Obligation Absa Bank 0% ( ZAG000158312 ) en ZAR

Absa Bank

100 % ⇌

Afrique du Sud

ZAG000158312 ( en ZAR )

20/06/2024 - Obligation échue

Prospectus brochure de l'obligation Absa Bank ZAG000158312 en ZAR 0%, échue

1 000 000 ZAR

40 000 000 ZAR

Absa Bank est une banque panafricaine offrant une gamme complète de services financiers, notamment des services bancaires aux particuliers, aux entreprises et aux institutions, dans plusieurs pays d'Afrique et au Royaume-Uni.

L'Obligation émise par Absa Bank ( Afrique du Sud ) , en ZAR, avec le code ISIN ZAG000158312, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 20/06/2024

DocuSign Envelope ID: 0C690B81-19D0-4351-89C1-92F6FB42561A

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 40,000,000 Myriad International Holdings Credit-Linked Notes due 20 June 2024
under its ZAR40,000,000,000 Master Structured Note Programme approved by the JSE Limited t/a The Johannesburg Stock Exchange

This Applicable Pricing Supplement must be read in conjunction with the Master Structured Note Programme Memorandum dated 7
November 2018 and registered with the JSE on or about 31 October 2018, as amended and/or supplemented from time to time ("the Master
Programme Memorandum"), prepared by Absa Bank Limited in connection with the Absa Bank Limited ZAR40,000,000,000 Master Structured
Note Programme.
With effect from the date on which this Applicable Pricing Supplement is signed, this Applicable Pricing Supplement shal replace and
supersede the any previous Applicable Pricing Supplement in all respects and this Applicable Pricing Supplement shal constitute the only
pricing supplement relating to the Notes of this Tranche.
Any capitalised terms not defined in this Applicable Pricing Supplement have the meanings ascribed to them in Section II-A of the Master
Programme Memorandum headed "Terms and Conditions of the Notes", as amended by the Applicable Product Supplement.

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This document constitutes the Applicable Pricing Supplement ("this Applicable Pricing Supplement") relating to the issue of Notes described
herein. The Notes described herein are issued on and subject to the Terms and Conditions as replaced, amended and/or supplemented by the
Applicable Product Supplement and/or 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 and/or the Applicable Product
Supplement, the provisions of this Applicable Pricing Supplement wil prevail for purposes of the Notes described herein.
This Applicable Pricing Supplement supersedes any previous pricing supplement, confirmation, term sheet or other communication with respect
to the Notes described herein.
The Holders of the Notes should ensure that: (i) they fully understand the nature of the Notes and the extent of their exposure to risks, and (i )
they consider the suitability of the Notes as an investment in the light of their own circumstances and financial position.
The Notes involve a high degree of risk, including the risk of losing some or a significant part of the Noteholder's initial investment. A
Noteholder should be prepared to sustain a total loss of its investment in the Notes. The Notes represent general, unsecured, unsubordinated,
contractual obligations of the Issuer and rank pari passu in all respects with each other.
Noteholders are reminded that the Notes constitute obligations of the Issuer only and of no other person. Therefore, potential Noteholders
should understand that they are relying on the credit worthiness of the Issuer.

DESCRIPTION OF THE NOTES
1.
Issuer:
Absa Bank Limited ("Absa")
2.
Applicable Product Supplement:
2014 Credit Linked Notes Applicable Product Supplement contained in
Section IV-B of the Master Programme Memorandum.
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

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Memorandum.)
4.
Listing:
Listed Notes
5.
Issuance Currency:
ZAR (South African Rand)
6.
Series Number:
2019 -18
7.
Tranche Number:
ASN327
8.
Aggregate Nominal Amount:

(a)
Series:
ZAR40,000,000.00 (Forty Million South African Rand)
(b)
Tranche:
ZAR40,000,000.00 (Forty Million South African Rand)
9.
Interest:
Interest-bearing
10.
Interest Payment Basis:
Floating Rate Notes
11.
Automatic/Optional Conversion from
Not Applicable
one Interest/Redemption/Payment
Basis to another:
12.
Form of Notes:
Registered Listed Notes: The Notes in this Tranche will be issued in
uncertificated form and held by the CSD.
13.
Issue Date:
02 April 2019

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14.
Trade Date:
26 March 2019
15.
Specified Denomination:
ZAR1,000,000.00 per Note.
16.
Issue Price:
100%
17.
Interest Commencement Date
Issue Date
18.
Maturity Date:
20 June 2024
19.
Applicable Business Day Convention:
Fol owing Business Day Convention.
20.
Business Days:
Johannesburg, London and TARGET
21.
Final Redemption Amount:
ZAR 40,000,000.00
22.
Credit Event Backstop Date:
Not Applicable
23.
Last Date to Register:
The 11th (eleventh) calendar day before each Floating Interest Payment
Date, i.e. each of the 9th of March, the 9th of June, the 9th of September
and the 9th of December of each calendar year or close of business on
the business day immediately preceding the first day of a books closed
period during the period, commencing on the Issue Date and ending on
the Maturity Date.
24.
Books Closed Periods:
The Register will be closed for a period of 10 (ten) calendar days prior to
each Floating Interest Payment Date and prior to the Maturity Date, i.e.
each of the following periods, the 10th of March to the 20th of March, the
10th of June to the 20th of June, the 10th of September to the 20th of

