Supplemental Redemption Amount definition

Supplemental Redemption Amount with respect to this MITTS Security equals: (Adjusted Ending Value - Starting Value) Principal Amount x (--------------------------------------) ( Starting Value ) provided, however, that in no event will the Supplemental Redemption Amount be less than zero. The Starting Value equals . The Adjusted Ending Value will be determined by Xxxxxxx Xxxxx, Xxxxxx, Xxxxxx & Xxxxx Incorporated (the "Calculation Agent") and will equal the average (arithmetic mean) of the closing values of the Xxxxxxx 2000 Index as reduced by the application of the Adjustment Factor on each Calculation Day (as defined below), determined on each of the first five Calculation Days during the Calculation Period (as defined below). If there are fewer than five Calculation Days in the Calculation Period, then the Adjusted Ending Value will equal the average (arithmetic mean) of the closing values of the Xxxxxxx 2000 Index on those Calculation Days, as reduced by the application of the Adjustment Factor on each Calculation Day. If there is only one Calculation Day during the Calculation Period, then the Adjusted Ending Value will equal the closing value of the Xxxxxxx 2000 Index on that Calculation Day as reduced by the application of the Adjustment Factor on that Calculation Day. If no Calculation Days occur during the Calculation Period, then the Adjusted Ending Value shall equal the closing value of the Xxxxxxx 2000 Index determined on the last scheduled Index Business Day (as defined below) in the Calculation Period, as reduced by the application of the Adjustment Factor on that day, regardless of the occurrence of a Market Disruption Event (as defined below) on that Index Business Day. The "Adjustment Factor" equals % per year and will be applied over the entire term of the MITTS Securities. For each calendar day during the term of the MITTS Securities, the Adjustment Factor will be applied on a pro-rated basis based on a 365-day year to reduce the values of the Xxxxxxx 2000 Index used to calculate the Supplemental Redemption Amount on each Calculation Day during the Calculation Period.
Sample 1
Supplemental Redemption Amount with respect to this MITTS Security will equal the sum of the Index Redemption Amounts (as defined below), provided, however, that in no event will the Supplemental Redemption Amount be less than zero. The "Index Redemption Amount", for each of the Underlying Indices (as defined below ) equals: ( Adjusted Ending Value - Starting Value) 1 Principal x (---------------------------------------) x --- ( Starting Value ) 3 The Starting Value of the S&P 500 Index equals , the Starting Value of the Nikkei 225 Index equals , and the Starting Value of the Dow Xxxxx Euro STOXX 50 equals . The Adjusted Ending Value for each Underlying Index will be determined by Xxxxxxx Xxxxx, Xxxxxx, Xxxxxx & Xxxxx Incorporated (the "Calculation Agent") and will equal the average or arithmetic mean of the closing values of the applicable Underlying Index, as reduced by the application of the Adjustment Factor on each Calculation Day (as defined below), determined on each of the first five Calculation Days during the Calculation Period (as defined below). If there are fewer than five Calculation Days in the Calculation Period, the Adjusted Ending Value will equal the average or arithmetic mean of the closing values of the applicable Underlying Index on those Calculation Days, as reduced by the application of the Adjustment Factor on each Calculation Day. If there is only one Calculation Day, then the Adjusted Ending Value will equal the closing value of the applicable Underlying Index on that Calculation Day, as reduced by the application of the Adjustment Factor on that Calculation Day. If no Calculation Days occur during the Calculation Period, then the Adjusted Ending Value shall equal the closing value of the applicable Underlying Index determined on the last scheduled Index Business Day (as defined below) in the Calculation Period, as reduced by the application of the Adjustment Factor on that Index Business Day, regardless of the occurrence of a Market Disruption Event (as defined below) on that Index Business Day. The "Underlying Indices" are the S&P 500 Index, the Nikkei 225 Index and the Dow Xxxxx Euro STOXX 50 Index. The "Adjustment Factor" equals % per annum and will be prorated based on a 365-day year and applied each calendar day during the term of the MITTS Securities to reduce the values used to calculate the Index Redemption Amounts on each Calculation Day during the Calculation Period.
Sample 1
Supplemental Redemption Amount with respect to this Security equals: Ending Index Value - Benchmark Index Value Principal Amount X ------------------------------------------ Benchmark Index Value
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Examples of Supplemental Redemption Amount in a sentence

  • Transfer of principal and the Supplemental Redemption Amount to participants of DTC will be the responsibility of DTC, and transfer of principal and the Supplemental Redemption Amount payable to beneficial owners of the Notes by participants of DTC will be the responsibility of such participants and other nominees of such beneficial owners.

