Examples of Barrier Event in a sentence
Ratio 1 : 1 Cash Amount If no Barrier Event has occurred during the Observation Period, the Cash Amount (section 3 of the General Conditions) shall be equal to the difference, expressed in the Currency of the Underlying, by which the relevant Reference Price on the Valuation Date is higher than the Current Strike, divided by the Ratio, i.e. (Reference Price – Current Strike) / Ratio.
Notice shall be given of the occurrence of the Barrier Event in accordance with section 12 of the General Conditions.
The Term of the Securities shall end upon the occurrence of a Barrier Event.
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.
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).