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Holiday Warrant - Treasure Planet H$70
| Symbol: | HWTPL |
| Status: | Inactive |
| Delist Date: | Feb 18, 2003 |
Description
MovieStock®: Treasure Planet
The Holiday Warrants allow traders an opportunity to invest in the long-term financial success of the biggest and best studio offerings for the upcoming holiday season. Holiday Warrants are similar to Call Options. The strike price is the estimated total domestic box-office take by President's Weekend 2003.
If the particular film makes the strike price by February 17, 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 Die Another Day Holiday Warrant has a H$120 strike price. If Die Another Day makes $140 million domestically, then the Die Another Day Holiday Warrant will cash out at H$20 per share. (Box Office - Strike Price [$140-$120]). If Die Another Day makes less than $120 million, then the warrant will cash out at H$0.
Holiday Warrants will cash out on February 18, 2003.
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