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INVESTEC BANK LIMITED - Automatic exercise of SXBIIC autocall notes

Release Date: 01/03/2022 14:12
Code(s): SXBIID     PDF:  
Wrap Text
Automatic exercise of SXBIIC autocall notes

INVESTEC BANK LIMITED


 Index                                EuroStoxx ® Banks Index

 Strike Price                         91.56

 Expiry Date                          26 February 2025

 Cover Ratio                          1:1

 Call/Put/Other                       Call

 Style                                Bermudan

 Issue Size                           50 000

 Issue Price                          100 000

 JSE Code                             SXBIIC

 ISIN Code                            ZAE000284972


         AUTOMATIC EXERCISE OF SXBIIC AUTOCALL NOTES (AUTOCALLS) ON 28 FEBRUARY 2022

Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby notifies Holders of the automatic
Exercise on 28 February 2022 (see the related securities above).

On 28 February 2022 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore the
Autocalls were Exercised and expired on 28 February 2022. The Holders are entitled to a Cash Settlement Amount
determined as follows:

 Condition for Exercise                     Closing level of the Index on 28 February 2022 is greater than the Initial Index
                                            Level

 Date of announcement of whether            Tuesday, 01 March 2022, by 11h00
 the Condition for Exercise has
 been met
 Cash Settlement Amount                     R1,647.2000

 Last date to trade                         Tuesday, 01 March 2022

 Suspension date                            Wednesday, 02 March 2022

 Record date                                Friday, 04 March 2022

 Payment/Redemption Date                    Monday, 07 March 2022

 Termination date                           Tuesday, 08 March 2022



Date: 01 March 2022

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: 01-03-2022 02:12:00
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