  • The Corporation will recognize Cede & Co., as nominee of DTC, while the registered holder of the Notes, as the owner of the Notes for all purposes, including payment of principal and the Supplemental Redemption Amount, notices and voting.

  • No reference herein to the Indenture and no provision of this MITTS Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the Principal Amount plus the Supplemental Redemption Amount, if any, with respect to this MITTS Security and any interest on any overdue amount thereof at the time, place, and rate, and in the coin or currency herein prescribed.

  • Upon the occurrence of an Event of Default (as defined in the Indenture), the holder of this Note only will be entitled to receive the principal amount of the Note, and will not be entitled to payment of the Supplemental Redemption Amount.

  • The Corporation will recognize Cede & Co., as nominee of DTC, while the registered holder of the Notes, as the owner of the Notes for all purposes, including payment of principal, interest, and the Supplemental Redemption Amount, notices, and voting.


More Definitions of Supplemental Redemption Amount

Supplemental Redemption Amount with respect to this MITTS Security equals: (Ending Value-Starting Value) Principal Amount x (---------------------------) x Participation Rate ( Starting Value ) provided, however, that in no event will the Supplemental Redemption Amount be less than zero. The Starting Value equals . The Ending Value will be determined by Xxxxxxx Xxxxx, Xxxxxx, Xxxxxx & Xxxxx Incorporated (the "Calculation Agent") and will equal the average or arithmetic mean of the closing values of the Nikkei Stock Average (the "Index") determined on each of the first five Calculation Days (as defined below) during the Calculation Period (as defined below). If there are fewer than five Calculation Days in the Calculation Period, the Ending Value will equal the average or arithmetic mean of the closing values of the Index on those Calculation Days. If there is only one Calculation Day, then the Ending Value will equal the closing value of the Index on that Calculation Day. If no Calculation Days occur during the Calculation Period, then the Ending Value shall equal the closing value of the Index determined on the last scheduled Index Business Day (as defined below) in the Calculation Period, regardless of the occurrence of a Market Disruption Event (as defined below) on that day. The "Participation Rate" equals %.
Sample 1
Supplemental Redemption Amount with respect to this Security equals: Principal Amount X ENDING INDEX VALUE - STARTING INDEX VALUE X Participation Rate ----------------------------------------- Starting Index Value
Sample 1
Supplemental Redemption Amount with respect to this MITTS Security equals: (Adjusted Ending Value - Starting Value) Principal Amount x (--------------------------------------) ( Starting Value )
Sample 1
Supplemental Redemption Amount with respect to this Security equals: Principal Amount X Ending Index Value - Starting Index Value X ____________ % ----------------------------------------- Starting Index Value
Sample 1
Supplemental Redemption Amount with respect to each Unit of this SUMmation Security equals: The “Summation Amount” equals the sum of the monthly percentage increases and decreases in the value of the Nasdaq-100 Index (each a “Monthly Return”) over the term of this SUMmation Security, subject to a maximum percentage increase during any month of 2.5% (two and one-half percent, which is referred to as the “Monthly Return Cap”).
Sample 1
Supplemental Redemption Amount with respect to each Unit of this PROCEEDS shall be determined by the Calculation Agent and shall equal: (Ending Value - Threshold Value) $10 X (------------------------------) ( Threshold Value ) provided, however, that in no event shall the Supplemental Redemption Amount be less than zero.
Sample 1
Supplemental Redemption Amount per Unit shall be determined by the Calculation Agent and shall equal: Original Public Offering Price × ( Starting Value – Ending Value ) × Participation Rate; provided, however, that the Supplemental Redemption Amount shall not exceed the Capped Value and in no event shall the Supplemental Redemption Amount be less than zero.
Sample 1