ETF Underlying Index definition

ETF Underlying Index means the benchmark index or asset(s) to which such ETF is linked.
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ETF Underlying Index means the benchmark index to which such ETF is linked, subject to adjustment from time to time in accordance with the provisions as set out in Condition 14.5.
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ETF Underlying Index means, in relation to an ETF, where applicable, the underlying index specified in the applicable Pricing Supplement.
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Examples of ETF Underlying Index in a sentence

  • If the Share is an ETF, the occurrence of any of the following events: (i) an Adjustment to the ETF Underlying Index, (ii) a Change of Investment Policy, (iii) a Liquidation, (iv) a Redemption of Shares, (v) a Restriction on Shares or (vi) a Termination of ETF Adviser and/or ETF Administrator.

  • The Calculation Agent may implement Substitution of the relevant Share if the ETF Advisor of the Company makes or announces its intention to make a change to the investment objectives, risk profile or other investment guidelines of the Company, in any material respect, or makes any other substantial change to the terms and conditions of the Company, to the extent that the Shares cease, or are reasonably likely to cease, to replicate the ETF Underlying Index.

  • Change of Investment Policy: means that the ETF Adviser effects or announces an intention to effect a change in the investment objectives, risk profile or investment guidelines of the ETF Issuer in any material respect or makes any other material change to the terms and conditions of the ETF Issuer such that the ETF cease to or is reasonably likely to cease to track the ETF Underlying Index.

  • The current index methodology for each Double Commodity ETF Underlying Index, including the current roll methodologies, is posted on the Index Provider’s website at www.solactive.com.

  • The Manager posts the current roll methodology for each Double Commodity ETF Underlying Index on its website, www.HorizonsETFs.com.

  • Your investment decision should be based solely upon your own independent assessment of our financial condition and affairs, and your own appraisal of our prospects, our creditworthiness, the Terms, Underlying Equities, Underlying ETF, Underlying Index and any other factors relevant to your decision, including the merits and risks involved.

  • If the Share is an Exchange Traded Fund (the “ETF”), the occurrence of any of the following events: (i) an Adjustment to the ETF Underlying Index, (ii) a Change of Investment Policy, (iii) a Liquidation, (iv) a Redemption of Shares, (v) a Restriction on Shares or(vi) a Termination of ETF Adviser and/or ETF Administrator.

  • Any profit earned and any loss incurred by us in our trading and advisory activities in relation to the Structured Warrants, the Underlying Equities, the Underlying ETF, Underlying Index or otherwise, will accrue entirely to us independently of our obligations to the Holders.

  • Assess the financial implications of new equipment, force structures, operating/maintenance scenarios and technol- ogy.


More Definitions of ETF Underlying Index

ETF Underlying Index means, in respect of any ETF, the benchmark index to which such ETF is linked, subject to adjustment from time to time in accordance with the provisions as set out in Condition (f) (Particular Provisions) below.
Sample 1
ETF Underlying Index means each of the MSCI EAFE Index and the MSCI Emerging Markets Index. The “Pricing Date” shall mean January 21, 2016. The “Starting Level” is 100. The “Ending Level” will be calculated based on the weighted returns of the Basket Components and will be equal to the product of (i) 100 and (ii) an amount equal to 1 plus the sum of: (A) 60% of the Component Return of the S&P 500 Index; (B) 25% of the Component Return of the iShares MSCI EAFE ETF; (C) 10% of the Component Return of the Russell 2000 Index; and (D) 5% of the Component Return of the iShares MSCI Emerging Markets ETF. The “Threshold Level” is 90, which is equal to 90% of the Starting Level. The “Participation Rate” is 150%. The “Capped Value” is 118.15% of the Face Amount of this Security. The “Component Return” of an Index Component will be equal to: Final Component Level – Initial Component Level Initial Component Level where, • the “Initial Component Level” is the Closing Level of such Index Component on the Pricing Date, as set forth below; and • the “Final Component Level” will be the Closing Level of such Index Component on the Calculation Day. The “Initial Component Levels” of the Index Components are as follows: S&P 500 Index (1868.99); and Russell 2000 Index (997.342). The “Closing Level” of an Index Component on any Trading Day means the official Closing Level of that Index Component reported by the relevant Index Sponsor on such Trading Day, as obtained by the Calculation Agent on such Trading Day from the licensed third-party market data vendor contracted by the Calculation Agent at such time; in particular, taking into account the decimal precision and/or rounding convention employed by such licensed third-party market data vendor on such date, subject to the provisions set forth below under “—Market Disruption Events” and “—Discontinuance of an Index Component; Alteration of Method of Calculation.” The “Component Return” of an ETF Component will be equal to: Final Component Price – Initial Component Price Initial Component Price where,
Sample 1

