Examples of Principal Protection Amount in a sentence
The Final Redemption Amount of each ETP Security shall be an amount calculated by the Determination Agent to be equal to the greater of (a) the Principal Protection Amount of such ETP Security; and (b) the Pro- rata Liquidation, as calculated in accordance with Condition 8.
Any ETP Security that is subject to Optional Redemption in accordance with Condition 8.2 will become due and payable on the relevant Optional Redemption Settlement Date at its Optional Redemption Amount, being an amount per ETP Security as calculated by the Determination Agent equal to the greater of: (A) the Principal Protection Amount of an ETP Security; and (B) the Pro-rata Liquidation.
Outstanding Principal Amount means, at any time and in respect of a Series, the aggregate of the Principal Protection Amount for all of the then outstanding Notes of the Series.
As a result, following the occurrence of any of the other early redemption events above, prospective investors should be prepared to receive an amount per Note on any Early Redemption Date that is no greater than the Note PV and may be less than the Principal Protection Amount.
As a result, prospective investors should be prepared to hold the Notes until the Maturity Date for the Series and to receive an amount per Repurchased Note on any Repurchase Settlement Date that may be less than the Principal Protection Amount, less than the Note PV, less than any market value of the Repurchased Note, and in certain circumstances may be zero.
Accordingly, the amount payable upon redemption of the Notes on the Maturity Date will reflect, among other matters, the Reference Portfolio Value as of the Maturity Determination Date, as represented by the above formula, subject to the following: (a) The Scheduled Redemption Amount payable in respect of each Note on the Maturity Date shall not be lower than the Principal Protection Amount.
As a result, prospective investors should be prepared to receive an amount per Note on the Maturity Date that is no greater than the Principal Protection Amount.
If the required approval is not obtained, or a successor portfolio manager is otherwise not appointed in respect of any Credit Strategy-Linked Securities, the exposure of the Notes of the Series to the relevant Credit Strategy will be reduced to zero for the remainder of the term of the Notes and the Noteholders of the Series will receive on the Maturity Date an amount per Note that is equal to the Principal Protection Amount plus any Lock-Out Excess Amount calculated in respect of the Series.
The Issuer is expected to be able to fund the payment of at least the Principal Protection Amount on the Maturity Date, in particular, by operation of the Limited Recourse Rule.
As a result, prospective investors should be prepared for the Notes of a Series to cease to be exposed to the performance of the relevant Credit Strategy following the occurrence of a Credit Strategy Investment Lock-Out Trigger in respect of the Series, in the case of Conditional Floating Rate Notes, not to receive any further Conditional Coupon Amounts under the Notes and to receive an amount per Note on the Maturity Date that is no greater than the Principal Protection Amount.