Structured Warrants - Final Settlement
| HSI-HWW: 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-HWW") |
| Instrument Type | PUT WARRANTS |
| Exercise Style | European |
| Settlement Type | Cash |
| Date & Time of Expiry | 27 Sep 2024 05:00 PM |
| Securities Debiting Date | |
| Settlement Indicator | Out of the Money/At the Money |
We wish to announce that HSI-HWW had expired at 5.00 p.m. on 27 September 2024 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:
Cash Settlement Amount
= Number of HSI-HWW exercised x (1/Exercise Ratio) x (Exercise Price - Closing Price) x Index Currency Amount x Exchange Settlement Rate
= Number of HSI-HWW exercised x (1/1,200) x (16,000.0000 - 20,469.0000) x HKD1.0000 x RM/HKD0.5299
= Number of HSI-HWW exercised x RM0.0000
The Closing Level of 20,469.0000 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-HWW will cease to be valid and all our obligations in respect to HSI-HWW shall terminate absolutely.
This announcement is dated 27 September 2024. |
Announcement Info
| Company Name | HSI-HWW: PW HANG SENG INDEX (KIBB) |
| Stock Name | HSI-HWW |
| Date Announced | 27 Sep 2024 |
| Category | Structured Warrants - Final Settlement |
| Reference Number | SWF-27092024-00034 |
| Corporate Action ID | MY240927EXWA0034 |