Taiwan Electronics Basket
Taiwan electronics sector has always played an important role in the global economic sector. Improved cross-strait relations could lead to the development of direct transport links which should lower the marginal costs of exports to China where demand for electronic goods remain buoyant. The domestic economy may receive a boost from a large program of infrastructure investment and a thriving tourism industry. Delayed purchasing decisions by the financial sector and other corporations should begin to ease as cash flows improve. A possible relaxation on investments in China may lead to the expansion of high-tech Taiwanese production facilities on the mainland.
Linked to the price performance of below component shares:
- 1 ordinary share of Taiwan Semiconductor Manufacturing Co., Ltd. (Bloomberg code: 2330 TT)
- 1 ordinary share of Silicon Precision Industries Co., Ltd. (Bloomberg code: 2325 TT)
- 1 ordinary share of MediaTek Inc. (Bloomberg code:2454 TT)
- 1 ordinary share of AU Optronics Corp. (Bloomberg code:2409 TT)
- 1 ordinary share of Innolux Display Corporation (Bloomberg code:3481 TT)
- 1 ordinary share of Asustek Computer Inc. (Bloomberg code:2357 TT)
- 1 ordinary share of High Tech Computer Corp. (Bloomberg code:2498 TT)
- 1 ordinary share of Hon Hai Precision Ind. Co., Ltd. (Bloomberg code:2317 TT)
- 1 ordinary share of Delta Electronics, Inc. (Bloomberg code:2308 TT)
- 1 ordinary share of Wistron Corporation (Bloomberg code:3231 TT)
Summary
| Name | Taiwan Electronics Basket |
| Bloomberg Code | RBTK4 |
| Listing | Singapore Stock Exchange (SGX) |
| Issuer | Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. ("Rabobank"), acting through its Hong Kong branch |
| Rating | Standard & Poor's: AAA; Moody's: Aaa |
| Launch Date | 1st August, 2008 |
| Expected Listing Date | 11th August, 2008 |
| Expiry Date | 27th September, 2010 |
| Underlying Basket Reference Price | USD 52.76 (as of 30th June, 2008) |
| Issue Price | USD Basket closing price on Launch Date x (1+2%) / Conversion Ratio |
| Exercise Price | USD 0.0001 |
| Conversion Ratio | 50 Certificates relates to 1 Basket Unit |
| Reference Currency | Taiwan Dollar ("TWD") |
| Trading Currency | US Dollars ("USD") |
| Settlement Currency | US Dollars ("USD") |
| Exchange Rate | The rate of exchange between the relevant Reference Currency and the Settlement Currency on the Launch Date at or about 2:15 p.m. Singapore time as determined by the Issuer by reference to such source(s) as the Issuer may reasonably determine to be appropriate at such time. |
| Valuation Date | Each of the 5 Exchange Business Days immediately preceding the Expiry Date |
| Cash Settlement Amount | (Settlement Price in USD - Exercise Price) - Exercise Expense (if any); where the Settlement Price is the arithmetic mean of the Closing Prices of the Certificate of each of the 5 Valuation Dates |
| Board Lot | 1,000 Certificates |
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