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Redemption of Securities

18th Sep 2008 17:38

RNS Number : 8077D
ETFS Comm Sec Ltd All Commodities
18 September 2008
 

FORM OF PRICING SUPPLEMENT

Pricing Supplement for an issue by ETFS Oil Securities Limited under the Programme for the Issue of Oil Securities

PRICING SUPPLEMENT

Dated 17th September 2008

ETFS Oil Securities Limited

(Incorporated and registered in Jersey under the Companies (Jersey) Law 1991 (as amended) with registered number 88371)

Programme for the Redemption of Oil Securities 

Redemption of

12,300 Oil BRENT 1 Month Oil Securities

This Pricing Supplement (as referred to in the prospectus (the "Prospectus") dated 27 June 2008 in relation to the above Programme) relates to the redemption of the Oil Securities referred to above. The Oil Securities have the terms provided for in the Trust Instrument dated 13 July 2005 (as amended) between the Company and The Law Debenture Trust Corporation p.l.c. as Trustee constituting the Oil Securities. Terms used in this Pricing Supplement bear the same meaning as in the Prospectus. The particulars in relation to this issue of Oil Securities are as follows:

Issuer:

ETFS Oil Securities Limited

ISIN

GB00B0CTWC01

Redemption Date:

 18th September 2008

Class:

ETFS BRENT OIL 1 Month

Oil Major Company:

Shell Trading Switzerland A.G

Near Entitlement:

0.8045931

Next Entitlement:

0.00

Near contract price:

US$94.24

Next Contract price:

US$95.74

Multiplier:

1.0235507

Creation price:

US$77.6105821

Aggregate number of Oil securities to which this Pricing supplement applies:

12,300

Following the redemption of Oil Securities to which this Pricing Supplement applies, Oil  Securities will be in issue corresponding to the following outstanding Oil Contracts with the following Oil Major Companies:

Shell Trading Switzerland AG

Total

Brent 1 mth 

1,505,631

1,505,631

Brent 1yr

13,350

13,350

Brent 2yr

2,500

2,500

Brent 3yr

8,000

8,000

Total

WTI 2 mth

414,004

414,004

WTI 1yr

4,500

4,500

WTI 2yr

5,000

5,000

WTI 3yr

55,000

55,000

____________ _________________

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCILFVRAEITLIT

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