Potential automatic exercise and coupon - USSIIA
INVESTEC BANK LIMITED
Underlying Indices and Initial S&P 500 Index 4,158.24
Index Levels FTSE 100 Index 7,585.46
Euro Stoxx Select Dividend 30 Index 1,740.38
Expiry Date 30 May 2028
Cover Ratio 1:1
Call/Put/Other Call
Style Bermudan
Issue Size 100 000
JSE Code USSIIA
ISIN Code ZAE000311395
POTENTIAL AUTOMATIC EXERCISE OR COUPON PAYMENT OF USSIIA AUTOCALL NOTES (AUTOCALLS) ON 28 MAY 2024
Investec Bank Limited, as Issuer of the above Autocall Notes ("Autocalls"), hereby notifies Holders of either:
(a) the potential automatic Exercise on 28 May 2024 (see the related securities above) or
(b) the potential payment of a coupon.
If the conditions for Exercise are fulfilled the Autocalls will be automatically Exercised on 28 May 2024, or if the Conditions
for Coupon Payment are fulfilled then the Autocalls will not be automatically exercised on 28 May 2024 but a Coupon
Payment will be paid.
POTENTIAL AUTOMATIC EXERCISE
Condition for Exercise Closing level of all Underlying Indices on 28 May 2024 is equal to or greater
than the respective Initial Index Levels
Date of announcement of whether Thursday, 30 May 2024, by 11h00
the Condition for Exercise has
been met
Salient information should the Condition for Exercise be met:
Cash Settlement Amount R1,130.0000
Last date to trade Thursday, 30 May 2024
Suspension date Friday, 31 May 2024
Record date Tuesday, 04 June 2024
Payment/Redemption Date Wednesday, 05 June 2024
Termination date Thursday, 06 June 2024
CONDITIONAL COUPON
Investec Bank Limited, as Issuer of the above Autocall Notes ("Autocalls"), hereby notifies Holders of the potential
payment of a Coupon on the Autocalls which is conditional on the levels of all of the Underlying Indices on 28 May 2024
(see the related securities above). If the conditions are fulfilled the Coupon will accrue on 28 May 2024.
Conditions for Coupon Payment Closing level of all the Underlying Indices on 28 May 2024 is at or above 85%
and is less than 100% of the Initial Index Levels.
Date of announcement of whether Thursday, 30 May 2024, by 11h00
the Condition for the Coupon
Payment has been met
Salient information should the Conditions for Coupon Payment be met:
Coupon Amount R130.0000
Last date to trade Thursday, 30 May 2024
Suspension date Friday, 31 May 2024
Record date Tuesday, 04 June 2024
Coupon Payment Date Wednesday, 05 June 2024
Date: 13 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: 13-05-2024 04:33:00
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