Structured Warrants - Final Settlement
HSI-HGV: PW HANG SENG INDEX (MACQ) |
Description | MACQUARIE CAPITAL SECURITIES (MALAYSIA) SDN. BHD. ("MACQ") EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED PUT WARRANTS OVER UNITS OF HANG SENG INDEX ("HSI") ("HSI-HGV") |
Instrument Type | PUT WARRANTS |
Exercise Style | European |
Settlement Type | Cash |
Date & Time of Expiry | 30 Aug 2021 05:00 PM |
Securities Debiting Date | |
Settlement Indicator | In the money |
Cash Entitlement | |
Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 0.1491 |
Payment Date | 03 Sep 2021 |
We are pleased to announce that the HSI-HGV have expired at 5.00 p.m. on 30 August 2021 ("Expiry Date"). The Cash Settlement Amount shall be an amount in the Settlement Currency (if greater than zero), calculated as follows: Cash Settlement Amount = Number of Structured Warrants X (Exercise Level - Settlement Level) X (1/Exercise Ratio) X Multiplier X Settlement Exchange Rate = Number of Structured Warrants X (25,800.0000 - 25,465.0000) X (1/1200.0000) X HKD1.00 X RM/HKD 0.5340 = Number of Structured Warrants X RM 0.1491 The Settlement Level has been determined at 25,465.0000, being the final settlement price for settling the corresponding spot-month index futures contracts scheduled to expire on the scheduled Expiry Date. The Cash Settlement Amount, less all exercise expenses (currently borne by the Issuer and no charge shall be incurred by the Holder) shall be made by way of cheque within 7 Market Days from the Expiry Date. The cheques will be delivered to Holders by ordinary post. Terms not defined in this announcement shall have the meanings given to them in the Term Sheet for the warrants and the Base Prospectus. This announcement is dated 30 August 2021. |
Announcement Info
Company Name | HSI-HGV: PW HANG SENG INDEX (MACQ) |
Stock Name | HSI-HGV |
Date Announced | 30 Aug 2021 |
Category | Structured Warrants - Final Settlement |
Reference Number | SWF-30082021-00041 |
Corporate Action ID | MY210830EXWA0041 |