coca-cola enterprises, inc. - The Options Clearing Corporation

coca-cola enterprises, inc. - The Options Clearing Corporation

#38964 DATE: MAY 17, 2016 SUBJECT: COCA-COLA ENTERPRISES, INC. - ANTICIPATED ADJUSTMENT OPTION SYMBOL: CCE NEW SYMBOL: CCE1 FUTURES SYMBOL: CCE1D ...

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#38964

DATE:

MAY 17, 2016

SUBJECT:

COCA-COLA ENTERPRISES, INC. - ANTICIPATED ADJUSTMENT OPTION SYMBOL: CCE NEW SYMBOL: CCE1 FUTURES SYMBOL: CCE1D NEW SYMBOL: CCE2D DATE: 5/31/16???

Contract Adjustment DATE:

Effective the opening of the business day after the merger is consummated. Contract adjustment is anticipated to occur on or about May 31, 2016.

OPTION SYMBOL:

CCE changes to CCE1

STRIKE DIVISOR:

1

CONTRACTS MULTIPLIER:

1

NEW MULTIPLIER:

100 (e.g., a premium of 1.50 yields $150; a strike of 55.00 yields $5,500.00)

NEW DELIVERABLE PER CONTRACT:

CUSIP:

1) 100 (New) Coca-Cola European Partners plc (CCE) Common Shares 2) $1,450.00 Cash (New) CCE: G25839104

PRICING The underlying price for CCE1 will be determined as follows: CCE1 = CCE + 14.50

Futures Contract Adjustment DATE:

Effective the opening of the business day after the merger is consummated. Contract adjustment is anticipated to occur on or about May 31, 2016.

FUTURES SYMBOL:

CCE1D changes to CCE2D

NUMBER OF CONTRACTS:

No Change

MULTIPLIER NEW DELIVERABLE PER CONTRACT:

CUSIP:

100 (e.g., a premium of 1.50 yields $150)

1) 100 (New) Coca-Cola European Partners plc (CCE) Common Shares 2) $1,450.00 Cash (New) CCE: G25839104

PRICING The underlying price for the CCE2D Futures contract deliverables, expressed in term of current market value, would be calculated as follows: CCE2D = CCE + 14.50 Please note that the valuation would apply only to the CCE2D deliverable in terms of current market value of the deliverable securities. The resulting price would not be equivalent to the daily settlement price of a futures contract month, whose determination would include cost of money carrying charges, adjustment for dividends, and other factors. BACKGROUND On May 24, 2016, Shareholders of Coca-Cola Enterprises, Inc. (CCE) will vote concerning the proposed merger with Coca-Cola European Partners Limited. If the merger is approved and consummated, CocaCola European Partners Limited will change its name to Coca-Cola European Partners plc, and each existing CCE Common Share will be converted into the right to receive 1.0 Coca-Cola European Partners plc Common Share plus $14.50 Cash. It is anticipated that Coca-Cola European Partners plc Common Shares will be listed on the New York Stock Exchange under the trading symbol “CCE”. DISCLAIMER This Information Memo provides an unofficial summary of the terms of corporate events affecting listed options or futures prepared for the convenience of market participants. OCC accepts no responsibility for the accuracy or completeness of the summary, particularly for information which may be relevant to investment decisions. Option or futures investors should independently ascertain and evaluate all information concerning this corporate event(s). The determination to adjust options and the nature of any adjustment is made by a panel of The OCC Securities Committee pursuant to OCC By-Laws, Article VI, Sections 11 and 11A. The adjustment panel is comprised of representatives from OCC and each exchange which trades the affected option. The determination to adjust futures and the nature of any adjustment is made by OCC pursuant to OCC ByLaws, Article XII, Sections 3, 4, or 4A, as applicable. For both options and futures, each adjustment decision is made on a case by case basis. Adjustment decisions are based on information available at the time and are subject to change as additional information becomes available or if there are material changes to the terms of the corporate event(s) occasioning the adjustment. ALL CLEARING MEMBERS ARE REQUESTED TO IMMEDIATELY ADVISE ALL BRANCH OFFICES AND CORRESPONDENTS ON THE ABOVE. For questions regarding this memo, call Investor Services at 1-888-678-4667 or email [email protected] Clearing Members may contact Member Services at 1-800-544-6091 or, within Canada, at 1-800-424-7320, or email [email protected]