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INVESTEC BANK LIMITED - Automatic exercise of BATIIB autocall notes

Release Date: 15/03/2022 11:05
Code(s): BATIIB     PDF:  
Wrap Text
Automatic exercise of BATIIB autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   British American Tobacco PLC (London)

 Strike Price                       2643.40

 Expiry Date                        12 March 2026

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         160 000

 JSE Code                           BATIIB

 ISIN Code                          ZAE000297248


           AUTOMATIC EXERCISE OF BATIIB AUTOCALL NOTES (AUTOCALLS) ON 14 MARCH 2022

Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby notifies Holders of the automatic
Exercise on 14 March 2022 (see the related securities above).

On 14 March 2022 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore the Autocalls
were Exercised and expired on 14 March 2022. The Holders are entitled to a Cash Settlement Amount determined as
follows:

 Condition for Exercise                       Closing level of the Underlying Asset on 14 March 2022 is greater than
                                              the Strike Price

 Date of announcement of whether the          Tuesday, 15 March 2022, by 11h00
 Condition for Exercise has been met

 Cash Settlement Amount                       R1,420.0000

 Last date to trade                           Tuesday, 15 March 2022

 Suspension date                              Wednesday, 16 March 2022

 Record date                                  Friday, 18 March 2022

 Payment/Redemption Date                      Tuesday, 22 March 2022

 Termination date                             Wednesday, 23 March 2022



Date: 15 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: 15-03-2022 11:05:00
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