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Tuesday, April 19, 2016

Financial Products News #2016 - 25
Index Value Restatements due to Liberty Media Corporation’s Corporate Action

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • Nasdaq Global Index Data Service (GIDS)
  • Nasdaq Global Index Watch (GIW)
  • Nasdaq Global Index FlexFile Delivery (GIFFD)

Contact Information:

What you need to know:

Nasdaq has decided to modify the index valuation for the NASDAQ-100 Index (NDX) due to Liberty Media Corporation’s recapitalization announced on Friday, April 15, 2016, with such modification to be effective prior to Market Open on Monday, April 18, 2016.

In order to retain the index market value of Liberty Media Series A and Liberty Media Series C (LMCA and LMCK respectively) as originally announced, Nasdaq for purposes of the index valuation will effect this as a 1:4 reverse split, thereby retaining the pre-transaction market value while adjusting the shares to a post-transaction level for LMCA and LMCK. The addition of the shares for Liberty Braves Series A and Liberty Braves Series C (BATRA and BATRK) and Liberty SiriusXM Series A and Liberty SiriusXM Series C (LSXMA and LSXMK) will still be processed and added with a zero market value, and the removal of the Liberty SiriusXM Series A and Series C securities will remain as of start of day Tuesday.

This update will result in modified index values for end of day (EOD) Monday, April 18, 2016, and the start of day (SOD) of April 19, 2016. The corrected EOD and SOD index value for the NASDAQ-100 Index (NDX) is 4,565.42.

A vendor database correction notification will be sent indicating all new April 18, 2016, EOD and April 19, 2016, SOD values corrected as a result of this update. This announcement is limited to changes in the index valuation.

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