Initial Level definition

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

Initial Level means, in respect of any Underlying, the Settlement Price in respect of such Underlying in respect of the Initial Valuation Date, being as of the date of this Pricing Supplement as specified for such Underlying in the table set out in Schedule 2;

Initial Level means, in respect of the Index, the Closing Level on the Closing Date, provided that if such day is not an

Examples of Initial Level in a sentence

• Reference Portfolio Initial Level: means the lowest Reference Portfolio Level observed on each of the Low Point Valuation Dates.

• The Ceding Company shall also have the right, upon prior written notice to the Reinsurer, to recapture, in its sole discretion, all or a pro rata portion of End of Term Renewals arising from Policies with an Original Initial Level Premium Period ending on or after January 1, 2017 (the “Renewal Recapture Right”).

• At maturity (or on each instalment date, as applicable) the return on the Notes will be determined by the change in the level of the RPI or such other single inflation index as may be specified in the applicable Pricing Supplement, or between (i) a specified month prior to the issue date of the Notes (the ("Initial Level"), and (ii) a specified month prior to the maturity date (or relevant instalment date, as applicable) of the Notes (the "Final Level").

• If at maturity (or on a particular instalment date, as applicable) the Final Level is less than the Initial Level, the return on the Notes will be reduced in proportion with the decline of the RPI or such other single inflation index as may be specified in the applicable Pricing Supplement, (known as the "downside").

• Reference Portfolio Return: means the difference between the Reference Portfolio Final Level and the Reference Portfolio Initial Level, divided by 1,000.

More Definitions of Initial Level

Initial Level means the level of the Reference Asset at the Valuation Time on the Initial Valuation Date.

Initial Level means the Closing Level on the Issue Date.

Initial Level means 215.8058, being the Index Level of the Index on the Initial Fixing Date. "MF" or "Management Fee" means 0.38 per cent. per annum;

Initial Level means, for a Series of MINIs and each Reference Asset, the initial price or level of each Reference Asset as determined by the Issuer and as set out in PDS Part A.

Initial Level means, in respect of the Index, the Closing Level on the Closing Date, provided that if such day is not anExchange Business Day, then the Initial Level will be determined on the immediately preceding Exchange Business Day, subject to the provisions set out under “Special Circumstances”;

Initial Level means in respect of a Reference Item, the Reference Level on the Initial Valuation Date.

Initial Level means the level of the Index specified as such or otherwise determined in the applicable Pricing Supplement or, if no such level is specified or otherwise determined in the applicable Pricing Supplement, the level of the Index as determined by the Calculation Agent as of the Valuation Time on the Strike Date, subject to “Particular Provisions” set forth in Condition (f) (Particular Provisions) below.