Enhanced Investments - Financial Portal

New Financial Instrument Listing Announcement – IVC268

Published: 2023-08-18 10:40:20 ET

Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
Issuer code: BIINLP
LEI No: 549300RH5FFHO48FXT69

New Financial Instrument Listing Announcement – IVC268

Application has been made to the JSE Limited (“JSE”) for the listing of R105,000,000 (one hundred
and five million Rand) senior unsecured floating rate credit linked Notes (stock code IVC268), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC268 Notes will be issued to Noteholders on the date of listing being with effect from
21 August 2023 commencement of trade.

Salient features of the IVC268 Notes are listed below:

Issuer                                                      Investec Bank Limited

Principal Amount                                            R1,000,000 per Note on the Issue
                                                            Date

Instrument                                                  Senior unsecured credit linked Notes

Issue Date                                                  21 August 2023

Nominal Amount per Note                                     R1,000,000

Interest Rate                                               ZAR-JIBAR-SAFEX with a Designated
                                                            Maturity of 3 months plus
                                                            (a) a margin of 140bps from the date
                                                            beginning on and including the Issue
                                                            Date to but excluding the Optional
                                                            Redemption Date; and
                                                            (b) a margin of 160bps from and
                                                            including the Optional Redemption
                                                            Date to but excluding the Scheduled
                                                            Maturity Date
Optional Redemption Date                                    21 February 2025

Scheduled Maturity Date                                     21 August 2026

Issue price per Note                                        100%

Final Redemption Amount per Note                            The outstanding Principal Amount per
                                                            Note (plus accrued unpaid interest, if
                                                            any, to the Scheduled Maturity Date)

Interest Commencement Date                                  Issue Date

Books Close Period                                         12 February to 21 February, 12 May to
                                                           21 May, 12 August to 21 August and 12
                                                           November to 21 November (all dates
                                                           inclusive) in each year until the
                                                             Applicable Redemption Date or 10 (ten)
                                                             days prior to and including any Payment
                                                             Day
Last Day to Register                                         The last Business Day immediately
                                                             preceding the commencement of the
                                                             Books Closed Period

Interest Payment Dates                                       21 February, 21 May, 21 August and 21
                                                             November      until   the   Applicable
                                                             Redemption Date or, if such day is not
                                                             a Business Day, the Business Day on
                                                             which interest will be paid, as
                                                             determined in accordance with the
                                                             applicable Business Day Convention
                                                             (as specified in the Applicable Pricing
                                                             Supplement), with the first Interest
                                                             Payment Date being 21 November
                                                             2023


Business Day Convention                                      Following Business Day

JSE Stock Code                                               IVC268

ISIN                                                         ZAG000198359

Aggregate Nominal Amount of Notes Outstanding                ZAR11,332,052,406 (eleven billion
under the Programme after this issuance                      three hundred and thirty-two million
                                                             fifty two thousand four hundred and six
                                                             Rand).


The Pricing Supplement does not contain any additional terms and conditions or changes to the terms
and conditions as contained in the Programme Memorandum.


Investors should study the Applicable Pricing Supplement for full details of the terms and conditions
applicable to these Notes.

Date: 18 August 2023


Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za

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

Important disclosures

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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
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.