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INVESTEC BANK LIMITED - SXEIIF - Expiry announcement

Release Date: 28/03/2019 10:48
Code(s): SXEIIF     PDF:  
Wrap Text
SXEIIF - Expiry announcement

INVESTEC BANK LIMITED


 Reference Index                    EUROSTOXX50 ® Index

 Strike Price                       3 229.57

 Expiry Date                        27 March 2019

 Cover Ratio                        1:1

 Call/Put                           Call

 Style                              Bermudan

 Issue Size                         113,600

 ISIN Code                          ZAE000257234

 JSE Code                           SXEIIF


EXPIRY OF SXEIIF AUTOCALL INDEX WARRANTS (AUTOCALLS) – 27 MARCH 2019

Investec Bank Limited, as Issuers of the above Autocall Index Warrants (“Autocalls”), hereby notifies Holders of their
automatic option expiry which occurred on 27 March 2019 (see the related securities above).

On 27 March 2019 (the Valuation and Exercise Date), the Index Level was 3 322.04 and therefore the Autocalls were
automatically exercised and expired on the 27 March 2019. The Holders are entitled to a Cash Settlement Amount
determined as follows:

Reference amount x 121.2%
Reference Amount = ZAR 1,000.00

Holders will receive a Cash Settlement Amount of ZAR 1,212.00 for every Autocall held. The Cash Settlement Amount
per Autocall will automatically accrue to the Holder via STRATE on 2 April 2019.

Date: 28 March 2019

Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196

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 Securities (Pty) Limited
        Member of the JSE
        Registration Number: 1972/008905/07

Date: 28/03/2019 10:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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