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INVESTEC BANK LIMITED - No exercise of BATIIL autocall notes

Release Date: 08/12/2023 12:35
Code(s): BATIIL     PDF:  
Wrap Text
No exercise of BATIIL autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   British American Tobacco PLC (London)

 Strike Price                       3,410.5000

 Expiry Date                        07 December 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         200 000

 Listing Code                       BATIIL

 ISIN Code                          ZAE000317152


UPDATE ANNOUNCEMENT - NO EXERCISE OF BATIIL AUTOCALL NOTES (AUTOCALLS) ON 07 December
2023

Holders are referred to the SENS announcement dated 23 November 2023, the conditions for Exercise were not met
and the Autocalls were not automatically exercised on 07 December 2023. The dates referred to in the SENS
announcement dated 23 November 2023 are not applicable.

 Condition for Exercise                   Closing level of the Underlying Asset on 07 December 2023, multiplied by the
                                          Dividend Adjustment Performance, is greater than the Initial Asset Price

 Closing level of the Underlying          2315.00
 Asset on 07 December 2023

 Remaining Exercise Dates                  Monday, December 9, 2024
                                           Monday, December 8, 2025
                                           Monday, December 7, 2026
                                           Friday, December 17, 2027



Date: 8 December 2023

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: 08-12-2023 12:35:00
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