Boost Issuer PLC Boost Issuer Plc : Miscellaneous
27 June 2016 - 11:26PM
UK Regulatory
TIDM3LOI
BOOST ISSUER PUBLIC LIMITED COMPANY
2 Grand Canal Square, Grand Canal Harbour, Dublin 2, Ireland
Monday, 27 June 2016
Rebalancing of Boost EURO STOXX Banks 3x Leverage Daily ETP Securities
At 8:40.45 am (London time) on 24 June 2016 (the "Restrike Date"),
market volatility caused by the United Kingdom's EU referendum result
triggered a Restrike Event in respect of the Boost EURO STOXX Banks 3x
Leverage Daily ETP Securities (ISIN: IE00BLS09N40 / WKN: A18HC8) (the
"Affected Boost ETPs").
All leveraged ETP Securities issued by Boost Issuer PLC (the "Leveraged
Boost ETPs") incorporate an intraday rebalancing mechanism to protect
the holders of Leveraged Boost ETPs in the event of extreme market
movements on any Valuation Date. In the case of Leveraged Boost ETPs
offering long exposures (such as the Affected Boost ETPs), a Restrike
Event occurs when the value of their Benchmark Index falls by more than
a relevant trigger level called the "Restrike Threshold". The relevant
Leveraged Boost ETPs are then rebalanced to alleviate the risk of a fall
of 100% in their value, as described in the Prospectus.
Following the process set out in the Prospectus for Restrike Events and
using information provided by the Swap Calculation Agent, the
Determination Agent has determined that, in respect of the Affected
Boost ETPs and the Restrike Date, the Restrike Price per ETP Security
was EUR 12.04324and the Price per ETP was EUR 11.5483122.
The Affected Boost ETPs traded through the Restrike Date and are
currently trading normally.
(All capitalised terms used but not defined in this communication will
have the meanings given to them in the Prospectus for the Affected Boost
ETPs, which is publicly available on the Issuer's website:
http://www.boostetp.com)
Boost Issuer Public Limited Company
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Boost Issuer PLC via Globenewswire
HUG#2023280
http://www.boostetp.com/
(END) Dow Jones Newswires
June 27, 2016 09:26 ET (13:26 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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