Barrier Event definition
Examples of Barrier Event in a sentence
Notice shall be given of the occurrence of the Barrier Event in accordance with section 12 of the General Conditions.
The occurrence of a Barrier Event shall take precedence over exercise by the Security Holder or termination by the Issuer.
The Term of the Securities shall end upon the occurrence of a Barrier Event.
Term The Term of the Securities shall begin on the Issue Date (inclusive) and shall be – subject to the occurrence of a Barrier Event or to ordinary or extraordinary termination by the Issuer – unlimited (open-end).
Base Settlement Amount Not applicable Barrier Event A Barrier event shall occur if during the Observation Period and the usual times at which the Underlying is calculated and published by the Reference Agent, the Observation Price touches or is lower than the Current Knock-Out Barrier, in which case the Securities are exercised automatically and expire worthless immediately.