DNBW DLC SG5xLong CNOOC

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ANNOUNCEMENT ON AIR BAG TRIGGER SUSPENSION

Unless otherwise defined, the capital terms in this Announcement shall bear the same meaning in the relevant Supplemental Listing Document dated 8 November 2018 in relation to the DLCs.

SG Issuer (Issuer) would like to notify the holders of the European Style Cash Settled Long Certificates relating to the ordinary shares of CNOOC Limited (Underlying Stock) with a Daily Leverage of 5x with counter code DNBW (DLCs) that the Underlying Stock price dropped by more than 15% at 09:30:00 a.m. (Trigger Time) on 9 March 2020, and the Air Bag Mechanism was triggered at the Trigger Time in accordance with the terms and conditions of the DLCs. Trading and market making activities for the DLCs have been suspended and the value of the Underlying Stock price will be adjusted intra-day to the New Observed Price which shall be the minimum value of the Underlying Stock, during 15 minutes after the Trigger Time.

The Issuer will release a further announcement to inform the holders when trading and market making activities for the DLCs resume.

Please refer to the website at dlc.socgen.com for more information.

Issued by

SG Issuer

9 March 2020

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Announcement on Air Bag Trigger Suspension

Unless otherwise defined, the capital terms in this Announcement shall bear the same meaning in the relevant Supplemental Listing Document dated 5 November 2018 in relation to the Affected DLCs.

SG Issuer (the “Issuer”) refers to its announcement dated 9 March 2019 regarding the trigger of the Air Bag Mechanism and corresponding suspension of the European Style Cash Settled Long Certificates relating to the ordinary shares of CNOOC Limited with daily leverage of 5x (the “Affected DLCs”) issued by the Issuer and listed on the Singapore Exchange Securities Trading Limited (the “SGX-ST”)..

The Issuer would like to notify holders of the Affected DLCs that as there has been a sharp intraday fall in the price of the Underlying Stock for more than 20% compared to its previous closing price at HK$10.62, with the New Observed Price (i.e. the Underlying Stock Price (ISIR(k))) at HK$8.36, the Affected DLCs have lost 100% of value according to the Supplemental Listing Document. In accordance with the Supplemental Listing Document, the Affected DLCs will not recover in value even if the Underlying Stock resumes trading and trades at a higher price. The trading and market making activities for the Affected DLCs will be permanently suspended.

Issued by

SG Issuer

9 March 2020

Last Price
-
0 (0.00%)
Bid
-
Ask
-
  • Open
    -
  • High
    -
  • Low
    -
  • Last Intrinsic Close
    0.000
  • Traded Value
    -
  • Volume
    -
  • Sensitivity
    0.000
  • Effective Leverage
    -122.28
Underlying Price
Previous Day Close
8.630
Air Bag Trigger Level
7.336
-0.81%
-12%
-15%
Air Bag Trigger Level
7.336
Last Update: 03/04/2020 16:01

Static Data - Daily Leverage Certificate

  • Code
    DNBW
  • Type
    Daily Long
  • ISIN
    LU1831290587
  • Guarantor
    SG
  • Underlying Asset
    CNOOC LTD (0883.HK)
  • Leverage Factor
    5x
  • Issuer
    SG Issuer
  • Issued Qty
    -
  • Expiry
    05/11/2021
  • Air Bag Trigger Level
    -15%
  • Currency
    SGD
  • Listing Date
    07/11/2018
  • Underlying Currency
    HKD

Trading Data

  • Sensitivity
    0.000
  • Outstanding Qty / (%)
    -
  • % Spread
    0.00%
  • Outstanding Change
    -

Costs and Fees

  • Management Fee
    0.4% per annum
  • Gap Premium
    4.6% per annum
  • Daily Cost / (%)
    0.000000 (0.00%)

Legal Documents

DLC SG5xLong CNOOC

Last Intrinsic Close
Last Update: 03/04/2020 16:01

0883.HK

Last Close
Last Update: 03/04/2020 16:01

Historical Performance Data

  Day Before 1 week 1 month 6 months
Product - - - -
Underlying 0.00% +10.17% -22.60% -25.82%
Last Update: 03/04/2020 16:01