Structured Warrants - Final Settlement
| HSI-HMV: PW HANG SENG INDEX (KIBB) |
| Description | KENANGA INVESTMENT BANK BERHAD ("KIBB")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED PUT WARRANTS OVER THE HANG SENG INDEX ("HSI") ("HSI-HMV") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Mar 2022 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 1.2807 |
| Payment Date | 08 Apr 2022 |
We wish to announce that HSI-HMV had expired at 5.00 p.m. on 30 March 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of HSI-HMV exercised x (1/Exercise Ratio) x (Exercise Level - Closing Level) x Index Currency Amount x Settlement Exchange Rate
= Number of HSI-HMV exercised x (1/2,000) x (27,000.0000 - 22,232.0000) x HKD1.0000 x RM/HKD0.5372
= Number of HSI-HMV exercised x RM1.2807
The Closing Level of 22,232.0000 is the reference to the final settlement price for settling the corresponding spot-month index futures contracts on the Expiry Date.
The Cash Settlement Amount will be delivered to the warrantholders by ordinary post within seven (7) market days from the Expiry Date.
This announcement is dated 30 March 2022. |
Announcement Info
| Company Name | HSI-HMV: PW HANG SENG INDEX (KIBB) |
| Stock Name | HSI-HMV |
| Date Announced | 30 Mar 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30032022-00014 |
| Corporate Action ID | MY220330EXWA0014 |