Restrike event in 3OIS and 3BRS
At 15.35 BST on 2nd April 2020 the underlying index for WisdomTree WTI Crude Oil 3x Daily Short (3OIS) broke through the threshold level which, under the Prospectus and Final Terms, triggers an automatic “Restrike Event”, i.e., a rebalance of the product’s exposure intra-day. The product was rebalanced at a restrike price $3.8750511. At the end of the day, the Price of 3OIS was calculated with a Final NAV of $4.5491428.
At 15.35 BST on 2nd April 2020 the underlying index for WisdomTree Brent Crude Oil 3x Daily Short (3BRS) broke through the threshold level which, under the Prospectus and Final Terms, triggers an automatic “Restrike Event”, i.e., a rebalance of the product’s exposure intra-day. The product was rebalanced at a restrike price $1.4171424. At the end of the day, the Price of 3BRS was calculated with a Final NAV of $1.797001.
For further information please see:
+ 3OIS FAQ
+ 3BRS FAQ