Initial Commodity Price means the Commodity Reference Price of the Commodity in respect of the Initial Pricing Date, as determined by the Calculation Agent, and subject to adjustment and/or correction in accordance with the Conditions, being, as of the date of this Pricing Supplement, USD 63.46.
Initial Commodity Price means the Closing Level of the Commodity or Commodity Futures Contract on the Trade Date, or such other price as specified in the relevant pricing supplement.
More Definitions of Initial Commodity Price
Initial Commodity Price means, in respect of an underlying commodity, the commodity price of such underlying commodity on the pricing date or such other date as may be specified in the applicable pricing supplement, in either case, subject to adjustment in the event of a market disruption event or a non-trading day. In the event of a market disruption event or a non-trading day in respect of any underlying commodity on the pricing date or such other date as may be specified in the applicable pricing supplement, the initial commodity price of such underlying commodity shall be determined in accordance with paragraphs (i), (ii) and (iii) under “determination date” above as if the pricing date or such specified date were a determination date.