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INVESTEC BANK LIMITED - Potential automatic exercise of KSEIIA autocall notes

Release Date: 30/11/2023 15:05
Code(s): KSEIIA     PDF:  
Wrap Text
Potential automatic exercise of KSEIIA autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   Krane Shares CSI China Internet ETF

 Initial ETF Price                  38.6566

 Expiry Date                        14 December 2026

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         300 000

 JSE Code                           KSEIIA

 ISIN Code                          ZAE000305876


 POTENTIAL AUTOMATIC EXERCISE OF KSEIIA AUTOCALL NOTES (AUTOCALLS) ON 14 DECEMBER 2023

Investec Bank Limited, as Issuers of the above Autocall Notes ("Autocalls"), hereby notifies Holders of the potential
automatic Exercise on 14 December 2023 (see the related securities above). If the conditions for Exercise are fulfilled
the Autocalls will be automatically Exercised on 14 December 2023.

 Condition for Exercise                   If, on any Valuation Date the ETF Price is greater than or equal to the Initial
                                          ETF Price, the Note shall Automatically Exercise on the relevant Exercise
                                          Date, and the Holder shall be entitled to the Cash Settlement Amount
 
 Date of announcement of whether          Monday, December 18, 2023, by 11:00 AM
 the Condition for Exercise has
 been met


Salient information should the Condition for Exercise be met:

 Cash Settlement Amount                   R 1376.0000

 Last date to trade                       Monday, December 18, 2023

 Suspension date                          Tuesday, December 19, 2023

 Record date                              Thursday, December 21, 2023

 Payment/Redemption Date                  Friday, December 22, 2023

 Termination date                         Wednesday, December 27, 2023


Date: 30 November 2023

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: 30-11-2023 03:05:00
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