Initial Fixing Level definition

Initial Fixing Level means the initial fixing level of the Basket Component as specified in Table 1 in the Annex which corresponds to the Reference Price of the Basket Component on the Initial Fixing Date, as determined by the Calculation Agent.
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Initial Fixing Level has the meaning as determined in the Final Termsheet
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Initial Fixing Level means [the initial fixing level of the [Underlying] [Basket Component] as specified in Table 1 in the Annex [which corresponds to the Price of the [Underlying] [Basket Component] on the Initial Fixing Date as determined by the Calculation Agent][which corresponds to the Reference Price of the [Underlying] [Basket Component] on the Initial Fixing Date] [and] [on the basis of which the Issue Price was determined.]] [the Reference Price of the [Underlying] [Basket Component] on the Initial Fixing Date, as determined by the Calculation Agent.] [a Price of the [Underlying] [Basket Component] as determined by the Calculation Agent on the Initial Fixing Date.] [the arithmetic mean of the Reference Prices of the Underlying during the Initial Fixing Period.] [the arithmetic mean of the Reference Prices of all Basket Components on the Initial Fixing Date.] [is an observed value of the relevant Basket Component on the relevant Exchange on the Initial Fixing Date, defined by the Calculation Agent. The Initial Fixing Level of the relevant Basket Component is specified in Table 2 in the Annex.]
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Examples of Initial Fixing Level in a sentence

  • If a Barrier Event has occurred but all Underlyings close above their Initial Fixing Level at the Final Fixing Date, the Investor will still receive on the Redemption Date a Cash Settlement which equals the Denomination.

  • If a Barrier Event has occurred but all Underlyings close above their Initial Fixing Level at the Final Fixing Date the Investor will still receive on the Redemption Date a Cash Settlement which equals the Denomination.

  • Distribution Fees Listing / Exchange Secondary Market Quoting Type Quotation TypeMinimum Investment Minimum Trading Lot ClearingDepository Public Offering FormGoverning Law / Jurisdiction Notification WebsiteSelling Restrictions Significant ChangesFor each Underlying the performance is calculated by dividing its Final Fixing Level by the respective Initial Fixing Level.

  • This cash amount will be calculated by multiplying such fractional amount by the Final Fixing Level of the Worst Performing Underlying.Worst Performing Underlying For each Underlying the performance is calculated by dividing its Final FixingLevel by the respective Initial Fixing Level.

  • If the Final Fixing Levels of all Underlyings trade at or above the Initial Fixing Level, redemption will be 100% of Denomination.Additionally, the Coupon(s) will be paid out according to Coupon Payment Dates.

  • In respect of Products for which 'Predetermined Strike Level' is specified to be 'Applicable' in the Issue Terms, notwithstanding that the strike level is specified as a percentage of the Initial Fixing Level in the Issue Terms, the strike level was determined on a date prior to the date on which the Initial Fixing Level is determined.

  • The Redemption Amount is at least zero.The "Performance of the Basket Component" equals the quotient of the Final Fixing Level (dividend) and the Initial Fixing Level (divisor) of the relevant Basket Component.The Redemption Amount will be converted into the Settlement Currency in accordance with paragraph (4), as the case may be, and commercially rounded to two (2) decimal places.

  • If on any Conditional Coupon Observation Date, all Underlyings close at or above the respective Coupon Trigger Level multiplied by their respective Initial Fixing Level, each Product gives the Investor the right to receive on the Conditional Coupon Payment Date, theConditional Coupon Amount for the respective Conditional Coupon Observation Date plus the sum of all Conditional Coupon Amounts which have not been paid until the current Coupon Observation Date (Memory Feature).

  • Steepener Product: Not Applicable Provisions relating to the Underlying(s) Share Linked Conditions:Not Applicable*Levels are expressed in percentage of the Initial Fixing Level 43.Participation Certificate (Genussscheine)Linked Conditions:Not Applicable44.

  • In cases where the Issuer or the Calculation Agent determines the Initial Fixing Level based on an observed intraday price at any time on the Initial Fixing Date, the barrier observation will start only after the product has been fixed on that day.


More Definitions of Initial Fixing Level

Initial Fixing Level means an amount determined by the Calculation Agent, as specified in the Issue Terms.
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Initial Fixing Level means the official closing level of the Reference Index on the Initial Fixing Date.
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Initial Fixing Level means the Last Traded Price of the Underlying / Reference Index as on the Initial Fixing Date.
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Initial Fixing Level means the last traded closing yield of the Reference Index on the Initial Fixing Date, as determined in accordance with the Digital Level;
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Initial Fixing Level means [●] with respect to the BRL Exchange Rate; [●] with respect to the RUB Exchange Rate; [●] with respect to the INR Exchange Rate; and [●] with respect to the CNY Exchange Rate which, in each case, represents the Currency Exchange Rate of such Component on the Initial Fixing Date.
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Related to Initial Fixing Level

  • 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.

  • 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.

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

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

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

  • 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.

  • 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 Index at 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), all as determined by the Calculation Agent.

  • 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).

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

  • 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%.

  • Building level or district level leader means an individual employed by the District whose job assignment is that of a building level or district level administrator or an equivalent role, including an administrator licensed by the State Board of Education, an unlicensed administrator, or an individual on an Administrator Licensure Completion Plan. Building level or district level leader does not include the superintendent, deputy superintendents, associate superintendents, and assistant superintendents.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Applicable Pricing Level means, (a) for the Initial Pricing Period, Pricing Level II, and (b) thereafter, the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: I Greater than or equal to Aa3 / AA- II Less than Aa3 / AA- but greater than or equal to A1/A+ III Less than A1/A+ but greater than or equal to A2/A IV Less than A2/A but greater than or equal to A3/A- V Less than A3/A- 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.

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

  • Relative TSR means the Company’s TSR compared to the Peer Companies TSR on a relative basis. The Company and the Peer Companies from highest to lowest according to their respective TSRs will determine Relative TSR. After this ranking, the percentile performance of the Company relative to the Peer Companies will be determined using the Percentrank formula in Microsoft Excel.

  • Mean Sea Level means the average height of the sea for all stages of the tide. It is used as a reference for establishing various elevations within the floodplain. For the purposes of this Ordinance, the term is synonymous with the National Geodetic Vertical Datum (NGVD) of 1929, the North American Vertical Datum (NAVD) of 1988, or other datum, to which Base Flood Elevations shown on a community's Flood Insurance Rate Map are referenced.

  • Maximum contaminant level goal or “MCLG” means the maximum level of a contaminant in drinking water at which no known or anticipated adverse effect on the health of persons would occur, and which allows an adequate margin of safety. MCLGs are nonenforceable health goals.

  • Rating Level means, with respect to any rating agency, each rating subcategory or “notch” of such rating agency , giving effect to pluses and minuses (or similar designations). By way of illustration, BBB+, BBB and BBB- are each separate Rating Levels of S&P.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;

  • Integration Level means the Social Security taxable wage base for the Plan Year, unless the Employer elects a lesser amount in (A) or (B) below.