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INVESTEC BANK LIMITED - Update Announcement - No Exercise Of SCRIIA Autocall Notes (Autocalls) On 26 April 2023

Release Date: 28/04/2023 09:45
Code(s): SCRIIA     PDF:  
Wrap Text
Update Announcement - No Exercise Of SCRIIA Autocall Notes (Autocalls) On 26 April 2023

INVESTEC BANK LIMITED


 Underlying Asset                   SCOR SE (Paris)

 Strike Price                       2,712.72

 Expiry Date                        26 April 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 Listing Code                       SCRIIA

 ISIN Code                          ZAE000310538


 UPDATE ANNOUNCEMENT - NO EXERCISE OF SCRIIA AUTOCALL NOTES (AUTOCALLS) ON 26 APRIL 2023

Holders are referred to the SENS announcement dated 12 April 2023, the conditions for Exercise were not met and the
Autocalls were not automatically exercised on 26 April 2023. The dates referred to in the SENS announcement dated
12 April 2023 are not applicable.

 Condition for Exercise                   Closing level of the Underlying Asset on 26 April 2023, multiplied by the Share
                                          Adjustment Factor, is greater than the Strike Price

 Closing level of the Underlying          2,283.00
 Asset on 26 April 2023

 Remaining Exercise Dates                 Monday,  26 April 2024
                                          Tuesday, 28 April 2025
                                          Tuesday, 27 April 2026
                                          Thursday,26 April 2027



Date: 28 April 2023

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: 28-04-2023 09:45:00
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