Issuer Document - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 29, 2023 Newswires
Share
Share
Post
Email

Issuer Document

UKI Equity Markets (Web Disclosure) via PUBT

FINAL TERMS

Dated 25 May 2023

WisdomTree Foreign Exchange Limited

(formerly ETFS Foreign Exchange Limited)

LEI: 213800X2UDCFSIYXXR28

(Incorporated and registered in Jersey under

the Companies (Jersey) Law 1991 (as amended) with registered number 103518)

(the ''Issuer'')

Programme for the Issue of Collateralised Currency Securities

Issue of

4500 WisdomTree Short GBP Long USD Collateralised Currency Securities

(the ''Collateralised Currency Securities'')

These Final Terms (as referred to in the Prospectus (the ''Prospectus'') dated 16 November 2022 in relation

to the above Programme) relates to the issue of the Collateralised Currency Securities referred to above. The Collateralised Currency Securities have the terms provided for in the Trust Instrument dated 5 November 2009 (as amended) between the Issuer and The Law Debenture Trust Corporation p.l.c. as Trustee constituting the Collateralised Currency Securities. Terms used in these Final Terms bear the same meaning as in the Prospectus.

These Final Terms have been prepared for the purpose of 1) filing with a competent authority (within the meaning of the Prospectus Regulation) for the purpose of Article 8(4) of Prospectus Regulation and 2) the Prospectus Regulation Rules and must be read in conjunction with the Prospectus and any supplement, which are published in accordance with Article 21 of Prospectus Regulation and Rule PRR3.2 of the Prospectus Regulation Rules on the website of the Issuer: https://www.wisdomtree.eu/. In order to get the full information both the Prospectus (and any supplement) and these Final Terms must be read in conjunction. A summary of the individual issue is annexed to these Final Terms.

The particulars in relation to this issue of Collateralised Currency Securities are as follows:

ISIN:

JE00B68GRJ90

Issue Date:

26 May 2023

Class:

WisdomTree Short GBP Long USD

Creation Price:

59.2891338 USD

Aggregate Number of

4500

Collateralised Currency

Securities to which these

Final Terms apply:

Estimated net proceeds

266801.10USD

of issue of the

Collateralised Currency

Securities to which these

Final Terms apply:

Maximum

number/amount of

The aggregate Principal Amount of all US Dollar denominated

Collateralised Currency

Collateralised Currency Securities (including those issued pursuant to

Securities that may be

these final terms) may not exceed US$1,000,000,000 unless increased

issued of the Class being

by the Issuer in accordance with the Trust Instrument.

issued pursuant to these

Final Terms:

Exchange[s] on which

London Stock Exchange;; Euronext Dublin

Collateralised Currency

Securities are admitted to

trading:

* Please note that admission to the UK Official List and to trading on the Main Market of

the London Stock Exchange are not offers or admission to trading made under the

Prospectus Regulation but are such offers and admission to trading for the purposes of

the UK Prospectus Regulation.

The amount or any

Application Fees: £500,

expenses or taxes

Management Fees: 0.39 %;

specifically charged to the

Swap Fees 0.6 %

subscriber or purchaser:

Currency of the securities

USD

issue:

Issuer Specific Summary

Section A - Introduction and warnings

1.

Name

of

WisdomTree Short GBP Long USD

Security:

2.

ISIN:

JE00B68GRJ90

3.

Issuer

Ordnance House

Contact

31 Pier Road

Details:

St. Helier

Jersey JE4 8PW

Channel Islands

Tel: +44 1534 825200

https://www.wisdomtree.eu/

LEI: 213800X2UDCFSIYXXR28

4.

Competent

For UK: FCA,

Authority:

Financial Conduct Authority

12 Endeavour Square, London E20 1JN

Phone: +44 20 7066 1000

For EU: CBI

Central Bank of Ireland

PO Box 559

New Wapping Street

Dublin 1.

Phone: +353 1 2246000

5.

Warnings:

•

This summary should be read as an introduction to and in

conjunction with the base prospectus of WisdomTree Foreign

Exchange Limited (the "Issuer") relating to the programme for the

issue of Collateralised Currency Securities dated 16 November

2022 (the "Prospectus");

•

Any decision to invest in the Collateralised Currency Securities

should be based on consideration of the Prospectus as a whole by

the investor;

•

Where a claim relating to the information contained in the

Prospectus is brought before a court, the plaintiff investor might,

under the national legislation of the member states, have to bear the

costs of translating the Prospectus before the legal proceedings are

initiated;

•

Civil liability attaches only to those persons who have tabled the

summary including any translation thereof, but only if the summary

is misleading, inaccurate or inconsistent when read together with

the other parts of the Prospectus or it does not provide, when read

together with the other parts of the Prospectus, key information in

order to aid investors when considering whether to invest in the

Collateralised Currency Securities.

Section B - Key information on the Issuer

Who is the issuer of the securities?

1.

Domicile/Legal

The Issuer is a public company incorporated and registered in Jersey

Form/Country

under the Companies (Jersey) Law 1991 (as amended) with registered

number 103518.

of

Incorporation:

2.

