Examples of Index Initial in a sentence
Index Initial: The official Closing Level of the Index on the Initial Valuation Date.
Additionally, appropriate routine cost redistributions occur during the normal monthly business cycle.
The applicable Barrier Level shall be 70 % of the Index Initial as per the observation on the Final Valuation Date.
In such event the Issuer shall pay in respect of each Note an amount determined by the Calculation Agent as representing the fair market value of such Note immediately prior to the relevant Valuation Date (Index), Initial Setting Date, Initial Averaging Date or Averaging Date (as the case may be), using in the case of a redemption following an Index Adjustment Event, the formula or method to calculate the relevant Index in effect immediately prior to such Index Adjustment Event.
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