Facebook Call Warrant by AmBank
Facebook Inc (FB.O), the social networking giant, just make a debut at Nasdaq on last Friday(18/5/2012) which open at $38(RM118.94) issue price.
As at today, the stock price has drop to $34.03 which the closing price has sank 11 percent in its second day of trading.
Welcome to the world of emotional trading!
Since Facebook’s shares are not be readily accessible to Malaysia investors, Ambank has issue a call warrant on Facebook.
For those individual retail investors who wish to access and opportunity to participate in Facebook’s stock performance, they can trade this call warrant.
It also has allow you(Malaysian) to have domestic exposure to the Nasdaq-listed entity which is currently the world’s largest technology IPO.
The call warrant on Facebook is priced at 15 sen each with a gearing of 13.99 times. It would be listed via the market making method and traded on Bursa Malaysia.
The tenures is of approximately 10 months with an issue size of up to 100 million.
Underlying Stock: FB Shares, which are quoted on NASDAQ
Issuer : AmBank
Instrument : European style cash settled call warrants over FB Shares
Issue Size : Up to 100,000,000 FB CW
Warrant Name /Code: FB-C1 /0560C1
Listing Date: 23-5-2012
Expiry Date: 04-03-2013
Issue Price: MYR0.150
Exercise Price: USD48.80
Exercise Ratio: 50:1