Examples of Air Bag in a sentence
If the Underlying Stock rises by 15% or more (“Air Bag Trigger Price”) during the trading day (which represents approximately 75% loss after a 5 times inverse leverage), the Air Bag Mechanism is triggered and the Leverage Inverse Strategy is adjusted intra-day.
Trading of Certificates is suspended for at least 30 minutes after the Air Bag is triggered.
If the Underlying Stock falls by 15% or more (“Air Bag Trigger Price”) during the trading day (which represents approximately 75% loss after a 5 times leverage), the Air Bag Mechanism is triggered and the Leverage Strategy is adjusted intra- day.
Air Bag Mechanism: The “Air Bag Mechanism” refers to the mechanism built in theLeverage Inverse Strategy and which is designed to reduce the Leverage Inverse Strategy exposure to the Underlying Stock during extreme market conditions.
Air Bag Benefit: The amount of the Air Bag Benefit is the lesser of (1) $5,000; or (2) the amount of AD&D Insurance Benefit payable for Loss of your life.