 29 January, 28 April, 29 July and 29
October of each calendar year and ending on the
Maturity Date.
25.
Books Closed Period(s):
The Register will be closed from 10 calendar days
before each Floating Interest Payment Date to
each Floating Interest Payment Date (all dates
inclusive) i.e. each 30 January to 08 February, 29
April to 08 May, 30 July to 08 August and 30
October to 08 November of each calendar year
up to the Maturity Date.
26.
Value of aggregate Nominal Amount of
ZAR13,055,041,048.96
all Notes issued under the Structured
Note Programme as at the Issue Date:
FLOATING RATE NOTES
Applicable
27.

(a)
Floating Interest Payment
Each 08 February, 08 May, 08 August and 08
Date(s):
November of each calendar year during the

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period commencing on 08 November 2016 and
ending on the Maturity Date, each such day
being subject to adjustment in accordance with
the applicable Business Day Convention.
(b)
Minimum Interest Rate:
Not Applicable
(c)
Maximum Interest Rate:
In respect of each Interest Period, a rate of
10.06% (Ten point Zero Six per cent.) per annum.
(d)
Other terms relating to the
In respect of each Note, the interest amount for
method of calculating interest
each Interest Period will be determined and
(e.g.: Day Count Fraction,
calculated by the Calculation Agent in
rounding up provision):
accordance with the following formula:
I = SD*FIR*DCF
Where:
"I" means the relevant Interest Amount per
Note;
"SD" means the Specified Denomination per
Note;
"FIR" means the Floating Interest Rate as
determined and calculated by the Calculation
Agent in accordance with the following formula:
FIR = min(RR + MG, MIR)
Where:
"min" means "the minimum of" or "the lesser
of";
"RR" means the Reference Rate as specified
below and determined in accordance with the
provisions of the Master Programme
Memorandum;
"MG" means the Margin as specified below;
"MIR" means the Maximum Interest Rate as
specified above;
"DCF" means the Day Count Fraction being

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Act/365; and
"*" means "multipled by".
(e)
Manner in which the Interest
Screen Rate Determination
Rate is to be determined:
(f)
Margin:
221 basis points or 2.21%
(g)
If Screen Determination:

(i)
Reference Rate:
ZAR-JIBAR-SAFEX (3 months)
(including the relevant
period by reference to
which the Interest Rate
is to be calculated):
(ii)
Interest Rate
Each 08 February, 08 May, 08 August and 08
Determination Date(s):
November of each calendar year, during the
period commencing on the Issue Date and ending
on 08 August 2021, each such day being subject
to adjustment in accordance with the applicable
Business Day Convention.
(iii)
Relevant Screen Page
Reuters RIC <SFX3MYLD> on Reuters Page
and Reference Code:
"SAFEY" (Page number ZA01209)
(h)
If Interest Rate to be calculated
Not Applicable
otherwise than by ISDA
Determination or Screen
Determination, insert basis for
determining Interest
Rate/Margin/ Fallback
provisions:
(i)
Calculation Agent responsible
Absa Corporate and Investment Banking (a
for calculating amount of
division of Absa Bank Limited) or an affiliate
principal and interest:
thereof

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PROVISIONS REGARDING

REDEMPTION/MATURITY
28.
Redemption at the option of the Issuer: No
29.
Redemption at the Option of
No
Noteholders:
30.
Early Redemption Amount(s) payable
Yes
on redemption for taxation reasons,
Change in Law or on Event of Default (if
required):
If yes:

(a)
Amount payable; or
The Early Redemption Amount determined and
calculated by the Calculation Agent in
accordance with Condition 8.5 (Early Redemption
Amounts) of the Terms and Conditions of the
Notes.
(b)
Method of calculation of
Not Applicable
amount payable:
GENERAL

31.
Financial Exchange:
JSE Limited t/a The Johannesburg Stock Exchange
32.
Calculation Agent:
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.
33.
Paying Agent:
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.
34.
Specified office of the Paying Agent:
15 Alice Lane
Sandton
2196
Gauteng

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Republic of South Africa
35.
Transfer Agent:
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.
36.
Additional selling restrictions:
Not Applicable
37.
ISIN No.:
ZAG000138587
38.
Stock Code:
ASN160
39.
Method of distribution:
Private Placement
40.
If non-syndicated, name of Dealer:
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.
41.
Governing law (if the laws of South
Law of the Republic of South Africa
Africa are not applicable):
42.
Other provisions:
Taxation
Condition 9 titled "Taxation" in the section II-A of
the Master Programme Memorandum titled
"Terms and Conditions of the Notes" is deemed
to be 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

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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

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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
of South Africa, references in Condition 8.2
(Redemption for Tax Reasons or due to a Change
in Law) and Condition 9 (Taxation) to South
Africa will be read and construed as references to
the Republic of South Africa and/or to such other
jurisdiction, authority or agency."
43.
Issuer Central Securities Depositary
Standard Chartered Bank
Participant (CSDP):
44.
Issuer Rating on Issue Date:
Aa1.za as assigned by Moody's on 10 May 2016
and to be reviewed by Moody's from time to
time.
45.
Debt Listing Requirements:
In accordance with Section 4.22 of the Debt
Listing Requirements, the Issuer confirms that
the Programme Amount has not been exceeded
at the time of the issuing of the Notes.

Responsibility:

The Issuer certifies that to the best of its knowledge and belief there are no facts that have been
omitted which would make any statement false or misleading and that all reasonable enquiries to
ascertain such facts have been made as well as that this Applicable Pricing Supplement contains all
information required by law and the JSE Listing Requirements. The Issuer accepts full responsibility
for the accuracy of the information contained in this Applicable Pricing Supplement and the annual
financial report, the amendments to the annual financial report or any supplements from time to
time, except as otherwise stated therein.

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for and on behalf of
ABSA BANK LIMITED

_____________________________

_______________________________
Name: _______________________

Name:__________________________
Capacity: _____________________

Capacity:________________________
Date: ________________________

Date:___________________________
Who warrants his/her authority hereto

Who warrants his/her authority hereto]

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