| Fri 23 Oct 2020, 9:00 | | SPIB14 - Expiry |
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SPIB14 - Expiry
INVESTEC BANK LIMITED
Reference Index S&P 500 ®
Initial INdex Level 2391.17
Expiry Date 06 November 2020
Cover Ratio 1:1
Call/Put/Other Put
Style European
Issue Size 11 922
JSE Code SPIB14
ISIN Code ZAE000244760
Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 06 November 2020 (see the related securities above).
In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised, the Holders will sell the Holder Underlying Securities to the Issuer and the Put Strike
Price will automatically accrue to the Holder via instruction through STRATE on 12 November 2020.
In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell the Holders Underlying
Securities for the Final Reference Amount and the proceeds, less the Premium, will automatically accrue to the Holder
via instruction through STRATE on 12 November 2020.
Holders may make the following elections:
A) Cash settlement: the default election at expiry is for holders to receive a cash settlement, holders are not required
to take any action should they wish to make this election
B) Underlying Securities: holders will need to inform Investec in writing by close of business on 30 October 2020 should
they wish to receive delivery of the remaining underlying securities in the event that the put option expires out of the
money
Last date to trade Friday, 06 November 2020
Date of announcement of Put Option Strike Price Monday, 09 November 2020 at 10h00
Suspension date Monday, 09 November 2020
Record Date Wednesday, 11 November 2020
Payment/Redemption Date Thursday, 12 November 2020
Termination Date Friday, 13 November 2020
Date: 23 October 2020
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 Warrants
Tel.: 0860 103 343
E-mail: warrants@investec.co.za
Sponsor:
Investec Securities (Pty) Limited
Member of the JSE
Registration Number: 1972/008905/07
Date: 23-10-2020 09:00:00
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