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INVESTEC BANK LIMITED - CANCELLATION OF S489373 Potential automatic exercise and coupon - USSIIA

Release Date: 14/05/2024 17:24
Code(s): USSIIA
Wrap Text
CANCELLATION OF S489373 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: 14-05-2024 05:24:59
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