Structured Warrants - Final Settlement
| HSI-COE: CW HANG SENG INDEX (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER THE HANG SENG INDEX ("HSI") ("HSI-COE") |
| Instrument Type | CALL WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Jun 2023 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that HSI-COE had expired at 5.00 p.m. on 30 June 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of HSI-COE exercised x (1/Exercise Ratio) x (Closing Level - Exercise Level) x Index Currency Amount x Settlement Exchange Rate
= Number of HSI-COE exercised x (1/2,000) x (18,916.0000 - 23,000.0000) x HKD1.0000 x RM/HKD0.5954
= Number of HSI-COE exercised x RM0.0000
The Closing Level of 18,916.0000 is the reference to the final settlement price for settling the corresponding spot-month index futures contracts on 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-COE will cease to be valid and all our obligations in respect to HSI-COE shall terminate absolutely.
This announcement is dated 30 June 2023. |
Announcement Info
| Company Name | HSI-COE: CW HANG SENG INDEX (KIBB) |
| Stock Name | HSI-COE |
| Date Announced | 30 Jun 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30062023-00039 |
| Corporate Action ID | MY230630EXWA0039 |