Common use of Principal Protected Investments Clause in Contracts

Principal Protected Investments. (a) On or before the Start Date (as stipulated in the Term Sheet), the Bank shall notify you of the formula (“Formula”) for calculating the returns on the Investments (“Returns”), the Payment Dates of the Returns, the Maturity Date and the other terms of the Investment (each as stipulated in the Term Sheet); (b) On each Payment Date, subject to Clause 2.4, and provided the conditions for payment specified in the Term Sheet are satisfied, the Bank shall pay to you the Returns calculated in accordance with the Formula; (c) On Maturity Date (unless the Investment has been terminated in accordance with Clause 2.4 or Clause 4), the Bank shall repay to you the Principal Amount together with the Returns (if any) for the immediately preceding Period; (d) Notwithstanding Clause 2.2(c) above, the Bank shall have the right to terminate the Investment in whole or in part at any time by giving prior notice to you (the “Early Termination Option”) in accordance with the terms in the Term Sheet and repay to you the Principal Amount together with the Returns (if any).

Principal Protected Investments. (a) On or before the Start Date (as stipulated in the Term Sheet), the Bank shall notify you of the formula (“Formula”) for calculating the returns on the Investments (“Returns”), the Payment Dates of the Returns, the Maturity Date and the other terms of the Investment (each as stipulated in the Term Sheet); (b) On each Payment Date, subject to Clause 2.4, and provided the conditions for payment specified in the Term Sheet are satisfied, the Bank shall pay to you the Returns calculated in accordance with the Formula; (c) On Maturity Date (unless the Investment has been terminated in accordance with Clause 2.4 or Clause 4), the Bank shall repay to you the Principal Amount together with the Returns (if any) for the immediately preceding Period; (d) Notwithstanding Clause 2.2(c2.2 (c) above, the Bank shall have the right to terminate the Investment in whole or in part at any time by giving prior notice to you (the “Early Termination Option”) in accordance with the terms in the Term Sheet and repay to you the Principal Amount together with the Returns (if any).