Try our mobile app

Potential automatic exercise of ELVIIC autocall notes

Published: 2023-11-03 14:41:40 ET
<<<  go to JSE:INP company page
INVESTEC BANK LIMITED


 Underlying Index                   Euronext® CDP Environment World EW Decrement 5% Index (Bloomberg: WLENV
                                    Index)

 Initial Index Level                1,344.9976

 Expiry Date                        17 November 2025

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         35 000

 JSE Code                           ELVIIC

 ISIN Code                          ZAE000294377


   POTENTIAL AUTOMATIC EXERCISE OF ELVIIC AUTOCALL NOTES (AUTOCALLS) ON 17 November 2023

Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby notifies Holders of the potential
automatic Exercise on 17 November 2023 (see the related securities above). If the conditions for Exercise are fulfilled
the Autocalls will be automatically Exercised on 17 November 2023.

 Condition for Exercise                   Closing level of the Underlying Index on 17 November 2023, is greater than or
                                          equal to the Initial Index Level.

 Date of announcement of whether          Monday, November 20, 2023 by 11:00 AM
 the Condition for Exercise has
 been met


Salient information should the Condition for Exercise be met:

 Cash Settlement Amount                   R 1300.0000

 Last date to trade                       Friday, November 17, 2023

 Suspension date                          Monday, November 20, 2023

 Record date                              Wednesday, November 22, 2023

 Payment/Redemption date                  Thursday, November 23, 2023

 Termination date                         Friday, November 24, 2023



Date: 3 November 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