FR Value definition

FR Value means, in respect of a ST FR Valuation Date, Worst Value.

FR Value means, in respect of the Redemption Valuation Date, Worst Value

FR Value means the official closing level of the Index on the Redemption Valuation Date divided by the official closing level of the Index on the Strike Date (expressed as a percentage) Description of the rights, ranking and restrictions attached to the Certificates The Certificates constitute direct, unconditional, unsecured and unsubordinated debt obligations of the Issuer and will rank pari passu among themselves, with all other outstanding unsecured and unsubordinated obligations of the Issuer present and future, but, in the event of insolvency, only to the extent permitted by applicable laws relating to creditor's rights. If the Certificates fail to achieve the promised return, investors may lose up to 90 per cent. of their investment but 10 per cent. of their capital shall be protected. There are no restrictions on the free transferability of the Certificates. Where will the securities be traded? Application has been made for the Certificates to be admitted to trading on the Vienna Stock Exchange (Third Market) Is there a guarantee attached to the securities? The Certificates will have the benefit of a Guarantee given by the Guarantor. Such obligations of the Guarantor pursuant to the Guarantee will constitute direct, unconditional and unsecured obligations of the Guarantor and rank pari passu with all otherunsecured and unsubordinated obligations of the Guarantor. The Guarantor’s LEI is: 549300WEVBGDQ4D14J71. The Guarantor is a private limited company incorporated in England and Wales under the Companies Act 2006 with registered number 08853583 on 21 January 2014. The Guarantor’s registered office is 1 Knightsbridge Green, London, United Kingdom, SW1 7NE. The principal business of the Guarantor is investment management, including the trading of derivative products linked to interest rates, foreign exchange, equities, commodities and credit. The primary objective of the Guarantor is to offer asset management services and quantitative investment strategies. Key financial information for the purpose of assessing the Guarantor’s ability to fulfil its commitments under the Guarantee The following tables provides selected key financial information (within the meaning of Regulation 2019/979) of Cirdan for the financial years ended 31 January 2019 and 31 January 2018: In £31/01/ 2019(audited)31/01/2018(audited) Most material risk factors pertaining to the Guarantor

Examples of FR Value in a sentence

• Subject to any prior purchase and cancellation or early redemption, each Certificate will be redeemed on the maturity date at an amount determined in accordance with the methodology set out below: Redemption (i) FR Value Redemption - Early Redemption.

• Final Payout:Applicable Redemption (ii) - Call Constant Percentage + (Leverage * (FR Value – Strike Percentage)) * RI FX Rate For such purposes:“Constant Percentage” means 100 per cent.

• Final Payout:Redemption (viii) – Digital (A) If Final Redemption Condition is satisfied in respect of a ST Redemption Valuation Date: Constant Percentage; (B) Otherwise: Max [Put Floor Percentage; FR Value + Strike Percentage] Where "Constant Percentage" means 100%.

• Average FR Values Before and After Consistency Check Adjustment MeasureAverage FR Value Before AdjustmentAverage FR Value After Adjustment As shown in Table 71, incorporating these new adjusted FR scores has no effect on our estimates.

• The Final Payout is determined as follows:"Final Payout" means:(A) If Final Redemption Condition is satisfied in respect of a ST Redemption Valuation Date: Constant Percentage; or (B) Otherwise: FR Value Where: "Constant Percentage" means 100%.

More Definitions of FR Value

FR Value means, in respect of a ST FR Valuation Date and in respect of each Reference Item (k), the Worst Value

FR Value means, in respect of the Redemption Valuation Date, the RI Value.

FR Value means, RI Value, where:

FR Value means, in respect of a ST FR Valuation Date, RI Value.

FR Value means, in respect of the Reference Item, the ratio (expressed as a percentage) between official closing price on the Redemption Valuation Date divided by the official closing price on the Strike Date.

FR Value means, in respect of the ST FR Valuation Date, the RI Value."Initial Closing Price" means the RI Closing Value of the Reference Item on the Valuation Date, which shall be the Strike Date."RI Closing Value" means, in respect of the Reference Item and the ST Valuation Date, the Settlement Level (as defined in the Equity Linked Conditions) on such ST Valuation Date.

FR Value means, in respect of the ST FR Valuation Date, the Worst Value.