Sale values for both Leg 1 and Leg 2 should typically take into consideration the market price of the securities at the contracted date, fees, and dividend payout, as demonstrated by the following formula:

• Leg 1: Sale Price = MPt x Q
     Where,
     MPt: Market Price of the shares at Leg 1 contracted date
     Q: Quantity of the shares
• Leg 2: Exercise Price = (MPt x Q) – MI – D
     Where,
     MI: Monthly Installment (reflects the “lending fee” in conventional SBLNT)
     D: Dividend