Johannesburg Stock Exchange Lists New Financial Instrument: Equity Index Linked Notes

Strategic Insights -

The Johannesburg Stock Exchange (JSE) has listed a new financial instrument, the Equity Index Linked Notes, due to mature on 06 September 2028. The notes, issued by The Standard Bank of South Africa Limited (SBSA), are a type of structured note that provides returns based on the performance of an underlying equity index. The total value of the notes issued is ZAR117,486,687,613.60, with a nominal issued value of ZAR441,750,000.

Key Takeaways:

  • The Equity Index Linked Notes are listed on the JSE and are sponsored by The Standard Bank of South Africa Limited.
  • The notes are due to mature on 06 September 2028, and the final redemption amount will be determined based on the performance of the underlying equity index.
  • The total value of the notes issued is ZAR117,486,687,613.60, with a nominal issued value of ZAR441,750,000.
  • The notes are structured notes, providing returns based on the performance of an underlying equity index.
  • The JSE has granted a listing to the notes, and the listing will be effective from the issue date of 03 September 2025.
  • The notes will be deposited in the Central Securities Depository (CSD) and settlement will take place electronically in terms of the JSE Rules.
  • Investors are advised to study the Pricing Supplement for full details of the specific terms and conditions applicable to this specific issuance.
  • The Sponsor for the notes is The Standard Bank of South Africa Limited, and further information can be obtained from Johann Erasmus via email at johann.erasmus@standardbank.co.za.

Statistics:

  • Total value of notes issued: ZAR117,486,687,613.60
  • Nominal issued value: ZAR441,750,000
  • Issue date: 03 September 2025
  • Maturity date: 06 September 2028
  • Trade type: Equity Index-Linked Note
  • Issue price: 100%
  • Interest commencement date: Not applicable
  • Business day count/convention: Following Business Day Convention
  • Books close: 30 August 2028 to 06 September 2028
  • Last day to register: By 17:00 on 29 August 2028

Sources:

  • Johannesburg Stock Exchange - Company Announcement "ELN031" Stock Code: ELN031 ISIN Code: ZAG000218777
  • The Standard Bank of South Africa Limited Debt Board: New Financial Instrument Listing Announcement.