Initial Index Level definition

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

Initial Index Level means the closing level of the FTSE 100 on the Start Date. ‘Investec’ means Investec Bank plc.

Initial Index Level means in respect of an Index and subject to Adjustment Provisions the Index Level of such Index on the Initial Valuation Date for such Index.

Examples of Initial Index Level in a sentence

• If the Final Index Level is lower than the Initial Index Level and the FTSE 100 has not fallen by more than 50% from the starting level during the Observation Period, you will receive back a maturity payment of an amount equal to 100% of your initial investment.

• Index Fee".The "Initial Index Level" shall be 10 index points.The "Official Index Closing Level" shall be determined by the Index Calculation Agent for each Index Calculation Day in accordance with the index calculation formula (see "3.

• Index (Indexi), the Initial Index Level (as defined in paragraph 38(v) below) of any such Index.

• If the Monthly Average Index Level is equal to or less than the Initial Index Level, then there shall be no Index Return Payment.

• The Index Return Payment shall equal: (i) the principal amount hereof; multiplied by (ii) the Upside Participation Rate; multiplied by (iii) a fraction, the numerator of which shall equal the amount, if any, by which the Monthly Average Index Level exceeds the Initial Index Level and the denominator of which is the Initial Index Level.

More Definitions of Initial Index Level

Initial Index Level means in respect of an Indexand subject to Adjustment Provisions the Index Level of such Indexon the Initial Valuation Date for such Index.

Initial Index Level means in respect of an Index the initial level of such Index on the initial valuation date. In addition, as the Notes are Autocallable Redemption Notes , they may be redeemed if on an Auto-Call Valuation Date, the IndexPerformance is equal to or greater than the Auto-Call Trigger Level specified below. In such circumstances the Noteholder would be entitled to an Early Redemption Amount, being a cash amount equal to the principal amount of the Note multiplied by the Auto-Call Trigger Rate, specified below.For these purposes:

Initial Index Level. : means the Closing Level of the FTSE 100 Index or the S&P 500 Index, as the case may be, on the Investment Start Date.

Initial Index Level means in respect of an Index and subject to Adjustment Provisions the level specified as such in the definition of Indices above, being the Index Level for such Index as of the Strike Date for such Index.

Initial Index Level means in respect of an Index the initial level of such Index on the initial valuation date.

Initial Index Level means the Closing Level of the FTSE™ 100 Index on the Investment Start Date.

Initial Index Level means 100 index points on the Index Commencement Date, one index point corresponding to SEK 1.00.