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INVESTEC BANK LIMITED - POTENTIAL AUTOMATIC EXERCISE OF VISIIA AUTOCALL NOTES

Release Date: 25/02/2021 14:09
Code(s): VISIIA     PDF:  
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POTENTIAL AUTOMATIC EXERCISE OF VISIIA AUTOCALL NOTES

INVESTEC BANK LIMITED


 Stock                                Visa Inc (V UN Equity)

 Strike Price                         USD 175.11

 Expiry Date                          11 March 2025

 Cover Ratio                          1:01

 Call/Put/Other                       Call

 Style                                Bermudan

 Issue Size                           15 000

 JSE Code                             VISIIA

 ISIN Code                            ZAE000285615


POTENTIAL AUTOMATIC EXERCISE OF VISIIA AUTOCALL NOTES (AUTOCALLS) ON 11 MARCH 2021

Investec Bank Limited, as Issuer of the above Autocall Notes (“Autocalls”), hereby notifies Holders of the potential
automatic Exercise on 11 March 2021 (see the related securities above). If the conditions for Exercise are fulfilled the
Autocalls will be automatically Exercised on 11 March 2021.

 Condition for Exercise                  Closing level of the stock on 11 March 2021 is greater than
                                         the Strike Price

 Date of announcement of whether         Friday, 12 March 2021, by 11h00
 Condition for Exercise will be met


Salient information should the Condition for Exercise be met:

 Cash Settlement Amount                  R1,180.00

 Last date to trade                      Thursday, 11 March 2021

 Suspension date                         Friday, 12 March 2021

 Record date                             Tuesday, 16 March 2021

 Payment/Redemption Date                 Wednesday, 17 March 2021

 Termination date                        Thursday, 18 March 2021



Date: 25 February 2021

Copies of Warrant issue documentation can be located on:
        Internet: www.investec.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: 1969/004673/06

Date: 25-02-2021 02:09:00
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