Investec Structured Products presents the Investec S&P 500 Wealth Accelerator II (Wealth Accelerator II), designed to double the return in US Dollars of the S&P 500 Index (Index) over the term of the investment. The Wealth Accelerator provides the investor with 100% Rand Capital Protection at maturity. In addition, the Wealth Accelerator II provides investors with 2 times the growth in the S&P 500 Index to a cap of 25%, giving a maximum return of 50% in US Dollars. Should the Index have a negative return over the 3.5 year period, the investor will not suffer a loss, as the investment is 100% Capital Protected in Rand. The Wealth Accelerator II is a structured product issued by Investec Bank Limited (Investec) and listed on the JSE. The listing provides investors with the ability to hold the Wealth Accelerator II in their stock broking account and daily liquidity is provided on the JSE trading system. The Wealth Accelerator II is credit linked and accordingly the investor takes credit risk on both Investec Bank Limited, as Issuer, and BNP Paribas SA (BNP), as the Credit Linked Reference Entity.
Early Redemptions are made by selling the Wealth Accelerator II on the JSE and will be subject to the rules of the JSE settlement system. Investec will be a market maker for the Wealth Accelerator II at the prevailing mark to market rate of the instrument, less a bid to mid of 1% spread. The price of the Wealth Accelerator II is subject to various factors including volatility, prevailing interest rates, exchange rates and market levels and investors should be aware that the Capital Protection, if any, is only applicable at maturity. Please note that the JSE price may not reflect the price at which Investec is prepared to trade
Listing Date on the JSE
Allocation of the units to investors accounts