Downside Trigger definition

Downside Trigger means $650 per $1,000 Principal Amount of Securities during the period prior to February 1, 2020. Beginning on February 1, 2020, and ending on February 1, 2035, inclusive, the Downside Trigger will increase in increments of $10 per $1,000 Principal Amount of Securities per semi-annual ordinary interest period on August 1 and February 1 of each year within such period. After February 1, 2035, the downside trigger will remain at $960 per $1,000 principal amount of Securities. As an example, the Downside Trigger will be $710 per $1,000 Principal Amount of Securities during the period commencing on August 1, 2022, and ending January 31, 2023.

Downside Trigger means $500 during the period prior to November 15, 2020. Beginning on May 15, 2021 and ending on November 15, 2036, the “Downside Trigger” will increase in increments of $12.50 per Interest Payment Period on November 15 and May 15 of each year within such period. After November 15, 2036, the “Downside Trigger” will remain at $900. As an example and for the avoidance of doubt, the Downside Trigger will be $700 during the period commencing on November 15, 2028 and ending on May 15, 2029.

Downside Trigger initially means $400 per $1,000 Principal Amount of Securities with respect to the semiannual Regular Interest period that begins December 15, 2017. Beginning on June 15, 2018 and ending on December 15, 2035, the Downside Trigger will increase in increments of $15 per $1,000 Principal Amount of Securities per semi-annual period for the payment of Regular Interest on June 15 and December 15 of each year within such period. On and after December 15, 2035, the downside trigger will be $950 per $1,000 Principal Amount of Securities. As an example and for the avoidance of doubt, the Downside Trigger will be $610 per $1,000 Principal Amount of Securities during the period commencing on December 15, 2024 and ending on June 14, 2025 and will be measured against the average of the Trading Prices of the Securities for the 10 Trading Days immediately preceding December 15, 2024.

Examples of Downside Trigger in a sentence

• If the Notes are not redeemed early by us and the Final Rate of the Reference Rate is less than the Downside Trigger Level (i.e., the Reference Rate has declined from its Initial Rate by more than 40.00%), the Redemption Amount payable to you at maturity will be based on the negative performance of the Reference Rate and will be at least 40.00% less than your initial investment amount (and may be zero), as described on the cover page herein.

• Therefore, if the Relevant Rate is less than the Downside Trigger Level (which is 40.00% of the Initial Rate) on the Valuation Date, you could lose up to 100% of your initial principal investment in the Notes.

• The goal of this RFP is to attract the highest quality providers, who can provide appealing, nutritious meal options for growing senior needs for the lowest cost, while meeting the requirements and demand for services.

• TABLE 1: This table shows the value of the Redemption Amount payable on the Maturity Date (excluding any conditional coupons payable over the term of the Notes) on a hypothetical $1,000 investment assuming the Closing Level of each Reference Index has not decreased below its respective Downside Trigger Level on the Valuation Date.

• These examples show that even if the Final Index Levels for other Reference Indices are greater than their respective Initial Index Level, as long as the Final Index Level for at least one of the Reference Indices is less than its respective Downside Trigger Level, at maturity an investor would receive an amount that is less than the Notional Amount of the Notes that such investor holds.

More Definitions of Downside Trigger

Downside Trigger. ’ initially means $400 per $1,000 principal amount of the debentures with respect to the semiannual ordinary interest period that begins December 15, 2017. Beginning on June 15, 2018 and ending on December 15, 2035, the downside trigger will increase in increments of $15 per $1,000 principal amount of debentures per semiannual ordinary interest period on June 15 and December 15 of each year within such period. On and after

Downside Trigger means $650 per $1,000 Principal Amount of Securities during the period prior to February 1, 2020. Beginning on February 1, 2020, and ending on February 1, 2035, inclusive, the Downside Trigger will increase in increments of $10 per $1,000 Principal Amount of Securities per semi-annual ordinary interest period on August 1 and February 1 of each year within such period. After February 1, 2035, the downside trigger will remain at $960 per $1,000 principal amount of Securities. As an example, the Downside Trigger will

Downside Trigger means $600 per $1,000 principal amount of notes during the period prior to November 15, 2021. Beginning on November 15, 2021 and ending on May 15, 2039, the downside trigger will increase in increments of $10 per $1,000 principal amount of notes per semi-annual ordinary interest period on May 15 and November 15 of each year within such period. After May 15, 2039, the downside trigger will remain at $960 per $1,000 principal amount of notes.

Downside Trigger means $550 per $1,000 principal amount of Notes during the semi-annual period commencing on February 15, 2021, and in all subsequent semi-annual periods through and including the period commencing on August 15, 2025. Beginning on February 15, 2026, and ending on February 15, 2040, inclusive, the Downside Trigger will increase in increments of $15 per $1,000 principal amount of Notes per semi-annual period for the payment of interest on February 15 and August 15 of each year within such period. After February 15, 2040, the downside trigger will remain at $970 per $1,000 principal amount of Notes. As an example, the Downside Trigger will be $565 per $1,000 principal amount of Notes during the period commencing on February 15, 2026, and ending on August 15, 2026.

Downside Trigger means $500 per $1,000 principal amount of debentures during the period prior to August 15, 2021. Beginning on August 15, 2021 and ending on August 15, 2035, the downside trigger will increase in increments of $15 per $1,000 principal amount of debentures per semiannual ordinary interest period on February 15 and August 15 of each year within such period. After August 15, 2035, the downside trigger will remain at $950 per $1,000 principal amount of debentures. For example, the downside trigger will be $605 per $1,000 principal amount of debentures during the period commencing on August 15, 2024 and ending on February 14, 2025.

Downside Trigger means $780 per $1,000 Principal Amount of Securities during the period prior to April 15, 2023. Beginning on April 15, 2023, and ending on October 15, 2035, inclusive, the Downside Trigger will increase in increments of $7.50 per $1,000 Principal Amount of Securities per semi- annual ordinary interest period on April 15 and October 15 of each year within such period. After October 15, 2035, the downside trigger will remain at $975 per $1,000 principal amount of Securities. As an example, the Downside Trigger will be $825 per $1,000 Principal Amount of Securities during the period commencing on October 15, 2025, and ending April 14, 2026.

Downside Trigger means $500 per $1,000 principal amount of Notes during the period prior to April 1, 2026. Beginning on April 1, 2026, and ending on April 1, 2041, inclusive, the Downside Trigger will increase in increments of $15 per $1,000 principal amount of Notes per semi-annual period for the payment of interest on April 1 and October 1 of each year within such period. After April 1, 2041, the downside trigger will remain at $965 per $1,000 principal amount of Notes. As an example, the Downside Trigger will be $515 per $1,000 principal amount of Notes during the period commencing on April 1, 2026, and ending on September 30, 2026.