questo ad esempio è un certificato Leonteq con Hertz Global (NYSE) e airbag: CH0498263109.
Sui final terms leggo:
(ii) In respect of a Nationalisation, Insolvency or Delisting, the following will apply: On or after the date of the occurrence of the Nationalisation, Insolvency and/or Delisting, as determined by the Issuer and/or Calculation Agent, the Issuer and/or Calculation Agent shall (1) make such adjustment to the Conditions as the Issuer and/or Calculation Agent determine appropriate to account for the economic effect on the Products of the relevant event, (including adjustments to account for changes in volatility, expected dividends, stock loan rate or liquidity relevant to the Share), which may, but need not, be determined by reference to the adjustment(s) made in respect of a Nationalisation, Insolvency or Delisting by the Related Exchange(s) to options on the Share traded thereon and (2) determine the effective date of that adjustment.
Ma in questo caso la richiesta di Chapter 11 non è detto che provochi immediatamente un evento del genere. In alcuni casi le aziende si ristrutturano ben bene e talvolta possono anche uscire dal Chapter 11 in piedi.