CommoditiesSeries 7
Commodities Series 7 - Providing exposure to West Texas Intermediate (WTI) Crude Oil Futures
Sequoia Commodities Series 7 aims to provide an opportunity for wholesale investors to gain exposure to the oil market by offering 100% leveraged exposure to New York Mercantile Exchange (“NYMEX”) West Texas Intermediate (“WTI”) Crude Oil futures for a 1 year period.
Sequoia Commodities - Series 7 Performance
| Date | Reference Asset Level | Indicative Unit Value* | Performance |
|---|---|---|---|
| Initial Reference Asset Level | 90.8 | $1.00 | |
| 2-Mar-2022 | 110.6 | 1.128 | 21.81% |
| 31-Mar-2022 | 100.28 | $1.136 | 10.44% |
| 30-Apr-2022 | 104.69 | $1.148 | 15.30% |
| 31-May-2022 | 114.67 | $1.189 | 26.29% |
| 30-Jun-2022 | 105.76 | $1.163 | 16.48% |
| 29-Jul-2022 | 98.62 | $1.103 | 8.61% |
| 31-Aug-2022 | 89.55 | $1.084 | -1.38% |
| 30-Sep-2022 | 79.49 | $1.066 | -12.46% |
| 31-Oct-2022 | 86.53 | $1.07 | -4.70% |
| 30-Nov-2022 | 80.55 | $1.032 | -11.29% |
| 30-Dec-2022 | 80.26 | $1.015 | -11.61% |
| 31-Jan-2023 | 78.87 | $1.000 | -13.14% |
| 10-Feb-2023 | Matured | NO COUPON |
* This represents an indicative level for unwinding your investment on the reporting date and is an indication of the market value of the investment.
https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.html.
Front Month WTI Crude Oil Futures Contract (CL1)
The Units will track the Front Month WTI Crude Oil Futures Contract (CL1) (“Reference Asset”) and are designed to give investors exposure to any positive growth of the Reference Asset over a 1 year Investment Term through the payment of an uncapped Performance Coupon at Maturity.
Any Performance Coupon at Maturity is calculated by reference to any positive growth of the Reference Asset during the Investment Term, adjusted for changes in the AUD/USD exchange rate.
You can follow the performance of the Front Month Futures Contract of WTI Crude Oil Futures (CL1) at the following address:
Alternatively, please refer to the contract with the nearest expiration date at the following link:
https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html
Summary of the key features
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Downloads
To find out more, and to download a copy of the Term sheet PDS and Master PDS, please click on the links below
Find out more about Sequoia Specialist Investments
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Key risks include:
- Your return (including any Performance Coupon) is affected by the performance of the Reference Asset. There is no guarantee that the Reference Asset will perform well.
- There will be no Performance Coupon payable if the performance of the Reference Asset is negative at Maturity and Investors will suffer a 100% loss;
- There is no guarantee that the Units will generate returns in excess of the Prepaid Interest and Fees, during the Investment Term. Additionally, in the event of an Investor requested Issuer Buy-Back or Early Maturity Event, you will not receive a refund of your Prepaid Interest or Fees.
- Gains (and losses) may be magnified by the use of a 100% Loan. However, note that the Loan is a limited recourse Loan, so you can never lose more than your Prepaid Interest Amount and Fees paid at Commencement.
- Investors are subject to counterparty credit risk with respect to the Issuer and the Hedge Counterparty; and
- The Units may mature early following an Early Maturity Event, including an Adjustment Event, Market Disruption Event or if the Issuer accepts your request for an Issuer Buy-Back
Please refer to Section 2 “Risks” of the Master IM for more information.
For more information, please contact Sequoia at:
invest@sequoia.com.au and 02 8114 2222.
Units in Sequoia Commodities – Series 7 are issued by Sequoia Specialist Investments Pty Ltd (ACN 145 459 936 ) (the “Issuer”) and arranged by Sequoia Asset Management Pty Ltd (ACN 135 907 550, AFSL 341506) (the “Arranger”). Investments in the Sequoia Commodities – Series 7 can only be made by completing an Application Form attached to the Term Sheet IM, after reading the Term Sheet IM dated 7 February 2022, the Master IM dated 11 April 2019 and Target Market Determination (for retail investors) and submitting it to Sequoia. A copy of the Termsheet IM, Master IM and Target Market Determination can be obtained by contacting Sequoia Asset Management on or contacting your financial adviser. You should consider the Term Sheet & Master IM’s as well as the Target Market Determination before deciding whether to invest in Units in Sequoia Commodities – Series 7. Capitalised terms on the webpage have the meaning given to them in Section 10 “Definitions” of the Master IM.
Find out more about Sequoia Specialist Investments
Complete the form below and we’ll be in touch as soon as possible.