Examples of Official Closing Level in a sentence
The Official Closing Level of the Index will be used in all cases.
Calculation Amount × ⎛ Final Price - Strike Price ⎞⎜ Initial Price ⎟⎝ ⎠(b) if the Final Price of the Share Index is equal to or lower than the Strike Price, Coupon B (which may be zero).Definitions:"Coupon B" means an amount equal to the product of (i) Calculation Amount and (ii) the Coupon B Percentage."Coupon B Percentage" has the meaning given in the relevant Final Terms."Final Price" means the Official Closing Level of the Share Index on the Final Price Date.
Official Closing Level: As described under “Additional Terms of the Notes –– Official Closing Level” on page S-86 of the accompanying Equity Index Underlying Supplement.
The Official Closing Level of the 4 Stocks on the relevant exchanges below will be used in all cases.
Scenario 3: If on Valuation Date(1), Performance(1) is lower than -20%, then: Final Redemption Amount = Specified Denomination x [80%] Performance means: (Index Final / Index Initial) - 100% The Official Closing Level of the Solactive Private Equity Select Index (SOLPRIVT Index) will be used in all cases.