• American International Group, Inc. (AIG)

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-284
      • Notice Date
      • 30 June 2009
      • Effective Date
      • 01 July 2009
    • ACTION:                                                           American International Group, Inc. (“AIG”) has announced a 1-for-20 reverse stock split. As a result of the reverse stock split, each AIG Common Share will be converted into the right to receive .05 (New) American International Group, Inc. Common Shares. The reverse stock split will be effective prior to the open of business on July 1, 2009.
                                                                              This action will be coordinated with the Options Clearing Corporation.
      CATEGORY:                                                     1 for 20 Reverse Stock Split
      EQUITY SYMBOL:                                            American International Group, Inc. (“AIG”)
      ONECHICAGO SYMBOL:                                  AIG1C will change to AIG2C. A new AIG1C with a contract unit of 100 shares will be introduced on Thursday, July 2, 2009.     
      CME FUTURES SYMBOL:                                 AG for the AIG1C; AG9 for the AIG2C
      NUMBER OF CONTRACTS:                               Unchanged
      EFFECTIVE DATE:                                           July 1, 2009
      MULTIPLIER:                                                   100; Unchanged
      DELIVERABLE PER CONTRACT:                      AIG2C: 5 American International Group, Inc. (“AIG”)
      AIG1C: Will be re-listed with a 100 share deliverable.
      APPLICABLE CONTRACT MONTHS:                 July, August, September, December 2009
      SETTLEMENT PRICES AND POSITIONS:         The underlying price for the deliverable futures must be calculated, as follows:
      AIG2C = .05 (AG)
      NOTES:                                                            The forecasted effect of the upcoming corporate event on each clearing firms’ 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).
                                                                              If you have any questions regarding the information provided in the document, please call CME Clearing risk management hotline at (312) 648-3888.