Reference Portfolio Level definition
Reference Portfolio Level means on any day, the level of the Reference Portfolio, which shall correspond to the Reference Portfolio Level on the Issuance Date (being 1,000), adjusted upward or downward by a proportion equal to the Total Reference Share Return, as per the following formula:
Reference Portfolio Level means, subject to the provisions of paragraph 2 (Consequences of Disrupted Days) of this paragraph 46 (Additional Provisions), (i) in respect of any Reference Portfolio Calculation Date except the Redemption Determination Date, a level for the Reference Portfolio calculated by the Calculation Agent based on the closing price or value of each Constituent on the relevant Exchange or Related Exchange on that Reference Portfolio Calculation Date, and (ii) in respect of the Redemption Determination Date, a level for the Reference Portfolio calculated by the Calculation Agent as the sum of (x) the sale proceeds, as converted into the Specified Currency where applicable, using the prevailing exchange rate, as determined by the Calculation Agent in
Reference Portfolio Level means on any day, the sum of the Constituent Values on that day.
More Definitions of Reference Portfolio Level
Reference Portfolio Level means, subject to the provisions of paragraph 2 (Consequences of Disrupted Days) of this paragraph 46 (Additional Provisions), (i) in respect of any Reference Portfolio Calculation Date except
Reference Portfolio Level means on any day, a number (rounded to three decimal places) equal to the product of
Reference Portfolio Level means on any day, the level of the Reference Portfolio, which shall be equal to the Reference Portfolio Level on the Issuance Date (being 1,000), adjusted upward or downward by the product of one plus the sum of the Weighted Reference Asset Returns of all Reference Assets comprising the Reference Portfolio.