Structured Warrants - Final Settlement
| HSI-HAO: PW HANG SENG INDEX (CIMB) |
| Description | CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED PUT WARRANTS OVER THE HANG SENG INDEX ("HSI") ("HSI-HAO") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Jul 2020 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.4039 |
| Payment Date | 11 Aug 2020 |
We wish to announce that the HSI-HAO 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-HAO x (Exercise Level - Closing Level) x (1/Exercise Ratio) x Multiplier x Settlement Exchange Rate = Number of HSI-HAO x (27,550.00 - 24,967.00) x (1/3500) x RM1 x RM/HKD 0.5473 = Number of HSI-HAO x RM0.4039 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. The Cash Settlement Amount shall be made by way of cheque or such other mode as may be approved by Bursa Malaysia Securities Berhad and determined by us, within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post. This announcement is dated 30 July 2020. |
Announcement Info
| Company Name | HSI-HAO: PW HANG SENG INDEX (CIMB) |
| Stock Name | HSI-HAO |
| Date Announced | 30 Jul 2020 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30072020-00021 |
| Corporate Action ID | MY200730EXWA0021 |