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INVESTEC BANK LIMITED - Change of formula in cash settlement amount - ASXIIA

Release Date: 05/07/2024 15:25
Code(s): ASXIIA     PDF:  
Wrap Text
Change of formula in cash settlement amount -  ASXIIA

INVESTEC BANK LIMITED

AMENDMENT AND RESTATEMENT OF THE PRICING SUPPLEMENT ISSUED IN RELATION TO THE AUTOCALL
NOTES (NOTES) - ASXIIA
Investec Structured Product Notes Commencement Date: 11 October 2021



 Index                              S&P ASX 200 Index
 Initial Index Level                7320.10
 Expiry Date                        07 April 2025
 Cover Ratio                        1:1
 Call/Put/Other                     Call
 Style                              European
 Issue Size                         850 000
 JSE Code                           ASXIIA
 ISIN Code                          ZAE000303566

                                  Change of formula in Cash Settlement Amount

Holders are hereby advised that the Cash Settlement Amount as described in the Pricing Supplement will be amended
to reflect the correct formula used to calculate the Cash Settlement Amount as follows:

"Cash Settlement Amount per Note = Notional x [1+ Max (60%, ((FIL/IIL)-1)]"

The amendment is necessary to correct a technical error of the Cash Settlement Amount formula.

The change will be effective from 5 July 2024.

An Amended and Restated Pricing Supplement will be published on the Issuer's website www.investecwarrants.com

5 July 2024


Copies of the Offering Circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196

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: 05-07-2024 03:25:00
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