REG - WisdomTree Comm Secs - Compulsory Redemption of WisdomTree Nickel 3NIL

Intesa SanPaolo SpAAnnouncement

21/03/2022 15:45

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RNS Number : 4840F  WisdomTree Commodity Securities Ltd  21 March 2022

WISDOMTREE COMMODITY SECURITIES LIMITED

LEI: 21380068Q1JSIAN4FO63

21 March 2022

 

WisdomTree Commodity Securities Limited

(the "Issuer")

Compulsory Redemption of WisdomTree Nickel 3x Daily Leveraged Securities (the
"Impacted Product")

Due to continual movements in nickel prices since the 7 March 2022, on 21
March 2022 (the "Trading Day"), the Calculation Agent has determined that the
Intra-day Price of the Commodity Contracts of the same class as the Impacted
Product has fallen to or below zero during the Trading Day.

The Issuer has also now received notice from Merrill Lynch International and
Citigroup Global Markets Limited (Commodity Contract Counterparty) that the
Trading Day has been determined to be a Compulsory Pricing Date in respect of
all of the Commodity Contracts of the same class as the Impacted Product and
that therefore all of such Commodity Contracts have been terminated on the
Trading Day with no payments due to or from the Counterparty from or to the
Issuer. Accordingly, the Impacted Product was automatically subject to a
Compulsory Redemption on that day in accordance with Condition 8.8 of the
terms and conditions on and subject to which Short and Leveraged Commodity
Securities are issued.

The Redemption Amount of the Impacted Product available for distribution to
the Security Holders has been calculated as zero.

As a result, the Issuer requested on 21 March 2022 that the Impacted Product
continues to be suspended from trading on both the ETFplus market of Borsa
Italiana S.p.A and on the London Stock Exchange, and the Issuer will commence
a process to delist the Impacted Product on those exchanges.

Terms used in this notice and not otherwise defined bear the same meanings as
where used in the base prospectus of the Issuer dated 16 November 2021.

Details of the Impacted Product is set out below:

 Product Name                          ISIN            Exchange    Trading Currency    Exchange Ticker    SEDOL    Bloomberg Ticker    Reuters Instrument Code
 WisdomTree Nickel 3x Daily Leveraged  JE00BYQY5X15    LSE         USD                 3NIL               BYQY5X1  3NIL LN             3NIL.L
                                       Borsa Italiana              EUR                 3NIL               BYQQS27  3NIL IM             3NIL.MI

 

Holders of the Impacted Product are not currently required to take any action.

Further information is available on the website page of WisdomTree Commodity
Securities Limited at www.wisdomtree.eu (http://www.wisdomtree.eu) or by email
to Europesupport@wisdomtree.com

 

 

 

For and on behalf of

WisdomTree Commodity Securities Limited

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