Enhanced Investments - Financial Portal

Automatic exercise of IMPIIC autocall notes

Published: 2023-05-15 16:15:20 ET

INVESTEC BANK LIMITED


 Underlying Asset                   Impala Platinum Holdings Ltd (Johannesburg)

 Initial Asset Price                17890.77

 Expiry Date                        12 May 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 JSE Code                           IMPIIC

 ISIN Code                          ZAE000311098



               AUTOMATIC EXERCISE OF IMPIIC AUTOCALL NOTES (AUTOCALLS) ON 12 May 2023

As announced on 26 April 2023, Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby
notifies Holders of the automatic Exercise on 12 May 2023 (see the related securities above).

On 12 May 2023 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore Autocalls were
Exercised and expired on 12 May 2023. The Holders are entitled to a Cash Settlement Amount determined as follows:

 Condition for Exercise                        Closing level of the Underlying Asset on 12 May 2023, multiplied by the
                                               Share Adjustment Factor, is greater than the Initial Asset Price

 Date of announcement of whether the           Monday, 15 May 2023
 Condition for Exercise has been met


 Cash Settlement Amount                        R1,340.0000

 Last date to trade                            Monday, May 15, 2023

 Suspension date                               Tuesday, May 16, 2023

 Record date                                   Thursday, May 18, 2023

 Payment/Redemption Date                       Friday, May 19, 2023

 Termination date                              Monday, May 22, 2023



Date: 15 May 2023

Copies of Warrant issue documentation can be located on:
        Internet: www.investecwarrants.com

Place and Date of Incorporation of the Issuer:
        Incorporated in the Republic of South Africa
        Registration Number: 1969/004763/06
        Date of Incorporation: 31 March 1969

For further information kindly contact:
         Investec Financial Products
         Tel.: +27 11 286 9663
         E-mail: FPRetail@investec.co.za
Sponsor:
        Investec Bank Limited
        Member of the JSE
        Registration Number: 1969/004763/06

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.