Corporate actions

If a structured product references an underlying asset that becomes subject to a corporate action, the action will usually require an adjustment to be made to the strike price of that asset. Some examples of corporate actions where this might be necessary include rights issues, mergers, de-mergers, takeovers, share splits and share consolidations.

When such an event occurs, ICE Futures Europe will issue a Corporate Action Notice based on its Corporate Actions Policy, to determine the ratio that ought to be applied to strike prices for contracts that reference that particular share.

SOFTBANK GROUP CORP TAKEOVER OF ARM HOLDINGS

LLOYDS BANKING GROUP - APRIL 2016

LLOYDS BANKING GROUP - APRIL 2017

ROYAL DUTCH SHELL TAKEOVER OF BG GROUP

STARBUCKS 2 FOR 1 SHARE SPLIT

STANDARD CHARTERED RIGHTS ISSUE  - NOVEMBER 2015

GLAXOSMITHKLINE - FEBRUARY 2016

PRUDENTIAL - MARCH 2016