Examples of Interest Barrier in a sentence
In certain circumstances, if the value of the underlying Reference Item reaches certain levels, the relevant Notes may (in the case of the occurrence of an Interest Barrier Event or of an Automatic Early Redemption Event) cease to bear interest and, if applicable, may be redeemed early.
Each Interest Payment Date, corresponding Interest Valuation Date, N and Interest Barrier are as set out in the table above.
A – Interest Each Security will only pay interest on an Interest Payment Date if the closing level of the Underlying Asset on the corresponding Interest Valuation Date is greater than or equal to its corresponding Interest Barrier.
A – InterestEach Security will only pay interest in respect of an Interest Valuation Date if the closing level of the Underlying Asset on such Interest Valuation Date is greater than or equal to its corresponding Interest Barrier.
In respect of an Interest Valuation Date, the "Interest Barrier" means the Interest Barrier Percentage multiplied by the Initial Price of the Underlying Asset.