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INVESTEC BANK LIMITED - Potential automatic exercise of SCRIIB autocall notes

Release Date: 08/05/2024 11:10
Code(s): SCRIIB     PDF:  
Wrap Text
Potential automatic exercise of SCRIIB autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   SCOR SE (Paris)

 Strike Price                       2500.57

 Expiry Date                        26 May 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 JSE Code                           SCRIIB

 ISIN Code                          ZAE000311254


     POTENTIAL AUTOMATIC EXERCISE OF SCRIIB AUTOCALL NOTES (AUTOCALLS) ON 24 MAY 2024

Investec Bank Limited, as Issuers of the above Autocall Notes ("Autocalls"), hereby notifies Holders of the potential
automatic Exercise on 24 May 2024 (see the related securities above). If the conditions for Exercise are fulfilled the
Autocalls will be automatically Exercised on 24 May 2024.

 Condition for Exercise                   Closing level of the Underlying Asset on 24 May 2024 multiplied by the Share
                                          Adjustment Factor, is greater than the Initial Asset Price

 Date of announcement of whether          Monday, 27 May 2024, by 11h00
 the Condition for Exercise has
 been met

Salient information should the Condition for Exercise be met:

 Cash Settlement Amount                   R1,660.0000

 Last date to trade                       Monday, 27 May 2024

 Suspension date                          Tuesday, 28 May 2024

 Record date                              Friday, 31 May 2024

 Payment/Redemption Date                  Monday, 03 June 2024

 Termination date                         Tuesday, 04 June 2024



Date: 08 May 2024

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: 08-05-2024 11:10:00
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