Examples of CMS Linked Note in a sentence
Each CMS Linked Note bears interest on its outstanding nominal amount from and including the Interest Commencement Date at the rate per annum (expressed as a percentage) equal to the Rate of Interest, such interest being payable in arrear on each Interest Payment Date.
Where the Specified Denomination of a Floating Rate Note, a CMS Linked Note or an Inflation Linked Interest Note in definitive form comprises more than one Calculation Amount, the Interest Amount payable in respect of such Note shall be the aggregate of the amounts (determined in the manner provided above) for each Calculation Amount comprising the Specified Denomination without any further rounding.
Each Note may be a Fixed Rate Note, a Floating Rate Note, a Zero Coupon Note, an FX Linked Interest Note, an Inflation Linked Note or a CMS Linked Note, depending on the Interest Basis specified in the applicable Final Terms.
This mechanism is not suitable for determining the interest rate payable on a Floating Rate Note, FX Linked Interest Note, CMS Linked Note or Inflation Linked Note on a long-term basis and which may ultimately result in the effective application of a fixed rate to what was previously a Floating Rate Note, FX Linked Interest Note, CMS Linked Note or Inflation Linked Note.
Upon the date on which any Floating Rate Note, Fixed Rate Note which specifies Interest Payment Date Adjustment as being applicable in the applicable Final Terms, CMS Linked Note or Inflation Linked Interest Note in bearer form becomes due and repayable, unmatured Coupons and Talons (if any) relating thereto (whether or not attached) shall become void and no payment or, as the case may be, exchange for further Coupons shall be made in respect thereof.
This could also affect the possibility for the Rate Determination Agent to apply the fallback provision of Condition 5.2(f) meaning that the applicable Original Reference Rate will not be changed (but subject to the other provisions of Condition 5.2) and which may ultimately result in the effective application of a fixed rate to what was previously a Floating Rate Note, FX Linked Interest Note, CMS Linked Note or Inflation Linked Note.
Each Floating Rate Note, Inverse Floating Rate Note, Variable Rate Note, Range Accrual Note, CMS Linked Note, Index Linked Interest Note, Equity Linked Interest Note and FX Linked Interest Note bears interest on its outstanding nominal amount from the Interest Commencement Date at the rate per annum (expressed as a percentage) equal to the Rate of Interest, such interest being payable in arrear on each Interest Payment Date.
This Condition 6(b) is applicable to the Notes only if the Floating Rate Note Provisions, CMS Linked Note provisions, Equity Linked Note Provisions or Inflation Linked Note Provisions are specified in the relevant Applicable Transaction Terms as being applicable or if the Index Linked Note provisions are specified in the relevant Pricing Supplement or Drawdown Prospectus or Drawdown Listing Particulars (as the case may be) as being applicable.
It is the parties intent that progressive discipline be employed so that if possible, problems may be resolved without resorting to termination.
Where the Specified Denomination of a Floating Rate Note, a CMS Linked Note or an Inflation Linked Interest Note in definitive form comprises more than one Calculation Amount, the Interest Amount payable in respect of such Note shall be the aggregate of the amounts (determined in the manner provided above) for each Calculation Amount comprising the Specif ied Denomination w ithout any further rounding.