Related to ETF Underlying Index

  • Underlying Index means each of the S&P 500 Index, the Russell 2000 Index, the MSCI EAFE Index and the MSCI Emerging Markets Index. The “Pricing Date” shall mean March 28, 2012. The “Starting Price” is 100. The “Ending Price” will be calculated based on the weighted returns of the Basket Components and will be equal to the product of (i) 100 and (ii) an amount equal to 1 plus the sum of: (A) 45% of the Component Return of the SPDR S&P 500 ETF Trust; (B) 20% of the Component Return of the iShares Russell 2000 Index Fund; (C) 20% of the Component Return of the iShares MSCI EAFE Index Fund; and (D) 15% of the Component Return of the iShares MSCI Emerging Markets Index Fund. The “Component Return” of a Basket Component will be equal to: Final Component Price – Initial Component Price Initial Component Price where, • the “Initial Component Price” is the Fund Closing Price of such Basket Component on the Pricing Date; and • the “Final Component Price” will be the Fund Closing Price of such Basket Component on the Calculation Day. The Initial Component Prices of the Basket Components are as follows: SPDR S&P 500 ETF Trust ($140.43); iShares Russell 2000 Index Fund ($83.30); iShares MSCI EAFE Index Fund ($54.75); and iShares MSCI Emerging Markets Index Fund ($42.69). The “Fund Closing Price,” with respect to a Basket Component on any Trading Day, means the product of (i) the Closing Price of one share of such Basket Component (or one unit of any other security for which a Fund Closing Price must be determined) on such Trading Day and (ii) the Adjustment Factor applicable to such Basket Component on such Trading Day. The “Closing Price” with respect to a share of a Basket Component (or one unit of any other security for which a Closing Price must be determined) on any Trading Day means the price, at the scheduled weekday closing time, without regard to after hours or any other trading outside the regular trading session hours, of the share on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the share (or any such other security) is listed or admitted to trading. The “Adjustment Factor” means, with respect to a share of a Basket Component (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of such Basket Component. See “Anti-dilution Adjustments Relating To A Basket Component; Alternate Calculation—Anti-dilution Adjustments.” The “Capped Value” is 151% of the Face Amount of this Security. The “Threshold Price” is equal to 80% of the Starting Price. The “Participation Rate” is 150%.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • CMT Index Not applicable.

  • CPI Index means the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban Consumers, U.S. City Average, “All Items” (1982-84 = 100), or any successor index thereof as such successor index may be appropriately adjusted to establish substantial equivalence with the Consumer Price Index; provided that if the Consumer Price Index ceases to be published and there is no successor thereto, such other index as the Company shall designate in writing to the Trustee shall be substituted for the Consumer Price Index.

  • National Cost of Funds Index The National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the Office of Thrift Supervision.

  • RPIX Index shall have the meaning given to it in paragraph 5.4 of Schedule 3 (Charging Structure) of this Framework Agreement;

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • Retail Prices Index means the retail prices index for the whole economy of the United Kingdom and for all items as published from time to time by the Office for National Statistics as “RPI” or, if such index shall cease to be published or there is, in the reasonable opinion of the Secretary of State, a material change in the basis of the index or if, at any relevant time, there is a delay in the publication of the index, such other retail prices index as the Secretary of State may, after consultation with the Franchisee, determine to be appropriate in the circumstances;

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Municipal Market Data, Inc. or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund and consented to in writing by Holders of greater than 50% of RVMTP Shares, which shall not be unreasonably withheld by such Holders.

  • Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.

  • Limited Indexation Month means any month specified in the relevant Final Terms for which a Limited Indexation Factor is to be calculated;

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • LIBOR Market Index Rate means, for any day, the rate for one-month U.S. dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m., London time, for such day, provided, if such day is not a LIBOR Business Day, the immediately preceding LIBOR Business Day (or if not so reported, then as determined by the Swingline Lender from another recognized source or interbank quotation).

  • Final Index Price means the average of the closing price of the Index on each of ten (10) consecutive trading days immediately preceding the Determination Date.

  • Inflation Index means each inflation index specified in the applicable Final Terms and related expressions shall be construed accordingly.

  • Worst Performing Index means the Index for which the performance is the lowest in accordance with the definition of WOfinal

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;

  • SOFR Index means, with respect to any U.S. Government Securities Business Day:

  • Case-mix index means an arithmetical index measuring the relative average costliness of outpatient cases treated in a hospital, compared to the statewide average.

  • Base Index means the most recent Consumer Price Index published immediately prior to the Commencement Date.

  • Hazard Index means the sum of two or more hazard quotients for multiple hazardous substances and/or multiple exposure pathways.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Certificate Index With respect to each Distribution Date and the LIBOR Certificates, the rate for one month United States dollar deposits quoted on Telerate Page 3750 as of 11:00 A.M., London time, on the related Interest Determination Date relating to each Class of LIBOR Certificates. If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be reasonably selected by the Trust Administrator after consultation with DLJMC), the rate will be the Reference Bank Rate. If no such quotations can be obtained and no Reference Bank Rate is available, the Certificate Index will be the Certificate Index applicable to the preceding Distribution Date. On the Interest Determination Date immediately preceding each Distribution Date, the Trust Administrator shall determine the Certificate Index for the Accrual Period commencing on such Distribution Date and inform the Master Servicer and each Servicer of such rate.

  • Financial Markets means international financial markets in which currency and other financial assets exchange rates are determined in multi-party trade.

  • SOFR IndexStart means the SOFR Index value on the day which is two U.S. Government Securities Business Days preceding the first date of the relevant Interest Period (an "Index Determination Date"); and

  • Treasury Index Rate means the average yield to maturity for actively traded marketable U.S. Treasury fixed interest rate securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15 (519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Trust by at least three recognized dealers in U.S. government securities selected by the Trust.