- The Standard Bank of South Africa introduces AMC004 Actively Managed Certificates listed on the JSE Limited.
- AMC004 offers investors exposure to a diversified portfolio managed by BPBernstein, aiming to outperform a benchmark of JSE All Share Index and MSCI World Index.
- Investors can subscribe at 100,000 ZA cents per note, with electronic trading through the Central Securities Depository (CSD). The program size is ZAR 120 billion, reflecting strong investor interest.
The Standard Bank of South Africa Limited has unveiled its latest financial instrument, the “AMC004” Actively Managed Certificates. This new investment opportunity, granted a listing by the JSE Limited, promises investors exposure to a diversified portfolio managed by the esteemed Reference Portfolio Manager, BPBernstein. With a focus on beating a benchmark consisting of the JSE All Share Index and the MSCI World Index, the AMC004 Actively Managed Certificates offer an attractive proposition for individuals seeking long-term growth.
Under the bank’s Structured Note Programme, The Standard Bank of South Africa Limited serves as the issuer of the AMC004 Actively Managed Certificates. The programme, dated January 26, 2021, outlines the terms and conditions of this exciting financial instrument, which can be found on the bank’s official website.
Investors will be intrigued to discover that the AMC004 Actively Managed Certificates are linked to the actively managed Blue Horseshoe Equity Portfolio, acting as the reference portfolio. This portfolio comprises a wide range of securities, including shares listed on recognized exchanges, participatory interests in exchange-traded funds (ETFs), exchange-traded notes (ETNs), and various fixed income securities such as bonds. By leveraging a process of fundamental analysis and careful security selection, BPBernstein aims to outperform a benchmark of 60% JSE All Share Index and 40% MSCI World Index.
The launch of the AMC004 Actively Managed Certificates represents an opportunity for investors to gain exposure to a carefully constructed portfolio managed by industry experts. With a focus on diversification and a meticulous investment strategy, the certificates aim to deliver attractive returns for their holders.
To acquire the AMC004 Actively Managed Certificates, investors can subscribe at an issue price of 100,000 ZA cents per note. The current issue will consist of 100,000 notes, totaling ZAR 100,000,000 in nominal value. These certificates will be listed on the JSE and traded electronically through the Central Securities Depository (CSD) in accordance with JSE Rules, providing investors with a seamless and secure trading experience.
Investors should be aware of the key dates associated with the AMC004 Actively Managed Certificates. The declaration date is set for April 18, 2033, subject to the Preceding Business Day Convention. The last date to trade the certificates will be on May 3, 2033, also subject to the Preceding Business Day Convention. Following these dates, the certificates will be suspended on May 4, 2033, and the record date will be on May 6, 2033. The maturity and delivery date of the certificates is scheduled for May 9, 2033, subject to adjustments as detailed in the Pricing Supplement. The de-listing of the certificates will take place on May 10, 2033.
The Standard Bank of South Africa Limited, the sponsor and placement agent of the AMC004 Actively Managed Certificates, has authorized a programme size of ZAR 120,000,000,000, demonstrating the bank’s commitment to providing robust investment opportunities. The total notes issued, including the current issue, amount to ZAR 80,033,681,081.61, indicating significant investor interest in this innovative financial instrument.