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September and the 10th of December to the 20th of December of each
calendar year during the term of the Notes, the first 10 calendar days
period being the 10th of June 2019 to the 20th of June 2019 and the last
period being the 10th of June 2024 to the 20th of June 2024
25.
Value of aggregate Nominal Amount of ZAR18,357,206,965.66
all Notes issued under the Structured
Note Programme as at the Issue Date:
FLOATING RATE LEG:

26.
(a)
Floating
Interest
Payment means each of the 20th of March, June, September and December of
each calendar year during the term of the Notes, commencing on the
Dates:
20th June 2019, or, if such day is not a Business Day, the Business Day
on which the interest will be paid, as determined in
accordance with the applicable Business Day Convention (as specified
in this Applicable Pricing
Supplement)

(b)
Minimum Interest Rate:
Not Applicable
(c)
Maximum Interest Rate:
Not Applicable
(d)
Other terms relating to the
The Day Count Fraction is Actual/365 (Fixed).
method of calculating interest
(e.g.: Day Count Fraction,
rounding up provision):
(e)
Manner in which the Interest
Screen Rate Determination

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Rate is to be determined:
(f)
Margin:
173.8 basis points (or 1.738%) to be added to the relevant Reference
Rate.
(h)
If Screen Determination:

(i)
Reference Rate
ZAR-JIBAR-SAFEX (3 months)
(including relevant
period by reference to
which the Interest Rate
is to be calculated):
(i )
Interest Rate
The first Interest Determination Date will be the Issue Date i.e. the 02nd
Determination Dates:
April 2019, thereafter on the 20th of March, June, September and
December, in each calendar year, during the term of the Notes,
commencing on the Issue Date and ending on the 20th March 2024
(i i)
Relevant Screen Page
Reuters RIC <SFX3MYLD> on Reuters Page "SAFEY" (Page number
and Reference Code:
ZA01209).
(i)
If Interest Rate to be calculated Not Applicable
otherwise than Screen
Determination, insert basis for
determining Interest
Rate/Margin/ Fal back
provisions:

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(j)
Calculation Agent responsible
Absa Corporate and Investment Banking (a division of Absa Bank
for calculating amount of
Limited) or an affiliate thereof.
principal and interest:
(k) Interest Period
Each period commencing on (and including) an Interest Payment Date
and ending on (but excluding) the following Interest Payment Date;
provided that the first Interest Period wil commence on (and include) the
Interest Commencement Date and end on (but exclude) the following
Interest Payment Date (each Interest Payment Date as adjusted in
accordance with Following Business Day Convention).
CREDIT EVENT REDEMPTION:

27.
Type of Credit Linked Note:
Single Name CLN
28.
Redemption at Maturity:
Final Redemption Amount
29.
Redemption following the occurrence
Applicable
of Credit Events:
30.
Extension interest:
Not Applicable
31.
Reference Entity:
Myriad International Holdings BV

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32.
Financial Statements of the Guarantor: The financial statements of the Guarantor are available at:
https://www.naspers.com/getattachment/16c28ce7-76d2-478b-854f-
7f246de31d2d/Naspers_Annual_financial_statements_2018.pdf.aspx?lang=en-
US

33.
Standard Reference Obligation:
Applicable
34.
Reference Obligation:
The obligation identified as follows:
Primary Obligor: Myriad International Holdings BV
Maturity: 21/07/2025
CUSIP/ISIN: USN5946FAC16
Guarantor: Naspers Limited
35.
Transaction Type:
Not Applicable
36.
Al Guarantees:
Applicable
37.
Conditions to Settlement:
Applicable
Credit Event Notice: Applicable
Notice of Publicly Available Information: Applicable
38.
Credit Events:
The following Credit Events apply:
Bankruptcy

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Failure to Pay
Grace Period Extension: Applicable
Grace Period: 30 calendar days
Payment Requirement: ZAR10,000,000.00
Obligation Default
Obligation Acceleration
Repudiation/Moratorium
Restructuring
Mod Mod R Applicable
Multiple Holder Obligation: Applicable
Governmental Intervention
Default Requirement: ZAR10,000,000.00

39.
Credit Event Accrued Interest:
Not Applicable
40.
Obligations:
Obligation Category: Bond or Loan
Obligation Characteristics: Not Subordinated
41.
Excluded Obligations:
None
42.
Issuer CLN Settlement Option:
Not Applicable

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43.
CLN Settlement Method:
Auction Settlement
44.
Fal back CLN Settlement Method:
Cash Settlement
Terms Relating to Cash Settlement:

Credit Event Redemption Amount: As specified in the 2014 Credit Linked Conditions.
Credit Event Redemption Date:
5 (five) Business Days
CLN Valuation Date:
Single CLN Valuation Date. The CLN Valuation Date wil be determined
by the Calculation Agent in its sole discretion provided that such CLN
Valuation Date is not more than 100 (one hundred) Business Days
following date determined by the Issuer in terms of the provisions
relating to the Event Determination Date specified in the 2014 Credit
Linked Conditions, provided that the Settlement Suspension provisions
specified in the 2014 Credit Linked Conditions wil apply to such time
limit.
CLN Valuation Time:
As specified in the 2014 Credit Linked Conditions.
Quotation Method:
Bid
Quotation Amount:
As specified in the 2014 Credit Linked Conditions.
Minimum Quotation Amount:
As specified in the 2014 Credit Linked Conditions.
Valuation Method:
Highest

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