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INVESTEC BANK LIMITED - SPXIIH Termination

Release Date: 03/11/2020 12:29
Code(s): SPXIIH     PDF:  
Wrap Text
SPXIIH Termination

INVESTEC BANK LIMITED


 Index                                Standard & Poor’s 500 Index

 Strike Price                         3 091.84

 Expiry Date                          12/11/24

 Cover Ratio                          1:1

 Call/Put/Other                       Call

 Style                                Bermudan

 Issue Size                           30 000

 JSE Code                             SPXIIH

 ISIN Code                            ZAE000280871


  POTENTIAL AUTOMATIC EXERCISE OF SPXIIH AUTOCALL NOTES (AUTOCALLS) ON 12 NOVEMBER 2020

Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby notifies Holders of the potential
automatic Exercise on 12 November 2020 (see the related securities above). If the conditions for Exercise are fulfilled
the Autocalls will be automatically Exercised on 12 November 2020.

 Condition for Exercise                     Closing level of the Index on 12 November 2020 is greater
                                            than the Initial Index Level

 Date of announcement of whether            Friday, 13 November 2020, by 11h00
 Condition for Exercise will be met


Salient information should the Condition for Exercise be met:

 Cash Settlement Amount                     USD72.35185 x CCR

 CCR                                        The USD/ZAR exchange rate on 13 November 2020

 Last date to trade                         Friday, 13 November 2020

 Suspension date                            Monday, 16 November 2020

 Record date                                Wednesday, 18 November 2020

 Payment/Redemption Date                    Thursday, 19 November 2020

 Termination date                           Friday, 20 November 2020



Date: 3 November 2020

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: 03-11-2020 12:29:00
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