Obbligazione AbsaBanque 0% ( ZAG000132051 ) in ZAR

Emittente AbsaBanque
Prezzo di mercato 100 ZAR  ⇌ 
Paese  Sudafrica
Codice isin  ZAG000132051 ( in ZAR )
Tasso d'interesse 0%
Scadenza 02/12/2020 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Absa Bank ZAG000132051 in ZAR 0%, scaduta


Importo minimo 1 000 000 ZAR
Importo totale 10 000 000 ZAR
Descrizione dettagliata Absa Bank è una grande istituzione finanziaria africana con sede in Sudafrica, operante in diversi paesi del continente e offrendo una gamma completa di servizi bancari commerciali e di investimento.

The Obbligazione issued by AbsaBanque ( South Africa ) , in ZAR, with the ISIN code ZAG000132051, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 02/12/2020







DocuSign Envelope ID: 2205A0C3-ECC7-4EBD-927B-B79D7A1D272E

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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 ZAR10,000,000.00 Series 2015-5 Transnet SOC Limited Credit Linked Notes due
02 December 2020
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 Programme
Memorandum and the Applicable Product Supplement for 2014 Credit Linked Notes, all dated on
or about 27 October 2015 and approved by the JSE on 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") and the Applicable Product Supplement, dated on or about 27 October 2015, as
amended and/or supplemented from time to time (the "Applicable Product Supplement").
Any capitalised terms not defined in this Applicable Pricing Supplement have the meanings
ascribed to them in the section of the Master Programme Memorandum headed "Terms and
Conditions of the Notes", as amended by the Applicable Product Supplement.
This document constitutes the 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



DocuSign Envelope ID: 2205A0C3-ECC7-4EBD-927B-B79D7A1D272E

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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 will prevail.
This Applicable Pricing Supplement supersedes any previous pricing supplement, confirmation,
term sheet or other communication with respect to the Notes referred to below.
DESCRIPTION OF THE NOTES
1.
Issuer
Absa Bank Limited ("Absa")
2.
Status of Notes
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.
3.
Applicable Product Supplement
Applicable: 2014 Credit Linked Note Applicable
Product Supplement contained in Section IV-B
of the Master Programme Memorandum.
4.
Listing
Listed Notes
5.
Issuance Currency
ZAR (South African Rand)
6.
Series Number
2015-76
7.
Tranche Number
ASN111
8.
Aggregate Nominal Amount:

(a)
Series
ZAR10,000,000.00
(b)
Tranche
ZAR10,000,000.00
9.
Interest
Interest-bearing
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 are issued in uncertificated form and
held by the CSD.
13. Issue Date
02 December 2015


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14. Trade Date
25 November 2015
15. Specified Denomination
ZAR1,000,000.00
Notes are subject to a minimum denomination
of ZAR1,000,000.00
16. Issue Price
100%
17. Interest Commencement Date
Issue Date
18. Maturity Date
02 December 2020
19. Applicable Business Day Convention
Fol owing Business Day Convention
20. Definition of Business Day (if different
Johannesburg
from that set out in Glossary of Terms )
21. Final Redemption Amount
ZAR10,000,000.00
22. Last Date to Register
11 calendar days before each Interest
Payment Date, i.e. each 20 February, 22 May,
22 August and 21 November in each year until
the Maturity Date
23. 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 21 February, 23
May, 23 August and 22 November in each year
until the Maturity Date.
24. Value of aggregate Nominal Amount of all ZAR9,651,698,364.02
Notes issued under the Structured Note
Programme as at the Issue Date
FLOATING RATE NOTES

25.
(a)
Floating Interest Payment
02 March,
02 June,
02 September
and
Date(s)
02 December, in each year commencing on
02 March 2016
and
ending
on
02 December 2020, each such day being
subject to adjustment in accordance with the
Fol owing Business Day Convention
(b)
Minimum Interest Rate
Not Applicable
(c)
Maximum Interest Rate
Not Applicable
(d)
Other terms relating to the
Actual/365 (Fixed)
method of calculating interest


DocuSign Envelope ID: 2205A0C3-ECC7-4EBD-927B-B79D7A1D272E

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(e.g.: Day Count Fraction,
rounding up provision)
(e)
Manner in which the Interest
Screen Rate Determination
Rate is to be determined
(f)
Margin
210 basis points to be added to the relevant
Reference Rate
(g)
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
02 March,
02 June,
02 September
and
Determination Date(s)
02 December, in each year, commencing on
the Issue Date up to and including 02
September 2020.
(i i)
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 Screen
Determination, insert basis for
determining Interest Rate/Margin/
Fal back provisions
(i)
Calculation Agent responsible for Absa Corporate and Investment Banking (a
calculating amount of principal
division of Absa Bank Limited) or an affiliate
and interest
thereof
CREDIT EVENT REDEMPTION

26. Type of Credit Linked Note
Single Name CLN
27. Redemption at Maturity
Final Redemption Amount
28. Redemption following the occurrence of
Applicable
Credit Events
Extension interest
Not Applicable

Reference Entity
Transnet SOC Limited
Reference Obligation(s)
The obligation(s) identified as follows:


DocuSign Envelope ID: 2205A0C3-ECC7-4EBD-927B-B79D7A1D272E

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Primary Obligor: Transnet SOC Limited
Maturity:
17 September 2020
Coupon:
10.5% fixed semi-annual
CUSIP/ISIN:
ZAG000071622
Transaction Type
Not Applicable
Al Guarantees
Applicable
Conditions to Settlement
Applicable
Credit Event Notice: Applicable
If Physical Settlement is Specified, Notice of
Physical Settlement: Applicable
Notice of Publicly Available Information:
Applicable
Credit Events
The following Credit Event(s) shal apply:
Bankruptcy
Failure to Pay
Grace Period Extension: Applicable
Payment Requirement: ZAR10,000,000.00
Obligation Default
Obligation Acceleration
Repudiation/Moratorium
Restructuring
Multiple Holder Obligation: Not Applicable
Default Requirement: ZAR10,000,000.00
Credit Event Accrued Interest
Not applicable
Obligation(s)
Obligation Category
Obligation
(Select only one):
Characteristics
(Select all that
apply):

