HSI-HPC

0.085

(%)

Structured Warrants - Final Settlement

HSI-HPC: 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-HPC")
Instrument Type PUT WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 28 Dec 2023 05:00 PM
Securities Debiting Date
Settlement Indicator Out of the Money/At the Money

We wish to announce that HSI-HPC had expired at 5.00 p.m. on 28 December 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of HSI-HPC exercised x (1/Exercise Ratio) x (Exercise Price - Closing Price) x Index Currency Amount x Exchange Settlement Rate
= Number of HSI-HPC exercised x (1/1,200) x (16,000.0000 - 16,939.0000) x HKD1.0000 x RM/HKD0.5900
= Number of HSI-HPC exercised x RM0.0000 

The Closing Level of 16,939.0000 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-HPC will cease to be valid and all our obligations in respect to HSI-HPC shall terminate absolutely.


This announcement is dated 28 December 2023.



Announcement Info

Company Name HSI-HPC: PW HANG SENG INDEX (KIBB)
Stock Name HSI-HPC
Date Announced 28 Dec 2023
Category Structured Warrants - Final Settlement
Reference Number SWF-28122023-00035
Corporate Action ID MY231228EXWA0035