Index Ending Level definition

Index Ending Level means the closing level of the Index on the applicable Trading Day.
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Index Ending Level means the closing level of the Index as determined by the Calculation Agent on the Valuation Date; provided, however, that if the Valuation Date occurs on (a) a day that is not a Scheduled Trading Day or (b) a Disrupted Day, then the Index Ending Level shall be the closing level of the Index as determined by the Calculation Agent on the next succeeding Scheduled Trading Day that is not a Disrupted Day. If the determination of the Index Ending Level is postponed then the Maturity Date of this Security shall be postponed an equal number of Scheduled Trading Days.
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Index Ending Level means the closing level of the Index on the applicable Valuation Date.
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Examples of Index Ending Level in a sentence

  • The Index Ending Level is the closing level of the S&P 500 Financials Index on the corresponding observation or trade date.

  • The Contractor shall maintain the plans, procedures, trained personnel, and calibrated equipment necessary to accomplish the RAP mission.

  • Yes Determine the Index ReturnAt maturity, you will receive your principal reduced by an amount based on the percentage decrease in the Index from the Index Starting Level to the Index Ending Level, calculated as follows: $10 × (1 + Index Return)In this scenario, you could lose some or all of your principal depending on how much the Index decreases.

  • In this case, the note matures and the client receives a net payment of zero onthe Final Valuation date, i.e. the client breaks even.−•The eighth and last case occurs if the note is not called previously and dmin, the mini- mum cumulative daily index return during the observation period, is less than 50%;i.e. the smallest Index Ending Level falls below the Trigger Level.

  • Reference Index ReturnThe Reference Index Return is calculated as follows:Reference Index Return = Index Ending Level – Index Starting LevelIndex Starting LevelThe “Index Starting Level” is the Closing Level of the Reference Index on the Strike Date.The “Index Ending Level” is the arithmetic average of the Reference Index Closing Levels on the seven Averaging Dates.

  • Suppose also that the Index Return, when measured on the final valuation date, is substantially greater than zero, i.e., the Index Ending Level is higher than the Index Starting Level; then the language used in the pricing supplement appears to give the seller of the note the power to have called the note in a way so as to minimize the return to note holders.

  • In the event that the valuation date occurs on a non-trading day or if a market disruption event 9 occurs on such date, the valuation date will be the next trading day on which no market disruption event occurs.If the Index Ending Level is greaterthan the Index Starting Level, the Mandatory Payment per Note will equal:⎡ ⎛$1,000 × Index Ending Level − Index Starting Level⎞⎞ ⎤⎣⎦1 + ⎝3.0 × ⎮⎝Index Starting Level⎮⎠ ⎮⎠  subject to the Maximum Payment.

  • Also, if the Index Ending Level is less than the Trigger Level then I < −0.5 and conversely.The section of the pricing supplement entitled “Payment at Maturity” contains a diagram which is used to illustrate the rules for calculating net payments to clients.


More Definitions of Index Ending Level

Index Ending Level means (a) the average, arithmetic mean, of the closing levels of the Index determined on each of five specified Valuation Days during the Calculation Period, (b) if there are fewer than five Valuation Days in the Calculation Period, the average, arithmetic mean, of the closing levels of the Index on those Valuation Days that occur, or (c) if there is only one Valuation Day in the Calculation Period, the closing level of the Index on that Valuation Day; provided, however that if no Valuation Day occurs during the Calculation Period, then the Index Ending Level means the closing level of the Index on the next succeeding Scheduled Trading Day that is not a Disrupted Day. If no Valuation Day occurs during each of the eight Scheduled Trading Days immediately following the last Scheduled Trading Day in the Calculation Period, then such eighth Scheduled Trading Day shall be the date on which the Index Ending Level shall be determined, and the Calculation Agent shall, in its sole discretion, make a good faith effort to determine the Index Ending Level that would have prevailed in the absence of a Market Disruption Event. If the Valuation Date is postponed then the Maturity Date of this Security shall be postponed an equal number of Scheduled Trading Days.
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Index Ending Level means the closing level of the Index as determined by the Calculation Agent on the Valuation Date.
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Index Ending Level means the arithmetic average of the Reference Index Closing Levels on the seven Averaging Dates;
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Index Ending Level means either the Nikkei 225SM Index Ending Level or the S&P 500® Index Ending Level, as applicable.
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Index Ending Level means the arithmetic average of the closing levels of the Index determined on each specified Valuation Date; provided, however, that if any specified Valuation Date occurs on (a) a day that is not a Scheduled Trading Day or (b) a Disrupted Day, then such Valuation Date shall occur on the next succeeding Scheduled Trading Day that is not a Disrupted Day, and if each of the eight Scheduled Trading Days immediately following the specified Valuation Date is a Disrupted Day, then such eighth Scheduled Trading Day shall be the date on which the closing level of the Index for such Valuation Date shall be determined. The Calculation Agent shall, in its sole discretion, make a good faith effort to determine the Index Ending Level that would have prevailed in the absence of a Market Disruption Event. If the Final Valuation Date is postponed then the Maturity Date of this Security shall be postponed an equal number of Scheduled Trading Days.
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Index Ending Level means the Index Closing Level on the Observation Date.
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Related to Index Ending Level

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Pricing Level I shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is greater than or equal to 3.50 to 1.00.

  • Pricing Level III shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.00 to 1.00 but greater than or equal to 2.50 to 1.00.

  • Pricing Level II shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00.

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.

  • Applicable Rating Level at any time shall be determined in accordance with the then-applicable S&P Rating or the then-applicable Xxxxx’x Rating as follows: S&P Rating/Xxxxx’x Rating Applicable Rating Level S&P Rating AA or higher or Xxxxx’x Rating Aa2 or higher 1 S&P Rating AA- or Xxxxx’x Rating Aa3 2 S&P Rating A+ or Xxxxx’x Rating A1 3 S&P Rating A or Xxxxx’x Rating A2 4 S&P Rating A- or below or Xxxxx’x Rating A3 or below or unrated 5 The Applicable Rating Level for any day shall be determined based upon the higher of the S&P Rating and the Xxxxx’x Rating in effect on such day. If the S&P Rating and the Xxxxx’x Rating are not the same (i.e., a “split rating”), the higher (better) of such ratings shall control, unless the ratings differ by more than one level, in which case the rating one level below the higher of the two ratings shall control.

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

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

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Маrgin Level for CFD trading shall mean the percentage of Equity to Necessary Margin ratio. It is calculated as: Margin Level = (Equity / Necessary Margin) x 100%.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Index Debt means senior, unsecured, long-term indebtedness for borrowed money of the Borrower that is not guaranteed by any other Person or subject to any other credit enhancement.

  • Index year means the earliest calendar year in which the

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

  • Index Debt Rating means the S&P Rating, the Xxxxx’x Rating and the Fitch Rating.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • 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).

  • Index B means the index for the year prior to index A.