honeywell international inc. - The Options Clearing Corporation

honeywell international inc. - The Options Clearing Corporation

#39740 DATE: SEPTEMBER 20, 2016 SUBJECT: HONEYWELL INTERNATIONAL INC. - DISTRIBUTION OPTION SYMBOLS: HON/2HON NEW SYMBOLS: HON1/2HON1 FUTURES SYMB...

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#39740

DATE:

SEPTEMBER 20, 2016

SUBJECT:

HONEYWELL INTERNATIONAL INC. - DISTRIBUTION OPTION SYMBOLS: HON/2HON NEW SYMBOLS: HON1/2HON1 FUTURES SYMBOL: HON1D NEW SYMBOL: HON2D DATE: 10/3/16

CONTRACT ADJUSTMENT - OPTIONS EFFECTIVE DATE:

October 3, 2016

OPTION SYMBOLS:

HON changes to HON1 2HON changes to 2HON1

STRIKE PRICES:

No Change

NUMBER OF CONTRACTS:

No Change

MULTIPLIER:

NEW DELIVERABLE PER CONTRACT

SETTLEMENT ALLOCATION:

CUSIPS:

100 (e.g., a premium of 1.50 yields $150; a strike of 115.00 yields $11,500)

1) 100 Honeywell International Inc. (HON) Common Shares 2) 4 (New) AdvanSix Inc. (ASIX) Common Shares

HON: 95% ASIX: 5% HON: 438516106 ASIX: 00773T101

THE SETTLEMENT ALLOCATION OF THE TOTAL STRIKE PRICE AMOUNT IS BEING PROVIDED SOLELY FOR THE PURPOSE OF THE INTERFACE BETWEEN OCC AND THE NATIONAL SECURITY CLEARING CORPORATION (NSCC), AND IS NOT INTENDED TO BE USED FOR ANY OTHER PURPOSE, TRANSACTION OR CUSTOMER ACCOUNT STATEMENTS. PRICING The underlying price for HON1/2HON1 will be determined as follows: HON1 = HON + 0.04 (ASIX)

CONTRACT ADJUSTMENT - FUTURES EFFECTIVE DATE:

October 3, 2016

FUTURES SYMBOL:

HON1D changes to HON2D Note: All weekly Honeywell International Inc. (HON) futures active at the time of the contract adjustment will be adjusted in the same manner as HON1D futures.

SETTLEMENT PRICES:

No Change

NUMBER OF CONTRACTS:

No Change

MULTIPLIER:

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

NEW DELIVERABLE PER CONTRACT

SETTLEMENT ALLOCATION:

CUSIPS:

1) 100 Honeywell International Inc. (HON) Common Shares 2) 4 (New) AdvanSix Inc. (ASIX) Common Shares

HON: 95% ASIX: 5% HON: 438516106 ASIX: 00773T101

THE SETTLEMENT ALLOCATION IS BEING PROVIDED SOLELY FOR THE PURPOSE OF THE INTERFACE BETWEEN OCC AND THE NATIONAL SECURITY CLEARING CORPORATION (NSCC), AND IS NOT INTENDED TO BE USED FOR ANY OTHER PURPOSE, TRANSACTION OR CUSTOMER ACCOUNT STATEMENTS. PRICING The underlying price for the HON2D Futures contract deliverable, expressed in term of current market value, would be calculated as follows: HON2D = HON + 0.04 (ASIX) Please note that the valuation would apply only to the HON2D 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 Honeywell International Inc. (HON) has announced a distribution of (New) AdvanSix Inc. (ASIX) Common Shares. The distribution ratio is 0.04 of an ASIX share for each HON share held. The record date is September 16, 2016; the payable date is October 1, 2016. The New York Stock Exchange (NYSE) has set October 3, 2016, as the ex-distribution date for this distribution. AdvanSix Inc. Common Shares began trading on a when issued basis on September 14, 2016 on the NYSE under the trading symbol “ASIX WI”.

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]