BOOST ISSUER PUBLIC LIMITED COMPANY
2 Grand Canal Square, Grand Canal Harbour, Dublin 2, Ireland
Monday, 27 June 2016
Rebalancing of Boost EURO STOXX Banks 3x Leverage Daily ETP Securities
At 8:40.45 am (London time) on 24 June 2016 (the "Restrike Date"), market volatility caused by the United Kingdom's EU referendum result triggered a Restrike Event in respect of the Boost EURO STOXX Banks 3x Leverage Daily ETP Securities (ISIN: IE00BLS09N40 / WKN: A18HC8) (the "Affected Boost ETPs").
All leveraged ETP Securities issued by Boost Issuer PLC (the "Leveraged Boost ETPs") incorporate an intraday rebalancing mechanism to protect the holders of Leveraged Boost ETPs in the event of extreme market movements on any Valuation Date. In the case of Leveraged Boost ETPs offering long exposures (such as the Affected Boost ETPs), a Restrike Event occurs when the value of their Benchmark Index falls by more than a relevant trigger level called the "Restrike Threshold". The relevant Leveraged Boost ETPs are then rebalanced to alleviate the risk of a fall of 100% in their value, as described in the Prospectus.
Following the process set out in the Prospectus for Restrike Events and using information provided by the Swap Calculation Agent, the Determination Agent has determined that, in respect of the Affected Boost ETPs and the Restrike Date, the Restrike Price per ETP Security was EUR 12.04324and the Price per ETP was EUR 11.5483122.
The Affected Boost ETPs traded through the Restrike Date and are currently trading normally.
(All capitalised terms used but not defined in this communication will have the meanings given to them in the Prospectus for the Affected Boost ETPs, which is publicly available on the Issuer's website: http://www.boostetp.com)
Boost Issuer Public Limited Company