Ex Coupon Indicative Value definition

Ex Coupon Indicative Value means, on any Index Roll Date an amount equal to the Closing Indicative Value on such date minus the amount of the Interest Payment per Security that will be paid on the Coupon Payment Date immediately following such date. The Ex Coupon Indicative Value on the Inception Date shall be $50.
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Examples of Ex Coupon Indicative Value in a sentence

  • The amount of the Interest Payment on any Coupon Payment Date shall equal the Ex Coupon Indicative Value on the Index Roll Date for the immediately preceding month times the difference between (i) the Monthly IV Return and (ii) the Monthly Spot Return.

  • For the purpose of calculating the first Interest Payment, the Index Roll Date for the immediately preceding month shall be deemed to be the Inception Date, and the Ex Coupon Indicative Value on such date shall be deemed to be equal to the Closing Indicative Value.

Related to Ex Coupon Indicative Value

  • HICP Daily Inflation Reference Index means (A) in relation to the first day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.