With Twitter being taken of the New York Stock Exchange, what will happen to structured products linked to its share now that it has delisted?
On 28 October, Twitter formally notified the SEC that it had been acquired by Elon Musk and said the stock would be suspended from trading. Twitter shares were officially delisted from the New York Stock Exchange on 8 November, with each share exchanged for US$54.20 in cash, without interest and less any applicable withholding taxes. SRP data The SRP global database lists 75,744 structured products linked to Twitter, including more than 40,000 that are still live . Many of these are leverage