Reference Item Amount definition

Reference Item Amount means an amount determined by reference to the following formula: CA x Max [Performance Floor, (PR x Capped Performance)] x OFX
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Reference Item Amount means an amount determined by reference to the following formula:
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Reference Item Amount means: (i) if a Barrier Event has occurred, an amount determined by reference to the following formula: CA x Max [Performance Floor, (PR x Put Performance)] x OFX (ii) otherwise, if no Barrier Event has occurred, zero Where: “Barrier Event” means Put Performance is equal to or less than the Barrier “FX Option Conversion”: [Applicable and “OFX” shall be the exchange rate [determined by reference to the relevant cross-rate] on the specified final FX [averaging/valuation] date[s] DIVIDED BY [[], being] [the [average] [initial price/rate] of such exchange rate [determined by reference to the relevant cross-rate] [on the initial [averaging/valuation] date[s]], expressed as a percentage] / [Not Applicable, OFX = 1] “FX Principal Conversion”: [Applicable and “PFX” shall be the exchange rate [determined by reference to the relevant cross-rate] on the specified final FX [averaging/valuation] date[s] DIVIDED BY [[], being] [the [average] [initial price/rate] of such exchange rate [determined by reference to the relevant cross-rate] [on the initial [averaging/valuation] date[s]], expressed as a percentage]] / [Not Applicable, PFX = 1] “Performance” means, in respect of [the/a] Reference Item and the specified final [averaging/valuation] date[s], the [average] [level/price/rate/value] of such Reference Item on such specified final [averaging/valuation] date[s] DIVIDED BY [[], being] the [average] [initial price/level/price/rate/value] of such Reference Item [on the initial [averaging/valuation] date[s]], expressed as a percentage “Put Performance” means Strike MINUS [the Performance of the Reference Item/the sum of the weighted Performances for each of the Reference Items/the [] highest Performance of any Reference Item] “Relevant Principal Amount” (“RPA”) means the CA multiplied by []% multiplied by PFX “Barrier” = []% “Performance Floor” = [[]%/Zero] “PR” = [[]%/100%] “Strike” = [[]%/100%]]
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Examples of Reference Item Amount in a sentence

  • In addition, where the relevant Issue Terms specify that FX Conversion is applicable, the Reference Item Amount will be adjusted to reflect changes in the specified exchange rate between the initial exchange rate and the final exchange rate on the specified FX valuation date(s).

  • In addition, where the relevant Issue Terms specify that FX Option Conversion is applicable, the Reference Item Amount will be adjusted to reflect changes in the specified exchange rate between the relevant initial exchange rate and the relevant final exchange rate on the specified FX valuation date(s).

  • Conversely, the value of the Worst of Put Performance (and therefore of the Reference Item Amount) will be negative if the Final Value of the Reference Item having the lowest performance is greater than its Initial Value and (subject to the Performance Floor), the Worst of Put Redemption Amount may be less than the Calculation Amount.

  • Consequently, the value of the Worst of Call Performance (and therefore of the Reference Item Amount) will be positive if the Final Value of the Reference Item having the lowest performance (i.e. the Reference Item which has increased in value the least or has decreased in value the most) is greater than its Initial Value and the Worst of Call Redemption Amount will be greater than the Calculation Amount.

  • Consequently, the value of the Worst of Put Performance (and therefore of the Reference Item Amount) will be positive if the Final Value of the Reference Item having the lowest performance (i.e. the Reference Item which has decreased in value the least or has increased in value the most) is lower than its Initial Value and the Worst of Put Redemption Amount will be greater than the Calculation Amount.

  • Conversely, the value of the Worst of Call Performance (and therefore of the Reference Item Amount) willbe negative if the Final Value of the Reference Item having the lowest performance is lower than its Initial Value and (subject to the Performance Floor), the Worst of Call Redemption Amount may be less than the Calculation Amount.

  • Where PR is less than 100%, the effect of changes in the level of the relevant Reference Item(s) will be reduced.In addition, where the relevant Issue Terms specify that FX Conversion is applicable, the Reference Item Amount will be adjusted to reflect changes in the specified exchange rate between the initial exchange rate and the final exchange rate on the specified FX valuation date(s).

  • In addition, if the relevant Issue Terms specify that FX Conversion is applicable, the Reference Item Amount will be adjusted to reflect changes in the specified exchange rate between the initial exchange rate and the final exchange rate on the specified FX valuation date(s).

  • If Call Performance is multiplied by a participation rate (“PR”) greater than 100%, the effect on the Reference Item Amount of changes in the level of the Reference Item will be magnified.

  • If a Barrier Event does not occur, the Reference Item Amount will be zero and an investor will only receive the Calculation Amount at maturity.


More Definitions of Reference Item Amount

Reference Item Amount means: (i) if a Barrier Event has occurred, an amount determined by reference to the following formula: CA x Fixed Performance x OFX (ii) otherwise, if no Barrier Event has occurred, zero Where: “Barrier Event” means the highest [level/price/rate/value] of the Reference Item (observed continuously) during the specified observation period has at any time been equal to or greater than the Barrier Level “FX Option Conversion”: [Applicable and “OFX” shall be the exchange rate [determined by reference to the relevant cross-rate] on the specified final FX [averaging/valuation] date[s] DIVIDED BY [[], being] [the [average] [initial price/rate] of such exchange rate [determined by reference to the relevant cross-rate] [on the initial [averaging/valuation] date[s]], expressed as a percentage] / [Not Applicable, OFX = 1] “FX Principal Conversion”: [Applicable and “PFX” shall be the exchange rate [determined by reference to the relevant cross-rate] on the specified final FX [averaging/valuation] date[s] DIVIDED BY [[], being] [the [average] [initial price/rate] of such exchange rate [determined by reference to the relevant cross-rate] [on the initial [averaging/valuation] date[s]], expressed as a percentage]] / [Not Applicable, PFX = 1] “Relevant Principal Amount” (“RPA”) means the CA multiplied by []% multiplied by PFX “Barrier Level” = [] “Fixed Performance” = []%]
Sample 1
Reference Item Amount means: (i) if a Barrier Event has occurred, an amount determined by reference to the following formula: CA x Highest Fixed Performance x OFX
Sample 1
Reference Item Amount means: (i) if a Barrier Event has occurred, an amount determined by reference to the following formula: CA x Highest Fixed Performance x OFX (ii) otherwise, if no Barrier Event has occurred, zero Where:
Sample 1

Related to Reference Item Amount

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen Page") (or on a screen page replacing such screen page) on the immediately preceding Reset Date, provided that if such day is a Monday, the relevant day will be the immediately preceding Friday; all as determined by the Determination Agent.