Enhanced Investments - Financial Portal

Automatic exercise of BHPIIB autocall notes

Published: 2023-06-21 11:06:20 ET

INVESTEC BANK LIMITED


 Underlying Asset                   BHP Group Limited (London)

 Initial Asset Price                2,309.3130

 Expiry Date                        21 June 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 JSE Code                           BHPIIB

 ISIN Code                          ZAE000311841


              AUTOMATIC EXERCISE OF BHPIIB AUTOCALL NOTES (AUTOCALLS) ON 20 June 2023

As announced on 5 June 2023, Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby
notifies Holders of the automatic Exercise on 20 June 2023 (see the related securities above).

On 20 June 2023 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore Autocalls were
Exercised and expired on 20 June 2023. The Holders are entitled to a Cash Settlement Amount determined as follows:

 Condition for Exercise                       The closing level of the Underlying Asset on 20 June 2023, multiplied by
                                              the Dividend Adjustment Performance, is greater than 90% multiplied by
                                              the Initial Asset Price.
 Date of announcement of whether the          Wednesday, 21 June 2023, by 11h00
 Condition for Exercise has been met


 Cash Settlement Amount                       R1,305.0000

 Last date to trade                           Wednesday, June 21, 2023

 Suspension date                              Thursday, June 22, 2023

 Record date                                  Monday, June 26, 2023

 Payment/Redemption Date                      Tuesday, June 27, 2023

 Termination date                             Wednesday, June 28, 2023



Date: 21 June 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.