Examples of Early Redemption Factor (k) in a sentence
In this case, the Security Holder receives the respective Early Redemption Amount (k) on the respective Early Payment Date (k).An Early Redemption Event means that the Reference Price on the respective Observation Date (k) is equal to or greater than the Early Redemption Level (k).Early Redemption Level (k) means the product of the Early Redemption Factor (k) and the Initial Reference Price.
Expressed with a formula, that means: Early Redemption Level (k) = Early Redemption Factor (k) x Initial Reference Price.
In that case, the Early Redemption Level (k) will be calculated by multiplying the Early Redemption Factor (k) by the Initial Reference Price.