Structured Warrants - Final Settlement
| SP500-H23: PW S&P 500 INDEX (MACQ) |
| Description | MACQUARIE CAPITAL SECURITIES (MALAYSIA) SDN. BHD. ("MACQ")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED PUT WARRANTS OVER UNITS OF S&P 500® INDEX ("SP500") ("SP500-H23") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 19 Jun 2023 09:00 AM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We are pleased to announce that the SP500-H23 have expired at 9:00 a.m. on 19 June 2023 ("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 (3,600.0000 - 4,453.3500) X (1/1500.0000) X USD1.00 X RM/USD 4.6150
= Number of Structured Warrants X RM 0.0000
The Settlement Level has been determined at 4,453.3500, being the final settlement price for the futures contracts over SP500 scheduled to expire on 16 June 2023.
As the Settlement Level is greater than the Exercise Level, the Cash Settlement Amount is negative. Warrantholders will not be entitled to receive any payment of the Cash Settlement Amount.
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 19 June 2023. |
Announcement Info
| Company Name | SP500-H23: PW S&P 500 INDEX (MACQ) |
| Stock Name | SP500-H23 |
| Date Announced | 19 Jun 2023 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-16062023-00002 |
| Corporate Action ID | MY230616EXWA0002 |