Examples of Autocall Event in a sentence
In the event that on any Autocall Observation Date an Autocall Event has occurred, the term of the Products shall end automatically on this Autocall Observation Date without the need for a separate termination of the Products by the Issuer (the "Early Redemption").
As used herein, "Preference Share Termination Event" means the determination by the Determination Agent, in respect of an Underlying Preference Share, of: (a) the redemption of the Underlying Preference Share for any reason other than by reason of its redemption at scheduled maturity; or (b) the occurrence of an Autocall Event or an Autocall Event (Phoenix) in respect of the Underlying Preference Share in accordance with its terms.
Consequently, if you sell your Products before their scheduled maturity (assuming you are able to), you may lose some of your original investment.• Early redemption: The Products may be redeemed prior to their scheduled maturity in certain extraordinary circumstances and if an Autocall Event occurs.
Where the terms and conditions of the Products include an 'autocall' feature it should be noted that the level of the Redemption Amount and the time for redemption of the Products depend on whether an Autocall Event specified in the terms and conditions has occurred on an Autocall Observation Date.
Scenario 3 The Reference Price on the fourth Autocall Observation Date is greater than or equal to the Autocall Level.In this example, the Securities will be redeemed on the Automatic Early Redemption Date immediately following such Autocall Observation Date, and the amount payable per Security (of the Specified Denomination) on such Automatic Early Redemption Date will be an amount equal to the Autocall Event Amount in respect of such Automatic Early Redemption Date, i.e., EUR 1,400.
In this example, the Securities will be redeemed on the Automatic Early Redemption Date immediately following such Autocall Observation Date, and the amount payable per Security (of the Specified Denomination) on such Automatic Early Redemption Date will be an amount equal to the Autocall Event Amount in respect of such Valuation Date, i.e., EUR 1,100.
The Autocall Event Amount for the first Autocall Observation Date is EUR 1,100.
An 'Autocall Event' will occur if the level or price of the Underlying Asset(s) is at or above a specified level on a specified date.
If 'Autocall' is specified as applicable in the Final Terms, your Warrants may be cancelled early if an 'Autocall Event' occurs.
If an 'Autocall Event' occurs your Warrants will be cancelled and you will be paid an early settlement amount calculated by multiplying the calculation amount of the Warrants by the 'Autocall Early Cash Settlement Percentage' specified in the Final Terms.