Expiry of ESPIBG
INVESTEC BANK LIMITED
EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESPIBG)
Reference Index S&P500® Index
Strike Price 1875.39
Expiry Date 20 July 2017
Cover Ratio 1:1
Issue Size 9,734
ISIN Code ZAE000190906
JSE Code ESPIBG
Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 20 July 2017 (see the related securities above).
In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised and the Holders will sell the Holder Underlying Securities to the Issuer, and the Put
Strike Price will automatically accrue to the Holder via instruction through STRATE on 26 July 2017.
In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money, and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell so many of the
Holder Underlying Securities required to settle the Premium and the Holder will then be entitled to delivery of the
balance of the Holder Underlying Securities, through STRATE on 26 July 2017.
Each Holder may elect and request the Issuer to utilize the abovementioned settlement amount to reinvest into a new
quantity of ESPs (“the new ESP”). The terms and conditions of the new ESP series will be governed by a new Pricing
Supplement. Investec will, if so elected by the Holder, settle any amount due to Holder pursuant to the expiry of the
existing ESPs by allocation of new ESPs which will be listed on or before 04 August 2017.
Holders of ESPIBG will be notified on 26 July 2017 and to the extent applicable, the number of new ESPs that will be
allocated per each ESPIBG.
Date: 07 July 2017
Copies of the offering circular may be obtained from:
Investec Bank Limited
100 Grayston Drive
For further information contact:
Tel.: 011 286-4672
Investec Securities (Pty) Ltd
Member of the JSE
Registration number. 1972/008905/07)
Date: 07/07/2017 12:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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