Examples of Spread Barrier in a sentence
In respect of the Interest Amount, from the first Interest Period to and including the final Interest Period, if the Reference Spread is less than the Spread Barrier, the Interest Amount will be zero for such Interest Period.
In respect of the Variable Interest Amount, if the Reference Spread is less than the Spread Barrier or the Reference Rate is greater than the Index Barrier on a calendar day during an Interest Period, the Securitywill accrue no interest for such day.
The worst case is that if the Reference Spread is less than the Spread Barrier on every calendar day, the Security will pay zero interest for the life of the Security.
The worst case is that if the Reference Spread is less than the Spread Barrier or the Reference Rate is greater than the Index Barrier on every calendar day, the Security will pay zero interest for the life of the Security.
In respect of the Variable Interest Amount, if the Reference Spread fixes below the Spread Barrier or the Reference Rate fixes above the Index Barrier on a calendar day during an Interest Period, the Security will have no coupon payment for such day.
If the Reference Spread is less than the Spread Barrier on a calendar day during an Interest Period, the Security will accrue no interest for such day.