To view the PDF file, sign up for a MySharenet subscription.

INVESTEC BANK LIMITED - Amendment to SXEIIA Expiry

Release Date: 15/11/2017 13:50
Code(s): SXEIIA     PDF:  
Wrap Text
Amendment to SXEIIA Expiry

INVESTEC BANK LIMITED


Reference Index                    Euro Stoxx 50 ® Index



Strike Price                       3,056.29

Expiry Date                        09 November 2017

Cover Ratio                        1:1

Call/Put                           Call

Style                              Bermudan

Issue Size                         105,000

ISIN Code                          ZAE000234332

JSE Code                           SXEIIA



EXPIRY OF SXEIIA AUTOCALL INDEX WARRANTS (AUTOCALLS) - 09 NOVEMBER 2017

Investec Bank Limited (“Investec”), as Issuers of the above mentioned Autocall Index Warrants (“Autocalls”), hereby
wishes to notify Holders of the Autocalls of an error in the Sens Announcement that was released on 13 November
2017 (“Erroneous Sens Announcement”). In terms of the Erroneous Sens Announcement released, Investec
incorrectly stated a Cash Settlement Amount of ZAR 1,240.00 for every Autocall held instead of a Cash Settlement
amount of ZAR 1,224.00. Investec hereby wishes to inform Holders of the Autocalls that their automatic option expiry
which occurred on 09 November 2017 (see the related securities above) are entitled to a Cash Settlement Amount
determined as follows:

Reference amount x 122.4%
Reference Amount = ZAR 1,000.00

Holders will receive a Cash Settlement Amount of ZAR 1,224.00 for every Autocall held. The Cash Settlement Amount
per Autocall will automatically accrue to the Holder via STRATE on 17 November 2017.

Date: 15 November 2017

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

For further information contact:
         Investec Warrants
         Tel.: 011 286-4672
         E-mail: warrants@investec.co.za
         Internet: www.investec.com

Sponsor
           Investec Securities (Pty) Ltd
           Member of the JSE
           Registration number. 1972/008905/07)

Date: 15/11/2017 01:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story