Examples of Minimum Coupon in a sentence
European style) Coupon (in respect of a Coupon Determination Date) = Guaranteed Principal x Potential Coupon Rate, provided that the Potential Coupon Rate will be deemed to be the Minimum Coupon Rate (which may be zero) if the relevant Coupon Fixing Rate is at or above the Upper Barrier or at or below the Lower Barrier; For the avoidance of doubt, whether the above stated situations exist in respect of any CPI Deposit shall be determined in good faith by the Bank.
The Coupon shall equal a maximum of the Maximum Coupon and/or a minimum of the Minimum Coupon, if specified in the Final Terms.
If any Maximum or Minimum Coupon Rate or Redemption Amount is specified hereon, then any Coupon Rate or Redemption Amount shall be subject to such maximum or minimum, as the case may be.
If the Share Return Percentage of one or more of the Shares in the Equity Portfolio is zero or negative, this will offset the positive performance of other Shares in the Equity Portfolio, potentially reducing the Variable Interest payable to the Minimum Coupon rate of 0.50%.
If the Share Return Percentage of one or more of the Shares in the Equity Portfolio is zero or negative, this will offset the positive performance of other Shares in the Equity Portfolio, potentially reducing the Variable Interest payable to the Minimum Coupon rate of 0.25%.
If the price performance of one or more of the Shares in the Equity Portfolio is zero or negative, this will offset the positive price performance of other Shares in the Equity Portfolio, potentially reducing the Variable Interest payable to a Minimum Coupon rate of 0.25%.
If the Coupon Rate is subject to a floor, the Coupon Rate is also subject to the Minimum Coupon Rate if the Coupon Rate is subject to a cap, the Coupon Rate is also subject to the Maximum Coupon Rate.
If the Share Return Percentage of one or more of the Shares in the Equity Portfolio is zero or negative, this will offset the positive performance of other Shares in the Equity Portfolio, potentially reducing the Variable Interest payable to the Minimum Coupon rate of 0.40%.
If the Share Return Percentage of one or more of the Shares in the Equity Portfolio is zero or negative, this will offset the positive performance of other Shares in the Equity Portfolio, potentially reducing the Variable Interest payable to the Minimum Coupon rate of 0.80%.
The "Minimum Coupon Test" will be satisfied on any date of determination if (i) the Weighted Average Fixed Coupon equals or exceeds the Minimum Weighted Average Fixed Coupon and (ii) the Weighted Average Floating Spread equals or exceeds the Minimum Weighted Average Floating Spread.