Observation Level definition

Observation Level means [the Opening Level] [the lowest Closing Level observed on each Scheduled Observation Date] [the highest Closing Level observed on each Scheduled Observation Date] [the level of the Asset][the Rate of Interest] observed by the Calculation Agent on the relevant [Initial Valuation Date] [Scheduled Observation Date] at [insert time] [the level of the relevant Asset scheduled to be published by the Inflation Index Sponsor for the Reference Month of [•] where the relevant Asset Class is an Inflation Index] [the level of the relevant Asset scheduled to be published by the Property Index Sponsor for the reference month of [•] where the relevant Asset Class is a Property Index ].
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Observation Level means [the Opening Level] [the lowest Closing Level observed on each Scheduled Observation Date] [the highest Closing Level observed on each Scheduled Observation Date] [the level of the Asset][the Rate of Interest] observed by the Determination Agent on the relevant [Initial Valuation Date] [Scheduled Observation Date] at [insert time] [the level of the relevant Asset scheduled to be published by the Inflation Index Sponsor for the Reference Month of [⚫] where the relevant Asset Class is an Inflation Index]"Observation Period" means [⚫]."Opening Level" means the opening level of the relevant Asset."Paid Interest" means, in respect of an Instrument, the sum of all interest paid in respect of that Instrument from (and including) the Issue Date to (and including) the immediately preceding Specified Interest Payment Date, if any."Participation" means [⚫] per cent."Range Condition" shall be deemed satisfied in respect of any day if the Asset Level for such day observed by the Determination Agent is greater than [or equal to] [⚫] [per cent.] per annum and less than [or equal to] [⚫] [per cent.] [per annum.]"Range Days" means the actual number of [calendar days] [Business Days] [Scheduled Observation Dates] [Valuation Dates] [Calculation Dates] in the [Interest Period] [Observation Period] on which the Range Condition is satisfied."Rate of Interest" shall mean in connection with the relevant Coupon Payout [Insert one of:][[⚫] per cent.] [per annum];Screen Rate Determination;ISDA Determination;(n * [⚫] per cent.);[(n * [⚫] per cent.)] – Paid Interest;Max(Floor, Min(Cap, Participation * Asset Early [Performance] + [⚫] per cent.)) [+/- Barrier Return];⎛ RangeDays ⎞⎜[•] per cent × ⎟ ; or⎝ Observation Days⎠ [the applicable percentage rate specified in the table below: insert table.]"Scheduled Observation Date" means [insert date(s)] [each Scheduled Trading Day in the Observation Period]."Single Asset" means a single Asset."t" shall mean the corresponding number related to a defined term within the Conditions as specified herein.
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Observation Level means the Index Level on the relevant Scheduled Observation Date specified in the table below.
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Examples of Observation Level in a sentence

  • Automatic Call The notes will be called, in whole but not in part, if the Observation Level of the Market Measure on any Observation Date is greater than or equal to (or, in the case of bear notes, less than or equal to) the Call Level set forth in the applicable term sheet.

  • Even if the value of the Market Measure increases (or in the case of bear notes, decreases) after the applicable pricing date, if you are able to sell your notes before their maturity date, you may receive substantially less than the amount that would be payable upon an automatic redemption or at maturity based on that value because of the anticipation that the value of the Market Measure will continue to fluctuate until the Observation Level or Ending Value, as applicable, is determined.

  • If the Observation Level of the Market Measure on any of the Observation Dates is greater than or equal to (or, in the case of bear notes, less than or equal to) the Call Level, the notes will be automatically called by us on that Observation Date.

  • If specified in the applicable term sheet, your notes may be “bear notes,” which will be called if the Observation Level of the applicable Market Measure on any Observation Date is less than or equal to the applicable Call Level for that Observation Date.

  • We also may describe the Market Measure in an additional supplement to the prospectus, which we refer to as an “index supplement.” • The notes will be automatically called if the Observation Level (as defined below) of the applicable Market Measure on any Observation Date (as defined below) is greater than or equal to the applicable Call Level (as defined below) for that Observation Date, all as set forth in the applicable term sheet.

  • One of our affiliates will be the calculation agent for the notes and, as such, will determine each Observation Level, the Starting Value, the Threshold Value, the Ending Value, the Call Amount, and the Redemption Amount.

  • Your actual return will depend on the Observation Level on the applicable Observation Date, the Ending Value, if applicable, and the term of your investment.

  • The notes have not been previously called and the Observation Level on the relevant Observation Date is equal to or greater than the Call Level.

  • The notes have not been previously called and the Observation Level on the relevant Observation Date is less than or equal to the Call Level.

  • The Calculation Agent, in it sole discretion, may adjust the Price Multiplier, and hence the Observation Level and the Ending Value, as applicable, if an event described below occurs on or before the Final Observation Date and the Calculation Agent determines that such an event has a diluting or concentrative effect on the theoretical value of the shares of the Market Measure, or Successor Market Measure.


More Definitions of Observation Level

Observation Level means the Settlement Price in respect of the Index in respect of each of the Valuation Dates (other than the Final Valuation Date), in each case as determined by the Calculation Agent and subject to adjustment and/or correction in accordance with the Conditions.
Sample 1
Observation Level. The closing level of the Index on any Observation Date. Observation Dates: April 1, 2010; September 28, 2010; and March 29, 2011 (the final Observation Date). Call Level: 813.88 (100% of the Starting Value). Call Amounts (per Unit): $11.8150 if called on April 1, 2010; $12.7225 if called on September 28, 2010; and $13.6300 if called on March 29, 2011. Call Premium: $1.8150, which is 18.150% of the Original Offering Price per annum.
Sample 1
Observation Level means, in respect of a Share Index and subject as provided in paragraph 2 (Market Disruption Events) of Part 4 (Share Index Basket Linked Notes) of Section 2 (Disruption, Adjustments and Extraordinary Events) of Annex 1 (Provisions relating to Equity Linked Notes), the highest of the Official Closing Levels of such Share Index on each Scheduled Trading Day (each of which will be treated as a Valuation Date for the purposes of the Conditions) during the Observation Period.
Sample 1

Related to Observation Level

  • Action level means a rate of emissions of a hazardous air contaminant as specified in Appendix C or as may be determined under Section 5-261(3) of these regulations. Action Levels are used to determine the applicability of Section 5-261 to stationary sources and shall be derived in accordance with the method prescribed in Appendix E of these regulations.

  • Observation Period means, in respect of an Interest Period, the period from, and including, the date falling "p" London Banking Days prior to the first day of such Interest Period (and the first Interest Period shall begin on and include the Interest Commencement Date) and ending on, but excluding, the date which is p London Banking Days prior to the Interest Payment Date for such Interest Period (or the date falling p London Banking Days prior to such earlier date, if any, on which the Notes become due and payable);

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.

  • Маrgin Level for CFD trading shall mean the percentage of Equity to Necessary Margin ratio. It is calculated as: Margin Level = (Equity / Necessary Margin) x 100%.

  • Floor Level means that stage of construction which in the completed building would constitute the walking surface of the particular floor level referred to in the table of payments.

  • Final Level means, in respect of the Index, the Closing Level on the Final Valuation Date, provided that, if the Final Valuation Date is not an Exchange Business Day, then the Final Level will be determined on the immediately preceding

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Maximum contaminant level goal or “MCLG” means the maximum level of a contaminant in drinking water at which no known or anticipated adverse effect on the health of persons would occur, and which allows an adequate margin of safety. MCLGs are nonenforceable health goals.

  • Strike Level means the Strike Level as specified in § 1 of the Product and Underlying Data.

  • Observation Date means each of the following Observation Dates:

  • Severity Level means the actual impact of a Defect on a user’s operational environment as further described in the table below.

  • Poverty level means the annual family income for a family unit of a particular size, as specified in the poverty guidelines updated annually in the Federal Register by the U.S. Department of Health and Human Services.

  • Maximum contaminant level means the maximum permissible level of a contaminant in water which is delivered to any user of a public water system.

  • Base Level means the following amounts plus the percentage

  • Elevated blood lead level means a level of lead in blood that is any of the following:

  • SOFR Observation Period means, in respect of an Interest Accrual Period, the period from (and including) the date falling the number of SOFR Observation Shift Days prior to the first day of such Interest Accrual Period to (but excluding) the date falling the number of SOFR Observation Shift Days prior to the Interest Period Date for such Interest Accrual Period;

  • Observation means a method of collecting data on the performance of a teacher's assigned duties and responsibilities. An observation for the purpose of evaluation will be included in the determination of the annual summative evaluation rating and shall be conducted by an individual employed in the school district in a supervisory role and capacity and possessing a school administrator, Principal, or supervisor endorsement as defined in N.J.A.C. 6A:9-2.1.

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

  • Barrier Observation Date means each of the Barrier Observation Dates as specified in § 1 of the Product and Underlying Data. If a Barrier Observation Date is not a Calculation Date for one or more Basket Components, the immediately following day, which is a Calculation Date shall be the respective Barrier Observation Date for all Basket Components.

  • Barrier Level means the Barrier Level as specified in § 1 of the Product and Underlying Data.