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INVESTEC BANK LIMITED - No exercise of KSEIIA autocall notes

Release Date: 18/12/2023 09:20
Code(s): KSEIIA     PDF:  
Wrap Text
No exercise of KSEIIA autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   Krane Shares CSI China Internet ETF

 Strike Price                       38.6566

 Expiry Date                        14 December 2026

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         300 000

 Listing Code                       KSEIIA

 ISIN Code                          ZAE000305876


UPDATE ANNOUNCEMENT - NO EXERCISE OF KSEIIA AUTOCALL NOTES (AUTOCALLS) ON 14 December
2023

Holders are referred to the SENS announcement dated 30 November 2023, the conditions for Exercise were not met
and the Autocalls were not automatically exercised on 14 December 2023. The dates referred to in the SENS
announcement dated 30 November 2023 are not applicable.

 Condition for Exercise                   If, on any Valuation Date the ETF Price is greater than or equal to the Initial
                                          ETF Price, the Note shall Automatically Exercise on the relevant Exercise
                                          Date, and the Holder shall be entitled to the Cash Settlement Amount
 
 Closing level of the Underlying          27.34
 Asset on 14 December 2023

 Remaining Exercise Dates                 Tuesday, December 17, 2024
                                          Monday, December 15, 2025
                                          Monday, December 14, 2026


Date: 18 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: 18-12-2023 09:20:00
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