Principal

The principal

activity of the Issuer is issuing several classes of

Activities

Collateralised

Currency Securities. The Collateralised Currency

Securities are designed to provide exposure to movements in indices

calculated and published by Morgan Stanley & Co. LLC which track

movements in

different exchange rates (the "Currency Indices" or

"MSFXSMIndices"). The Issuer gains exposure to the movements in

Currency Indices by entering into unfunded collateralised derivative

contracts (the "Currency Transactions"). Payments under Currency

Transactions vary (before any applicable fees) by reference to changes

to the Currency Indices. The Collateralised Currency Securities are also

backed by the collateral (the "Collateral") in accounts of the Issuer at The

Bank of New York Mellon ("BONY"). The operation of those accounts is

governed by the terms of (i) a custody agreement between the Issuer

and BONY (the "Custody Agreement"); and (ii) a collateral

administration master agreement between the Issuer and BONY (the

"Collateral Administration Agreement") as supplemented by a

"Supplemental Agreement" between the Issuer and BONY. Any cash

received by the Issuer on the issue of Collateralised Currency Securities

or under the terms of the Currency Transactions (which is not required to

make payments to Security Holders on redemption) is used to purchase

assets as collateral from MSIP (defined below) under the terms of an

agreement between the Issuer and MSIP dated 5 November 2009 and

entitled "Global Master Repurchase Agreement" or "Repo".

3.

Major

The shares in the Issuer are held entirely by WisdomTree Holdings

shareholders

Jersey Limited ("HoldCo"), a holding company incorporated in Jersey.

The shares in HoldCo are ultimately owned by WisdomTree Investments,

Inc. The Issuer is neither directly or indirectly owned or controlled by any

other party to the programme.

4.

Key managing

Stuart Bell

directors

Chris Foulds

Steven Ross

Peter M. Ziemba

5.

Statutory

Ernst & Young LLP

auditors

Liberation House

Castle Street

St Helier

Jersey JE1 1EY

Channel Islands

What is the key financial information regarding the issuer?

Income statement for SPVs in relation to asset backed securities

Net Profit or loss

31-Dec-21

31-Dec-20

USD

USD

4,848,726

-4,392,945

Balance sheet for SPVs in relation to asset backed securities

Total assets

Total liabilities

31-Dec-21

31-Dec-20

USD

USD

330,407,346

457,952,055

328,109,974

460,503,409

Financial Assets designated at fair value through

330,407,346

457,952,055

profit or loss

Derivative financial assets

nil

nil

Non-financial assets if material to the

Nil

Nil

entity's business

Financial Liabilities designated at fair

328,109,974

460,503,409

value through profit or loss

Derivative financial liabilities

Nil

Nil

What are the key risks that are specific to the issuer?

Investors in Collateralised Currency Securities may lose the value of their entire investment or part of it. An investor's potential loss is limited to the amount of the investor's investment.

The Issuer has been established as a special purpose vehicle for the purpose of issuing the Collateralised Currency Securities and has no assets other than those attributable to the Collateralised Currency Securities. No member of the Morgan Stanley Group of any other person has guaranteed the Issuer's obligations. The ability of the Issuer to meet its obligations in relation to Collateralised Currency Securities will be wholly dependent on its receipt of payments under Currency Transactions from Currency Transaction Counterparties and its ability to sell the Collateral under the Repo to MSIP. The amounts that a Security Holder could receive following a claim against the Issuer are, therefore, limited to the proceeds of realisation of the secured property applicable to such Security Holder's class of Collateralised Currency Securities and as the Issuer is a special purpose vehicle formed only for the purpose of issuing the Collateralised Currency Securities, and as the Collateralised Currency Securities are not guaranteed by any other person, the Issuer would have no further assets against which the Security Holder could claim. In the event that the proceeds of realisation of the secured property is insufficient to cover the amount payable to the Security Holder, the Security Holder would suffer a loss.

Although Collateralised Currency Securities are secured by the Collateral, the value of such Collateralised Currency Securities and the ability of the Issuer to pay any redemption amounts remains partly dependent on the receipt of amounts due from the relevant Currency Transaction Counterparty under the Facility Agreement, the ISDA Master Agreement and the Repo.

At the date of this Prospectus, there is one Currency Transaction Counterparty (MSIP) which is the obligor.

There can be no assurance that MSIP, any other Currency Transaction Counterparty or any other entity will be able to fulfill their payment obligations under the relevant Currency Transactions, Facility Agreement, ISDA Master Agreement or Repo. Consequently, there can be no assurance that the Issuer will be able to redeem Collateralised Currency Securities at their redemption price which could lead to an investor receiving less than the redemption price upon redemption of their Collateralised Currency Securities.

Section C - Key information on the Securities

What are the main features of the securities?

1.

Offer Price

59.2891338 USD

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Wisdomtree Foreign Exchange Ltd. published this content on 26 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2023 13:22:25 UTC.

Older

Issuer Document

Newer

Stocks Slip Lower, Inflation In Focus, Costco Earnings, Fed Bank Lending, Debt Ceiling Deal – 5 Things To Know

Advisor News

  • IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
  • The hidden flaw in insurance AI adoption for advisors and carriers
  • Rising healthcare costs impact 401(k) accounts
  • What advisors think about pooled employer plans, alternative investments
  • AI, stablecoins and private market expansion may reshape financial services by 2030
More Advisor News

Annuity News

  • How annuities can help protect retirees from financial scams
  • MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
  • Prismic Life Announces Completion of Oversubscribed Capital Raise
More Annuity News

Health/Employee Benefits News

  • Soaring Healthcare Costs Put California School Districts And Teachers At Odds
  • Ban on some insurance prior authorizations expected to cut red tape
  • Commentary: United States may be best place to build universal healthcare
  • Bay Area braces for Trump’s tougher CalFresh rules
  • Mom blames Florida Blue, Broward Health dispute for daughter’s $11,500 ER bill
More Health/Employee Benefits News

Life Insurance News

  • Bowie insurance agent indicted on felony theft, fraud charges
  • Bowie insurance salesman indicted in connection with fraud, felony theft
  • Judge sends Greg Lindberg back to federal prison for fraud, bribery
  • Kansas official running for governor received $300K in donations before key decision
  • Investigators say C.R. man's life insurance claims for 3 children were fraudulent
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet