Blockbuster Warrant - The Italian Job H$80
| Symbol: | BWITJ |
| Status: | Inactive |
| Delist Date: | Sep 2, 2003 |
Description
MovieStock®: The Italian Job
The Blockbuster Warrants allow traders an opportunity to invest in the long-term financial success of the biggest and best studio offerings for the summer season. Blockbuster Warrants are similar to Call Options. The strike price is the estimated total domestic box-office take through Labor Day Weekend 2003.
If the particular film makes the strike price by September 1, 2003, the warrant will cash out at the difference between the actual box office and the strike price. If the film does not hit the strike price, then the warrant will cash out at zero.
Example: The The Matrix Reloaded Blockbuster Warrant has a H$300 strike price. If The Matrix Reloaded makes $325 million domestically, then the The Matrix Reloaded Blockbuster Warrant will cash out at H$25 per share. (Box Office - Strike Price [$325-$300]). If The Matrix Reloaded makes less than $300 million, then the warrant will cash out at H$0.
Blockbuster Warrants will cash out on September 2, 2003.
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