Apply for IPO - Investec S&P 500 Digital Plus

Investec S&P 500 Digital Plus  

Relevant Documents

Details of the offer

Introduction

Investec Structured Products presents the Investec S&P 500 Digital Plus (Digital Plus), a JSE listed structured product issued by Investec Bank Limited, designed to provide investors exposure to the S&P 500 index with both uncapped upside and a high level of capital protection. The investor receives exposure to the performance of the S&P500 Index for a three and a half year term. At maturity, if the final index level is at or higher than the initial index level at inception then the Digital Plus will pay the investor a minimum return of 44%. Further, if the growth in the Index exceeds 44%, the investor will receive the excess growth in the Index, simply put; returns are unlimited and will not be capped. The investor’s return is calculated in South African Rands. In addition, if the index has fallen below the initial index level at maturity, the investors will receive back their initial investment in full, provided the index does not end down more than 40% on the maturity date, however if it does the principal protection falls away, and the investor is exposed to the full downside move from the initial index level.

 

Summary of offering

 

How does the principal protection work?

At expiry if the Index has fallen from the Initial Index Level, the investors will receive back their initial investment in full, provided that the index does not end down more than 40% on the maturity date, and that there is no credit event in respect of Investec Bank Ltd or Standard Chartered plc as the Credit Reference Entity. If, however, the index closes below 60% the principal protection falls away, and the investor is exposed to the full downside move from the initial index level.

 

Important dates

Closing date

02 September 2019

Trade date

06 September 2019

Listing date

20 September 2019

Maturity date  

6 March 2023

Allocation of the units to investors stockbroking account

23 September 2019

Settlement date

Maturity date plus 5 business days


Important Notes:

The value of the shares applying for

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