Structured Warrants - Final Settlement
| HSI-C9N: CW HANG SENG INDEX (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER THE HANG SENG INDEX ("HSI") ("HSI-C9N") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Jul 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that the HSI-C9N expired at 5.00 p.m. on 30 July 2020 (Expiry Date) and the Cash Settlement Amount shall be calculated as below. Cash Settlement Amount = Number of HSI-C9N x (Closing Level - Exercise Level) x (1/Exercise Ratio) x Multiplier x Settlement Exchange Rate = Number of HSI-C9N x (24,967.00 - 29,000.00) x (1/3500) x RM1 x RM/HKD 0.5473 = Number of HSI-C9N x RM0.0000 The Closing Level of 24,967.00 is the reference to the final settlement price for settling the corresponding spot-month index future contracts immediately before the Expiry Date. As the Cash Settlement Amount is less than zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised HSI-C9N will cease to be valid and all our obligations in respect of the HSI-C9N shall terminate absolutely. This announcement is dated 30 July 2020. |
Announcement Info
| Company Name | HSI-C9N: CW HANG SENG INDEX (CIMB) |
| Stock Name | HSI-C9N |
| Date Announced | 30 Jul 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30072020-00031 |
| Corporate Action ID | MY200730EXWA0031 |