Structured Warrants - Final Settlement
| HSI-HES: 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-HES") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 30 Nov 2022 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that HSI-HES had expired at 5.00 p.m. on 30 November 2022 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of HSI-HES exercised x (1/Exercise Ratio) x (Exercise Price - Closing Price) x Index Currency Amount x Exchange Settlement Rate
= Number of HSI-HES exercised x (1/2,000) x (17,000.0000 - 17,908.0000) x HKD1.0000 x RM/HKD0.5771
= Number of HSI-HES exercised x RM0.0000
The Closing Level of 17908.0000 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-HES will cease to be valid and all our obligations in respect to HSI-HES shall terminate absolutely.
This announcement is dated 30 November 2022. |
Announcement Info
| Company Name | HSI-HES: PW HANG SENG INDEX (KIBB) |
| Stock Name | HSI-HES |
| Date Announced | 30 Nov 2022 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-30112022-00004 |
| Corporate Action ID | MY221130EXWA0004 |