HU-SMIC@EP2611A is a put derivative warrant issued by HU, linked to Semiconductor Manufacturing International Corporation (SMIC), a leading Chinese semiconductor foundry. This structured product provides investors with leveraged exposure to potential declines in SMIC's stock price, functioning as a bearish instrument that gains value when the underlying asset falls below its strike price. Key features include a strike price of HKD 66.95, an entitlement ratio of 50 shares per warrant, a board lot size of 25,000 warrants, and an exercise price denominated in HKD. With a total issuance of 75,000,000 warrants, it was launched on January 22, 2026, and became listed around January 27, 2026. As part of the vibrant Hong Kong warrants market, HU-SMIC@EP2611A enables targeted downside strategies on the semiconductor sector, reflecting SMIC's pivotal role in global chip production amid technological and geopolitical dynamics. These warrants offer flexibility for hedging or speculative positions within the equity derivatives space.
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