Examples of Final Basket Level in a sentence
For purposes of calculating the Final Basket Level in the event of a Disruption Event relating to one or more Component Commodities in accordance with the above, “trading day” means a day, as determined in good faith by the Calculation Agent, on which trading is generally conducted on the Relevant Exchange applicable to the affected Component Commodity.The “Calculation Agent” means Lehman Brothers Commodity Services Inc, the determinations and calculations of which will be binding absent manifest error.
The Supplemental Redemption Amount, if any, will be based upon the Basket Return, which will be calculated as follows: The "Basket Return" shall equal: Basket Percentage Change x Participation Rate The "Basket Percentage Change" shall equal: (Final Basket Level - Initial Basket Level) Initial Basket Level The result will be rounded to the nearest ten-thousandth of a decimal place and then expressed as a percentage.
The following examples assume an initial investment of $100,000 (1,000 Notes), that the Notes are held until maturity or redemption and that the Basket Levels follow the paths shown in the charts below:Example #1: Basket Level on every Valuation Date is less than the Auto-Call Level, the Basket Return on every Valuation Date is less than the Payment Threshold, and the Final Basket Level is less than the Barrier Level.
He was a member of the Executive Committee of Lafarge India, heading corporate affairs followed by sales.
The Maturity Payment Amount shall be the following: o If the Final Basket Level is greater than or equal to the Initial Basket Level: Final Basket Level $1,000 x ------------------ Initial Basket Level o If the Final Basket Level is less than the Initial Basket Level but equal to or greater than the Threshold Level, $1,000.