Maximum Index Level means, in respect of a series of bear CBBCs, the highest Spot Level of the Index during the MCE Valuation Period;
Maximum Index Level means the highest Spot Level of the Index during the MCE Valuation Period; and
Maximum Index Level means the highest Spot Level during the MCE Valuation Period;
Examples of Maximum Index Level in a sentence
For the avoidance of doubt, all Spot Levels available throughout the extended MCE Valuation Period shall be taken into account to determine the Maximum Index Level or the Minimum Index Level (as the case may be) for the calculation of the Residual Value.
The principal or the superintendent may immediately dismiss the student from school for the day when such is necessary to restore order, to protect the safety of the student or others, and/or to resume normal school functions when an immediate suspension is not or may not be appropriate.
The Residual Value per Board Lot (if any) payable is calculated as follows: In the case of a series of Bull CBBCs: (Minimum Index Level – Strike Level) x one Board Lot x Index Currency Amount Divisor In the case of a series of Bear CBBCs: (Strike Level – Maximum Index Level) x one Board Lot x Index Currency Amount Divisor provided that if the above formula produces a negative amount, the Residual Value shall be deemed to be zero.
More Definitions of Maximum Index Level
Maximum Index Level means, in respect of a series of bear CBBCs, the highest Spot Level of the Index during the MCE Valuation Period;“MCE Valuation Period” means, subject to any extension (as described in further details in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange; and“Spot Level” means the spot level of the Index as compiled and published by the Index Compiler.If the Residual Value is equal to or less than the Exercise Expenses (if any), you will lose all of your investment.At expiryIf a Mandatory Call Event has not occurred during the Observation Period, the CBBCs will be terminated on the Expiry Date.A bull CBBC will be automatically exercised at expiry without the need for the holder to deliver an exercise notice if the Closing Level is above the Strike Level. The more the Closing Level is above the Strike Level, the higher the payoff at expiry. If the Closing Level is at or below the Strike Level, you will lose all of your investment in the bull CBBC.A bear CBBC will be automatically exercised at expiry without the need for the holder to deliver an exercise notice if the Closing Level is below the Strike Level. The more the Closing Level is below the Strike Level, the higher the payoff at expiry. If the Closing Level is at or above the Strike Level, you will lose all of your investment in the bear CBBC.Upon the automatic exercise of the CBBCs, the holder is entitled to a cash amount called the “Cash Settlement Amount” net of any Exercise Expenses (as defined under the heading “Exercise Expenses” in the sub-section titled “What are the fees and charges?” below) according to the terms and conditions in the Listing Documents. If the Cash Settlement Amount is equal to or less than the Exercise Expenses (if any), you will lose all of your investment in the CBBCs.
Maximum Index Level means the highest Spot Level of the Index during the MCE Valuation Period (being the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange subject to any potential extension). If the Residual Value is equal to or less than the exercise expenses (if any), you will lose all your investment in the CBBCs.How much will you receive (if any) at expiry? If no Mandatory Call Event occurs during the Observation Period, the CBBCs will be automatically exercised on the Expiry Date if the Cash Settlement Amount is greater than zero. You will receive a Cash Settlement Amount per Board Lot in Hong Kong dollars calculated as follows (if positive): For bull CBBCs: Cash Settlement Amount per Board Lot = (Closing Level – Strike Level) x Index Currency Amount x one Board Lot Divisor For bear CBBCs: Cash Settlement Amount per Board Lot = (Strike Level – Closing Level) x Index Currency Amount x one Board Lot Divisor
Maximum Index Level means 20,975.30; and “Strike Level” means 21,200.
Maximum Index Level means the greatest of all of the Observation Levels (or, if two or more Observation Levels are the greatest, an amount equal to such Observation Level), as determined by the Calculation Agent.
Maximum Index Level means the highest Observation Level in respect of any Observation Date, as determined by the Calculation Agent, Provided That if two or more Observation Dates have the same highest Observation Level then such Observation Level shall be the Maximum Index Level.
Maximum Index Level means the highest Spot Level during the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Stock Exchange.
Maximum Index Level means the highest Spot Level during the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Stock Exchange.If the Residual Value is less than or equal to zero, you will lose your entire investment in the CBBCs. How much will a holder of CBBCs receive on expiry? If no Mandatory Call Event has occurred during the Observation Period, a holder of CBBCs will receive a Cash Settlement Amount per Board Lot in Hong Kong dollars calculated as follows:For a series of bull CBBCs: (Closing Level - Strike Level) x one Board Lot x Index Currency Amount Divisor For a series of bear CBBCs: (Strike Level - Closing Level) x one Board Lot x Index Currency Amount Divisor