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The company Michelin SCA has announced a 4-for-1 stock split. More information about this stock split is available on the company`s website www.michelin.com .
The stock split will result in an adjustment of the affected Eurex-listed contracts. In addition, the ISIN FR001400AJ45 has been assigned to the new Michelin shares and will serve as the new underlying of the above-mentioned contracts. The contracts’ reference data will change as specified in the following table:
Product code | ISIN of Underlying Instrument old | ISIN of Underlying Instrument new | Product-ISIN old | Product-ISIN new |
MCH | FR0000121261 | FR001400AJ45 | FR0000121261 | FR001400AJ45 |
MLXP | FR0000121261 | FR001400AJ45 | DE000A2YZJM7 | DE000A2YZJM7 |
MLXF | FR0000121261 | FR001400AJ45 | DE000A0JJS53 | DE000A0JJS53 |
TMCH | FR0000121261 | FR001400AJ45 | DE000A2X12V9 | DE000A2X12V9 |
Adjustment result
R-factor: 0.25
Options
Adjusted contract size MCH version 0: 100 --> Version 1: 400
Adjusted exercise prices:
5600 0 -> 1400 1 6000 0 -> 1500 1
6400 0 -> 1600 1 7200 0 -> 1800 1 7600 0 -> 1900 1
8000 0 -> 2000 1 8400 0 -> 2100 1 8800 0 -> 2200 1
9200 0 -> 2300 1 9300 0 -> 2325 1 9400 0 -> 2350 1
9500 0 -> 2375 1 9600 0 -> 2400 1 9700 0 -> 2425 1
9800 0 -> 2450 1 9900 0 -> 2475 1 10000 0 -> 2500 1
10200 0 -> 2550 1 10400 0 -> 2600 1 10600 0 -> 2650 1
10800 0 -> 2700 1 11000 0 -> 2750 1 11200 0 -> 2800 1
11400 0 -> 2850 1 11600 0 -> 2900 1 11800 0 -> 2950 1
12000 0 -> 3000 1 12200 0 -> 3050 1 12400 0 -> 3100 1
12600 0 -> 3150 1 12800 0 -> 3200 1 13000 0 -> 3250 1
13200 0 -> 3300 1 13400 0 -> 3350 1 13600 0 -> 3400 1
13800 0 -> 3450 1 14000 0 -> 3500 1 14200 0 -> 3550 1
14400 0 -> 3600 1 14600 0 -> 3650 1 14800 0 -> 3700 1
15000 0 -> 3750 1 16000 0 -> 4000 1 17000 0 -> 4250 1
18000 0 -> 4500 1 19000 0 -> 4750 1 20000 0 -> 5000 1
22000 0 -> 5500 1 24000 0 -> 6000 1 26000 0 -> 6500 1
Futures adjusted contract size
MLXF: 100 --> 400
M2CH: 1000 --> 4000
Adjusted settlement prices for series with Open Interest
MLXF Jun22: 111.446 -->27.8615
M2CH Jun22: 4.50 --> 1.125
M2CH Dec23: 4.748 --> 1.187
M2CH Dec24: 4.70 --> 1.175
No adjustment in MLXP due to no open interest
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