HSBC Holdings plc Call Warrants Issued by UBS Securities Asia Limited
HSBC Holdings plc, a British multinational banking and financial services organization, has been the subject of a call warrant issue by UBS Securities Asia Limited. The call warrant, with a stock code of 13012, was launched on May 29, 2020, and is scheduled to expire on November 23, 2020. The warrant is a European-style cash-settled option, tied to the performance of HSBC's existing issued ordinary shares.
The call warrant allows investors to purchase 10 warrants for every share they own, with each warrant entitled to purchase one board lot of shares. The issue price of the warrant is HKD 0.150, and the exercise price is HKD 38.930. The implied volatility of the warrant is 24.30%, and the effective gearing is 8.69x. The premium for the warrant is 11.69%.
Key Takeaways:
- The call warrant is a European-style cash-settled option tied to the performance of HSBC Holdings plc's existing issued ordinary shares.
- The issue size of the call warrant is 100,000,000 warrants.
- The warrant allows investors to purchase 10 warrants for every share they own, with each warrant entitled to purchase one board lot of shares.
- The issue price of the warrant is HKD 0.150, and the exercise price is HKD 38.930.
- The implied volatility of the warrant is 24.30%, and the effective gearing is 8.69x.
- The premium for the warrant is 11.69%.
- The valuation date for the warrant is each of the five business days immediately preceding the expiry date.
- The settlement date for the warrant is the third CCASS Settlement Day after the later of the expiry date and the day the average price is determined.
Statistics:
- Issue size: 100,000,000
- Issue price: HKD 0.150
- Exercise price: HKD 38.930
- Implied volatility: 24.30%
- Effective gearing: 8.69x
- Premium: 11.69%
Sources:
- UBS Securities Asia Limited
- HSBC Holdings plc
- The Hong Kong Stock Exchange
- https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0601/2020060102875.pdf