Examples of Initial Observation Date in a sentence
Option: Initial Reference Price Observation In case of Initial Reference Price Observation, Initial Reference Price means the Reference Price determined on the Initial Observation Date ("Initial Reference Price Observation").
W(i) is the weight of each stock in the basket, means 1/20 Initial Price(i) is the official closing price of the stock i on the Initial Observation Date if the stock is not a Substitute Stock.
If the stock is a Substitute Stock, the Initial Price(i) will be calculated by the Calculation Agent on the date of the substitution of the Affected Stock by the Substitute Stock (the “Substitution Date”): The official closing price of the Substitute Stock will be adjusted by the performance of the Affected Stock between Initial Observation Date and Substitution Date.
Formula The Subfund’s payout is based on the Equity Basket Level between the Initial Observation Date and the Annual Observation Dates or the Final Observation Date.
On (a) the Initial Observation Date and (b) each Re-Balance Date, the composition of Basket B1 and Basket B2 will be selected by the Calculation Agent according to the procedure described below using the fundamental data (described in Table 1 below), in the case of each Re-Balance Date, as of the last Business Day of the preceding month and in the case of the Initial Observation Date, as of the last Business Day of December 2006.