Basket Return definition

Basket Return means the return on the Basket over the term of the Notes, expressed as a percentage, calculated in accordance with the following formula: No Variable Return will be paid unless the Final Basket Level is greater than the Initial Average Basket Level. The Variable Return is subject to a Maximum Return but will not, in any case, be less than zero. The Principal Amount of the Note, together with any Variable Return, will be paid on August 28, 2028 subject to adjustments as set out in “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”. The Basket Level reflects only the applicable price appreciation or depreciation of the Shares and does not reflect the payment of dividends or distributions thereon. Accordingly, a Noteholder will not benefit from any dividends or distributions declared on the Shares.

Basket Return means the return on the Basket over the term of the Notes, expressed as a percentage, calculated in accordance with the following formula:

Basket Return means the return on the Basket between the Lookback Valuation Date and the Final Valuation Date, expressed as a percentage, calculated in accordance with the following formula: No Variable Return will be paid unless the Final Basket Level is greater than the Lookback Basket Level. The Variable Return is subject to a Maximum Return but will not, in any case, be less than zero. The Principal Amount of the Note, together with any Variable Return, will be paid on March 3, 2025 subject to adjustments as set out in “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”. The Basket Level reflects only the applicable price appreciation or depreciation of the Shares and does not reflect the payment of dividends or distributions thereon. Accordingly, a Noteholder will not benefit from any dividends or distributions declared on the Shares. For the purpose of calculating the Lookback Basket Level the Calculation Agent will calculate the Basket Level on any TSX Business Day. Provided that if a TSX Business Day is not an Exchange Business Day for a Share then the Closing Price of that Share on the previous Exchange Business Day will be used to calculate the Lookback Basket Level on any Lookback Valuation Date.

Examples of Basket Return in a sentence

• The Variable Return and the Basket Return are calculated in Canadian dollars (CAD) and will not reflect fluctuations in the exchange rate of the foreign currencies in which the Shares of the Companies included in the Basket are traded against the Canadian dollar.

• If the Basket Return does not fall below the Barrier Level on any Valuation Date, the Additional Amount will be zero.

• If the sum of the Basket Return and 1 is at or above the initial basket level on any Valuation Date, the Additional Amount will be calculated by multiplying the principal amount of the Notes by the Participation Ratio and the Basket Return.

• If the sum of the Basket Return and 1 is below the barrier level on any Valuation Date and below the initial basket level on any Valuation Date, the Additional Amount will be calculated by reference to the Basket Return and a different participation ratio, which will result in a Redemption Amount which is less than the Principal Amount.

• If the sum or the Basket Return and 1 does not exceed the Barrier Level on any Valuation Date, the Additional Amount will be zero."Barrier Underperformance" structure 2: if the Basket Return on any Valuation Date falls below the Barrier Level, the Additional Amount will be calculated as the Principal Amount of the Notes multiplied by the Participation Ratio and multiplied by the higher of the Coupon and the Basket Return.

More Definitions of Basket Return

Basket Return means an amount calculated as tollovs:

Basket Return means the return of the UBS Target Volatility Strategy on the Prices of the Basket Components, which is calculated in accordance with the following formula:

Basket Return means the sum of the Weighted Share Returns.

Basket Return means an amount equal to the sum of the product of Performance for each Share or Index (as applicable) in the Basket multiplied by the relevant weighting of such Share or Index in the Basket.

Basket Return means, unless otherwise specified in the definition of the relevant Series in the applicable Final Terms, an amount calculated in accordance with the following formula:Weight of Share x Share Return + Weight of Index x Index Return + Weight of Fund x Fund Return + Weight of Index Future x Index Future Return;

Basket Return means the Final Basket Level divided by the Initial Basket Level.

Basket Return means an amount calculated by the Calculation Agent in accordance with the formula specified as such in the definition of the relevant Series in the applicable Final Terms;