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INVESTEC BANK LIMITED - Potential automatic exercise of BATIIL autocall notes

Release Date: 23/11/2023 11:54
Code(s): BATIIL     PDF:  
Wrap Text
Potential automatic exercise of BATIIL autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   British American Tobacco PLC (London)

 Initial Asset Price                3,410.5000

 Expiry Date                        07 December 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         200 000

 JSE Code                           BATIIL

 ISIN Code                          ZAE000317152


   POTENTIAL AUTOMATIC EXERCISE OF BATIIL AUTOCALL NOTES (AUTOCALLS) ON 07 December 2023

Investec Bank Limited, as Issuers of the above Autocall Notes ("Autocalls"), hereby notifies Holders of the potential
automatic Exercise on 07 December 2023 (see the related securities above). If the conditions for Exercise are fulfilled
the Autocalls will be automatically Exercised on 07 December 2023.

 Condition for Exercise                   Closing level of the Underlying Asset on 07 December 2023, multiplied by the
                                          Dividend Adjustment Performance, is greater than or equal to the Initial Asset
                                          Price
 Date of announcement of whether          Friday, December 8, 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 1230.0000
 Last date to trade                       Friday, December 8, 2023
 Suspension date                          Monday, December 11, 2023
 Record date                              Wednesday, December 13, 2023
 Payment/Redemption Date                  Thursday, December 14, 2023
 Termination date                         Monday, December 18, 2023



Date: 23 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

Date: 23-11-2023 11:54:00
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