Benchmark Rate LevelA definition

Benchmark Rate LevelA means the rate determined on the Interest Observation Date in accordance with Condition 6(l) (Benchmark Rate) with variables set out in the Final Terms;
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Benchmark Rate LevelA means the rate determined on a Range Accrual Day in accordance with Condition 6(l) (Benchmark Rate) with variables set out in the Final Terms;
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Related to Benchmark Rate LevelA

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.