[ ] Payment
[x] Not Subordinated
[ ] Borrowed Money
[x] Specified
Currency ZAR
[ ] Reference
[ ] Not Sovereign
Obligations Only
Lender


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[ ] Bond
[ ] Not Domestic
Currency
[Domestic
Currency means [
]]
[ ] Loan
[ ] Not Domestic Law
[x] Bond or Loan
[ ] Listed


[ ] Not Domestic
Issuance
Excluded Obligations (if any)
Not Domestic Currency and Not Domestic
Law.
Issuer CLN Settlement Option
Not Applicable
CLN Settlement Method
Physical Settlement
Terms Relating to Physical Settlement:

Physical Settlement Period
As per Credit Linked Conditions.
Exclude Accrued Interest
Deliverable Obligation(s)
Deliverable
Deliverable
Obligation Category
Obligation
(Select only one)
Characteristics
(Select all that
apply)
[ ] Payment
[x] Not Subordinated
[ ] Borrowed Money
[x] Specified
Currency: ZAR
[ ] Reference
[ ] Not Sovereign
Obligations Only
Lender
[ ] Bond
[ ] Not Domestic
Currency
[domestic
Currency means [
]]
[ ] Loan
[ ] Not Domestic Law
[x] Bond or Loan
[ ] Listed


DocuSign Envelope ID: 2205A0C3-ECC7-4EBD-927B-B79D7A1D272E

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[ ] Not Contingent

[ ] Not Domestic
Issuance

[ ] Assignable Loan

[ ] Consent Required
Loan

[ ] Direct Loan
Participation

[ ] Indirect Loan
Participation
Qualifying
Participation
Seller:

[ ] Transferable

[ ] Maximum Maturity

[ ] Accelerated or
Matured

[ ] Not Bearer
Excluded Deliverable Obligations
Not Domestic Currency and Not Domestic
Law.
Partial Cash Settlement of Consent
Applicable
Required Loans
Partial Cash Settlement of Assignable
Applicable
Loans Applicable
Partial Cash Settlement of Participations
Applicable
Applicable
Other terms relating to Physical
Condition 6.9.1.1 of the Terms and Conditions
Settlement (if any)
of the Notes shal be deleted and replaced with
the following:
If "Cash Settlement" is deemed to apply
pursuant to 2014 Credit Linked Condition 6.4
to 2014 Credit Linked Condition 6.8 (inclusive),
the portion of the Deliverable Obligations
Portfolio corresponding to the applicable
Undeliverable Obligation, Undeliverable Loan


DocuSign Envelope ID: 2205A0C3-ECC7-4EBD-927B-B79D7A1D272E

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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 outstanding principal balance (or,
the equivalent Currency Amount thereof) of
such Undeliverable Deliverable Obligation
multiplied by the Final Price with respect to
such Undeliverable Deliverable Obligation less
(i i) Swap Costs and Settlement Expenses (if
any).
Additional Business Centre Delivery
Not Applicable
Method
Other Provisions
Not Applicable
PROVISIONS REGARDING

REDEMPTION/MATURITY
29. Redemption at the option of the Issuer:
No
30. Redemption at the Option of Noteholders: No
31. Early Redemption Amount(s) payable on
Yes
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 of the Terms
and Conditions of the Notes.
(b)
Method of calculation of amount
Not Applicable
payable
GENERAL

32. Calculation Agent
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.
33. Calculation Agent City
Johannesburg
34. Paying Agent
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.


DocuSign Envelope ID: 2205A0C3-ECC7-4EBD-927B-B79D7A1D272E

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35. Specified office of the Paying Agent
15 Alice Lane
Sandton
2196
Gauteng
Republic of South Africa
36. Transfer Agent
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.
37. Additional selling restrictions
Not Applicable
38. ISIN No.
ZAG000132051
39. Stock Code
ASN111
40. Method of distribution
Private Placement
41. If syndicated, names of Managers
Not Applicable
42. Governing law
The law of the Republic of South Africa.
43. Other provisions
Change in Standard Terms and Market
Convention
The Calculation Agent may from time to time
amend any provision of these Credit Linked
Conditions or the Notes to incorporate and/or
reflect the 2014 ISDA Credit Derivative
Definitions and/or further or alternative
documents from time to time published by
ISDA with respect to the settlement of credit
derivative transactions and/or the operation or
application of determinations by the Credit
Derivatives Determinations Committees which
the Calculation Agent (and, if applicable, the
Issuer)
determine
in
a
commercially
reasonable manner are necessary to reflect
market
practice
for
credit
derivative
transactions.
The
Applicable
Pricing
Supplement may be amended and restated
from time to time to reflect such changes in
market convention without the consent of the
Noteholders and the Noteholders are deemed
to agree to this provision by the purchase of


DocuSign Envelope ID: 2205A0C3-ECC7-4EBD-927B-B79D7A1D272E

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the Notes.
44. Issuer Rating on Issue Date:
Issuer Rating: A1.za as assigned by Moody's
on 26 June 2015 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.

for and on behalf of
ABSA BANK LIMITED


_____________________________

_______________________________
Name:





Name:
Capacity:





Capacity:
Date:





Date:



Document Outline