3LOI Wt Wticruoil3x

 
TIDM3LOI 
 
 
   THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF THE 
IMPACTED SECURITYHOLDERS (AS DEFINED BELOW). 
 
   LEI: 2138003QW2ZAYZODBU23 
 
   22 March 2021 
 
   WisdomTree Multi Asset Issuer PLC 
 
   (the "Issuer") 
 
   Compulsory Redemption of WisdomTree EURO STOXX Banks 3x Daily Short 
(ISIN: IE00BLS09P63) (the "Impacted Securities") 
 
   This notice relates to the Impacted Securities issued pursuant to the 
Issuer's Collateralised ETP Securities Programme (the "Programme") and 
its base prospectus dated 16 November 2020 (the "Base Prospectus"). The 
holders of the Impacted Securities are referred to in this notice as the 
"Impacted Securityholders". Terms used in this notice but not otherwise 
defined bear the same meanings as used in the Base Prospectus. 
 
 
   1. Summary: 
 
          -- A Compulsory Redemption Event occurred on 8 March 2021 in respect 
             of the Impacted Securities. 
 
          -- In accordance with the Conditions, the Issuer is required to 
             designate a Compulsory Redemption Date for the Impacted 
             Securities. 
 
          -- This notice provides information on the Compulsory Redemption Date 
             and other important dates relating to the redemption of the 
             Impacted Securities. 
 
   2. Background: 
 
 
   The Issuer notes pursuant to Condition 8.6(A) of the Impacted Securities 
that a Threshold Event Date occurred in respect of the Impacted 
Securities on 16 November 2020.  This Threshold Event Date occurred when 
the Price of the Impacted Securities fell below 500% of the Principal 
Amount of the Impacted Securities. 
 
   The Issuer further notes that on 8 March 2021 ("8 March Threshold 
Event") the Price of the Impacted Securities fell below 200% of the 
Principal Amount of the Impacted Securities; the 8 March Threshold Event 
being more than 60 calendar days after the Threshold Event Date on 16 
November 2020. Accordingly, a Compulsory Redemption Event has occurred 
in accordance with Condition 8.8(B) of the Impacted Securities. 
 
   C.        Designation of Compulsory Redemption Date 
 
   Impacted Securityholders are hereby notified that pursuant to Condition 
8.8(B) of the Impacted Securities, the Issuer is designating a 
Compulsory Redemption Date in respect of the Impacted Securities.  The 
Compulsory Redemption Date will be 22 April 2021.  All other classes of 
ETP Securities issued by the Issuer will continue to be priced and will 
continue to trade in their normal manner. 
 
   Impacted Securityholders are not required to hold their Impacted 
Securities until the Compulsory Redemption Date, Impacted 
Securityholders are able to sell their Impacted Securities prior to and 
on the last day of trading on European exchanges for Impacted Securities, 
as specified in Section H (Indicative timeline), below.  If Impacted 
Securityholders do not sell  their Impacted Securities prior to the last 
day of trading on European exchanges, then Impacted Securityholders will 
continue to be exposed to any movements in the price of the underlying 
index, the applicable leverage and where relevant the applicable fees 
and expenses, up until the Compulsory Redemption Date. 
 
   Impacted Securityholders are strongly advised to consult with their bank, 
securities broker or other intermediary through which they hold their 
Impacted Securities prior to the Compulsory Redemption Date, 
particularly if they wish to sell their Impacted Securities in advance 
of the Compulsory Redemption Date and in order to understand the process 
and any costs associated with such sale. 
 
   D.        Payment of Compulsory Redemption Amount 
 
   It is expected that the Compulsory Redemption Settlement Date in respect 
of the Impacted Securities will be on Friday 30 April 2021 subject to 
timely receipt of the Compulsory Redemption Amount from the Swap 
Provider.  Each Impacted Security will become due and payable on such 
Compulsory Redemption Settlement Date at its Compulsory Redemption 
Amount subject to liquidation of the underlying Swap Transactions.   A 
further announcement will be made following the Compulsory Redemption 
Date to confirm the Compulsory Redemption Amount. 
 
   Please note that the Compulsory Redemption Amount payable in respect of 
the Impacted Security may be paid in instalments in accordance with 
Condition 8.10 (Payment of Redemption Amount or Compulsory Redemption 
Amount in instalments) of the Impacted Securities (with each instalment 
being an amount equal to the Daily Instalment Amount) over a period of 
successive Currency Business Days commencing on and including the 
Compulsory Redemption Settlement Date. 
 
