Initial Reference Asset Price definition
Initial Reference Asset Price for a Reference Asset means the Closing Price on the Exchange for that Reference Asset on the Initial Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.
Initial Reference Asset Price means, in respect of a Reference Asset, the Closing Reference Asset Price in respect of such Reference Asset in respect of the Initial Valuation Date in respect of such Reference Asset, 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, in respect of:
Initial Reference Asset Price means, unless otherwise specified in the definition of Spread in the relevant Series in the applicable Final Terms, in respect of each Reference Asset, the Reference Asset Price at the Valuation Time on the Pricing Date, subject to adjustment in accordance with Product Condition 4;