INVESTMENT DESCRIPTION
CURRENCY ZAR
STRIKE DATE 25/11/2025
ISIN ZAE000355244
COUNTERPARTY BNP
TYPE Note
RETURN & BARRIERS
Maximum Term: 4 years
Investment Structure: Defensive Autocall
Autocall Opportunities: Quarterly (First Observation at 6 months)
Autocall Trigger: 90% of initial level with 55% Express Barrier at month 12
Coupon Rate: ZAR: 6.50% Quarterly (26.00% p.a.)
Capital Risk: Not capital protected
Capital Protection Barrier: 50% Final level (European style)
MATURITY DATE
25/05/2026
FINAL MATURITY DATE
10/12/2029
