HSI-HPL

0.010

(%)

Structured Warrants - Final Settlement

HSI-HPL: 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-HPL")
Instrument Type PUT WARRANTS
Exercise Style European
Settlement Type Cash
Date & Time of Expiry 30 Jan 2024 05:00 PM
Securities Debiting Date
Settlement Indicator Out of the Money/At the Money

We wish to announce that HSI-HPL had expired at 5.00 p.m. on 30 January 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of HSI-HPL exercised x (1/Exercise Ratio) x (Exercise Price - Closing Price) x Index Currency Amount x Exchange Settlement Rate
= Number of HSI-HPL exercised x (1/1,200) x (15,000.0000 - 15,765.0000) x HKD1.0000 x RM/HKD0.6049
= Number of HSI-HPL exercised x RM0.0000 

The Closing Level of 15,756.0000 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-HPL will cease to be valid and all our obligations in respect to HSI-HPL shall terminate absolutely.

This announcement is dated 30 January 2024.



Announcement Info

Company Name HSI-HPL: PW HANG SENG INDEX (KIBB)
Stock Name HSI-HPL
Date Announced 30 Jan 2024
Category Structured Warrants - Final Settlement
Reference Number SWF-30012024-00020
Corporate Action ID MY240130EXWA0020