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New Financial Instrument Listing Announcement – IVC247
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 – IVC247
Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (fifty million
Rand) senior unsecured indexed redemption amount basket credit linked Notes (stock code IVC247),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC247 Notes will be issued to Noteholders on the date of listing being with effect from
4 April 2023 on commencement of trade.
Salient features of the IVC247 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue Date
Instrument Senior unsecured credit linked basket
Notes
Issue Date 4 April 2023
Nominal Amount per Note R1,000,000
Interest Rate N/A. The Notes are Indexed
Redemption Amount Notes
Scheduled Maturity Date 31 March 2028
Optional Redemption Date (Call) N/A
Issue price per Note 100%
Final Redemption Amount of the Notes
The Aggregate Principal Amount of the
Notes x [CPIF/CPII + FO x Days/365],
Where:
The Aggregate Principal Amount of the
Notes is ZAR50,000,000 (fifty million
Rand) on the Issue Date, subject to the
occurrence of an Event Determination
Date in respect of any or more of the
Reference Entities, whereupon the
Aggregate Principal Amount of the
Notes will be reduced by each Cash
Settlement Amount
CPIF is the Reference CPI (as defined
in item 42 of the Applicable Pricing
Supplement) on the Scheduled Maturity
Date
CPII is the Reference CPI on the Issue
Date being 107.19000
FO is the Fixed Outperformance = 4.1%
per annum
Days is the number of days from the
Issue Date to the Scheduled Maturity
Date
Day Count Fraction: Actual/365
Interest Commencement Date N/A
Books Close Period The Register will be closed from
22 March 2028 to 31 March 2028 or 10
(ten) days prior to any Payment Day
Last Day to Register the last Business Day immediately
preceding the commencement of the
Books Closed Period
Interest Payment Dates N/A
Business Day Convention Following Business Day
JSE Stock Code IVC247
ISIN ZAG000195348
Aggregate Nominal Amount of Notes Outstanding ZAR10,959,984,752 (Ten Billion Nine
under the Programme after this issuance Hundred Fifty Nine Million Nine
Hundred Eighty Four Thousand Seven
Hundred and Fifty Two 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: 4 April 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 04-04-2023 07:32:00
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