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INVESTEC BANK LIMITED - Automatic exercise of FTSIIE autocall notes

Release Date: 02/11/2021 08:16
Code(s): FTSIIE     PDF:  
Wrap Text
Automatic exercise of FTSIIE autocall notes

INVESTEC BANK LIMITED


 Index                              FTSE 100 Index
 Initial Index Level                7,302.42
 Expiry Date                        01 November 2023
 Cover Ratio                        1:1
 Call/Put/Other                     Call
 Style                              Bermudan
 Issue Size                         429 129
 JSE Code                           FTSIIE
 ISIN Code                          ZAE000280657


         AUTOMATIC EXERCISE OF FTSIIE AUTOCALL NOTES (AUTOCALLS) ON 01 NOVEMBER 2021

Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby notifies Holders of the automatic
Exercise on 01 November 2021 (see the related securities above).

On 01 November 2021 (the Valuation Date and Exercise Date), the conditions for early exercise were met, therefore the
Autocalls were automatically Exercised and expired on 01 November 2021. The Holders are entitled to a Cash
Settlement Amount determined as follows:

 Condition for Exercise                   Closing level of the Index on 01 November 2021 is greater
                                          than 6,937.30

 Closing level of the Index on 01         7,288.62
 November 2021

 Date of announcement of whether          Tuesday, 02 November 2021, by 11h00
 Condition for Exercise was met

 Cash Settlement Amount                   ZAR152.8650

 Last date to trade                       Tuesday, 02 November 2021

 Suspension date                          Wednesday, 03 November 2021

 Record date                              Friday, 05 November 2021

 Payment/Redemption Date                  Monday, 08 November 2021

 Termination date                         Tuesday, 09 November 2021



Date: 02 November 2021

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

Date: 02-11-2021 08:16:00
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