HSI-CRJ

0.000

(%)

Structured Warrants - Final Settlement

HSI-CRJ: CW HANG SENG INDEX (KIBB)

Description
KENANGA INVESTMENT BANK BERHAD ("KIBB")

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER THE HANG SENG INDEX ("HSI") ("HSI-CRJ")
Instrument Type CALL WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 29 Nov 2023 05:00 PM
Securities Debiting Date
Settlement Indicator Out of the Money/At the Money

We wish to announce that HSI-CRJ had expired at 5.00 p.m. on 29 November 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of HSI-CRJ exercised x (1/Exercise Ratio) x (Closing Level - Exercise Level) x Index Currency Amount x Settlement Exchange Rate
= Number of HSI-CRJ exercised x (1/1,200) x (17,012.0000 - 19,500.0000) x HKD1.0000 x RM/HKD0.5971
= Number of HSI-CRJ exercised x RM0.0000

The Closing Level of 17,012.0000 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-CRJ will cease to be valid and all our obligations in respect to HSI-CRJ shall terminate absolutely.

This announcement is dated 29 November 2023.



Announcement Info

Company Name HSI-CRJ: CW HANG SENG INDEX (KIBB)
Stock Name HSI-CRJ
Date Announced 29 Nov 2023
Category Structured Warrants - Final Settlement
Reference Number SWF-29112023-00003
Corporate Action ID MY231129EXWA0003