Structured Warrants - Final Settlement
Amended Announcements
Please refer to the earlier announcement
reference number: SWF-29092022-00014
| HSI-HED: 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-HED") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 29 Sep 2022 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | In the money |
| Cash Entitlement | |
| Cash Settlement Amount (Per Unit) | Malaysian Ringgit (MYR) 1.0765 |
| Payment Date | 11 Oct 2022 |
We wish to announce that HSI-HED had expired at 5.00 p.m. on 29 September 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of HSI-HED exercised x (1/Exercise Ratio) x (Exercise Level - Closing Level) x Index Currency Amount x Settlement Exchange Rate
= Number of HSI-HED exercised x (1/2,000) x (21,000.0000 - 17,346.0000) x HKD1.0000 x RM/HKD0.5892
= Number of HSI-HED exercised x RM1.0765
The Closing Level of 17,346.0000 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 4 October 2022. |
Announcement Info
| Company Name | HSI-HED: PW HANG SENG INDEX (KIBB) |
| Stock Name | HSI-HED |
| Date Announced | 04 Oct 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-04102022-00003 |
| Corporate Action ID | MY220929EXWA0014 |