Who Publishes the Metal Cash Settlement Prices?
Unless otherwise stated, all information on the cash settlement prices of metals provided in this pricing supplement is derived from London Metal Exchange Ltd. or other publicly available sources. The cash settlement price for each metal is set daily during the second “ring” or round of trading at the LME. The second ring commences at 12:30 p.m. London, England time, during which session only those broker members permitted to take part in ring trading may process their clients’ orders on thetrading floor. At present there are 11 “ring dealers.” The cash settlement price for each of the metals is the last cash offer price quoted at the end of the five-minute ring relating to that metal in the second ring session of the day. Please note that an investment in the notes does not entitle you to any ownership or other interest in any metal. How Have the Metal Cash Settlement Prices Performed Historically? We have provided tables showing the high and low cash settlement prices of each metal f
