American Airlines Group Inc (AAL)

[Trance-Man]

Just got this in, I was yelling at the OCC today...

So in this mumbo jumbo does it say what will happen to the 2014 AAMRQ Call Options, etc.

I have a bad cold, can't read this at the moment, lol.

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OCC Infomemo #33669 - US AIRWAYS GROUP, INC. - ANTICIPATED ADJUSTMENT OPTION...
LCC) approved the proposed merger with AMR Corporation (AAMRQ). Upon consummation of the merger, ... to the effectiveness of the AAMRQ Plan of Reorganization. DISCLAIMER This ...

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Original Link: http://www.theocc.com/webapps/infomemos?number=33669&date=201312&lastModifiedDate=12%2f04%2f2013+15%3a43%3a03

#33669
TO: ALL CLEARING MEMBERS

DATE: DECEMBER 4, 2013

SUBJECT: US AIRWAYS GROUP, INC. - ANTICIPATED ADJUSTMENT
OPTION SYMBOLS: LCC/2LCC
NEW SYMBOLS: AAL2/2AAL2
FUTURES SYMBOLS: LCC1C/LCC1D
NEW SYMBOLS: LCC2C/LCC2D
DATE: 12/9/13???

Contract Adjustment
DATE: Effective the opening of the business day after the merger is consummated. Contract adjustment is anticipated to occur before the open on December 9, 2013

OPTION SYMBOLS: LCC changes to AAL2
2LCC changes to 2AAL2

STRIKE DIVISOR: 1

CONTRACTS MULTIPLIER: 1

NEW MULTIPLIER: 100 (e.g., a premium of 1.50 yields $150; a strike of 22.50 yields $2,250.00)

NEW DELIVERABLE
PER CONTRACT: 100 (New) American Airlines Group Inc. (AAL) Common Shares

CUSIP: AAL (New): TBD

PRICING
The underlying price for AAL2/2AAL2 will be determined as follows:

AAL2 = AAL

Futures Contract Adjustment
DATE: Effective the opening of the business day after the merger is consummated. Contract adjustment is anticipated to occur before the open on December 9, 2013
FUTURES SYMBOLS: LCC1C changes to LCC2C Back to Infomemo Search