Kuala Lumpur, 26 November 2015 – Maybank Investment Bank Berhad (“Maybank IB”) is issuing two new European style cash settled call warrants and two new European style cash settled put warrants over the FTSE Bursa Malaysia KLCI (“FBMKLCI”) (“Structured Warrants”). The Structured Warrants were listed today with an issue size of 100 million each.
For the past 10 months, the Malaysian financial market volatility has been driven by several external factors including China’s devaluation of the Yuan, ongoing oil price instability, and the prospect of US Feds raising interest rates. Domestically, the weakening ringgit has also affected the stock market performance. In August 2015, the FBMKLCI plunged below 1,550 to its year to-date low but has since recovered to 1,661.89 on 20 November 2015. This tranche offers both call and put warrants over the FBMKLCI targeting investors who have a directional view on the Malaysian market; investors with a bullish view towards the market can opt for the call warrants while those with a bearish view can trade the put warrants.
The call warrants have the following gearings, FBMKLCI-C30 (6.93x), FBMKLCI-C32 (6.93x), FBMKLCI-H33 (9.24x), and FBMKLCI-H35 (9.24x). The tenure of all four Structured Warrants is approximately 10 months.
The terms and conditions of the above Structured Warrants are stated in their respective term sheets and investors should read the term sheets together with the Base Prospectus dated 2 October 2015, any other supplement to the Base Prospectus and the supplemental provisions contained in this Term Sheet and successor documents issued.