Linear Basket Note definition

Linear Basket Note means a Note for which “Type of Credit Linked Notes” is specified as “Linear Basket” in the applicable Pricing Supplement.
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Examples of Linear Basket Note in a sentence

  • The likelihood of a Credit Event occurring in respect of any of the Reference Entities referenced by a Linear Basket Note will differ for each Reference Entity and prospective investors should conduct their own analysis of the credit risk of each of the multiple Reference Entities for the relevant Linear Basket Note.

  • The Linear Basket Notes are linked to the credit risk of more than one Reference Entity and the likelihood of a Credit Event occurring and the risk of loss of principal or loss of interest on a Linear Basket Note may therefore be greater than for a Single Name Credit Linked Note which is linked to the credit risk of only one Reference Entity.

Related to Linear Basket Note

  • Share Valuefinal means the Preference Share Value on the Valuation Date; and "Share Valueinitial" means the Preference Share Value on the Initial Valuation Date.

  • Adjusted Purchase Price has the meaning set forth in Section 2.2.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Basket has the meaning set forth in Section 8.04(a).

  • Common Share means one share of the common stock of the Company.