ACTION: On June 9, 2009, Shareholders of ThinkorSwim Group Inc. (“SWIM”) voted concerning the proposed merger with TD AMERITRADE Holding Corporation (“AMTD”). The merger was approved and subsequently consummated on June 11, 2009. As a result, each existing SWIM Common Share will be converted into the right to receive .3980 AMTD Common Shares plus $3.34 Cash. Cash will be paid in lieu of fractional AMTD shares.
This corporate event will be coordinated with the Options Clearing Corporation.
EQUITY SYMBOL: ThinkorSwim Group Inc. – (SWIM)
ONECHICAGO SYMBOL: SWIM1C changes to SWIM2C;
CME FUTURES SYMBOL: SWI for the SWIM2C;
EFFECTIVE DATE: June 12, 2009
MULTIPLIER: 100 (e.g., 1.00 equals $100.00)
NEW DELIVERABLE PER CONTRACT: For the SWIM2C:
1) 39 TD AMERITRADE Holding Corporation (“AMTD”) Common Shares
2) Cash in lieu of .80 fractional AMTD Shares*
3) $334.00 Cash ($3.34 x 100) *
* The cash portion of the deliverable remains permanently fixed as part of the option deliverable, and does not vary with price changes of securities also included in the deliverable
APPLICABLE CONTRACT MONTHS: June, July, September, December 2009
SETTLEMENT PRICES AND POSITIONS: The underlying price for the SWIM2C Futures contract deliverable, expressed in term of current market value, would be calculated as follows:
SWIM2C = .39 (AMTD) + cash in lieu of .80 AMTD shares + 3.34
Please note that the valuation would apply only to the SWIM2C 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.
NOTES: The forecasted effect of the upcoming corporate event on each clearing firm’s positions can be viewed in infopac in the Corporate Event Initial Forecast Report (ONE712), the Corporate Event Final Forecast Report (ONE713), and the Corporate Event Forecast Audit Report (CPDBU710).
The details after the corporate event has been applied can be viewed in the Corporate Event Activity Report (ONE711).
If you have any questions regarding the information provided in the document, please call CME Clearing Risk Management hotline at (312) 648-3888.