   Settlement of the cash redemption proceeds due to Impacted 
Securityholders holding Impacted Securities shall be paid in accordance 
with Condition 11.2 (Payments) of the Impacted Securities.  The payment 
of the Compulsory Redemption Amount will be made in the Base Currency of 
the Impacted Securities, which is Euros.  Impacted Securityholders are 
strongly advised to contact their bank, intermediary or securities 
broker to confirm how and in what currency they will receive the 
Compulsory Redemption Amount. 
 
   Payments of the Compulsory Redemption Amount will be made through 
Euroclear or Clearstream, Luxembourg.  There may be delays in these 
payments reaching Impacted Securityholders and Impacted Securityholders 
are advised to contact their bank, securities broker or other 
intermediary through which they hold their Impacted Securities for more 
information. 
 
   E.         For Authorised Participants 
 
   For Authorised Participants that have entered into Authorised 
Participant Agreements with the Issuer, Agreed Redemption Orders 
received (or deemed received) prior to 2pm London time on Friday 16 
April 2021 will be valid and will be processed in the normal way. Agreed 
Redemption Orders received (or deemed received) on or after 2pm London 
time on that day will be invalid.  Any Impacted Securities then 
remaining in issue will be redeemed compulsorily in accordance with the 
Conditions. 
 
   F.         For all Impacted Securityholders 
 
   For all Impacted Securityholders, it is expected that the last day of 
trading on European exchanges for the Impacted Securities will be on or 
around 8 April 2021.  Impacted Securityholders wishing to sell their 
Impacted Securities before the Compulsory Redemption of these Impacted 
Securities should do so by the close of trading on Thursday 8 April 
2021. 
 
   Please note that there will be a gap between the last trading day on 
exchange and the Compulsory Redemption Date.  There will also be a 
further gap between the Compulsory Redemption Date and the date on which 
the Impacted Securityholders will receive their Compulsory Redemption 
Amount.  Impacted Securityholders are therefore strongly advised to 
contact their advisors and brokers if they wish to sell their Impacted 
Securities in advance to avoid being part of the compulsory redemption 
process. 
 
   G.       Actions to be taken 
 
   Prior to the last day of trading on European exchanges, Impacted 
Securityholders can take two actions: 
 
 
   1. Contact their bank, securities broker or other intermediary through which 
      they hold their Impacted Securities to sell their Impacted Securities in 
      advance of the last trading day on exchange; or 
 
   2. Do nothing and be part of the Compulsory Redemption process and receive 
      payment on the Compulsory Redemption Settlement Date, as outlined in 
      Section H (Indicative timeline), below. 
 
   3. Indicative timeline 
 
 
 
 
             PROCESS STEPS                              DATE 
----------------------------------------  -------------------------------- 
Last day of trading on relevant           Thursday 8 April 2021 
 Stock Exchanges 
 (All investors) 
----------------------------------------  -------------------------------- 
Last trading day for Subscription         Tuesday 13 April 2021 
 Orders 
 (Authorised Participants only) 
----------------------------------------  -------------------------------- 
Last trading day for Agreed Redemption    By 2 pm on Friday 16 April 2021 
 Orders 
 (Authorised Participants only) 
----------------------------------------  -------------------------------- 
Record Date for Impacted Securityholders  Wednesday 21 April 2021 
----------------------------------------  -------------------------------- 
Compulsory Redemption Date                Thursday 22 April 2021 
----------------------------------------  -------------------------------- 
Announcement of Compulsory Redemption     Friday 23 April 2021 
 Amount 
----------------------------------------  -------------------------------- 
Compulsory Redemption Settlement          On or after Friday 30 April 2021 
 Date 
----------------------------------------  -------------------------------- 
 
 
   For further information please contact europesupport@wisdomtree.com 
 
   For and on behalf of 
 
   WisdomTree Multi Asset Issuer plc 
 
 
 
 

(END) Dow Jones Newswires

March 22, 2021 02:36 ET (06:36 GMT)

Wt Wticruoil3x (LSE:3LOI)
Historical Stock Chart
From Jun 2024 to Jul 2024

Wt Wticruoil3x (LSE:3LOI)
Historical Stock Chart
From Jul 2023 to Jul 2024