Underlying Index means each of the S&P 500 Index, the Russell 2000 Index, the MSCI EAFE Index and the MSCI Emerging Markets Index. The “Pricing Date” shall mean August 31, 2010. The “Starting Price” is 100. The “Ending Price” will be calculated based on the weighted returns of the Basket Components and will be equal to the product of (i) 100 and (ii) an amount equal to 1 plus the sum of: (A) 45% of the Component Return of the SPDR S&P 500 ETF Trust; (B) 20% of the Component Return of the iShares Russell 2000 Index Fund; (C) 20% of the Component Return of the iShares MSCI EAFE Index Fund; and (D) 15% of the Component Return of the iShares MSCI Emerging Markets Index Fund. The “Component Return” of a Basket Component will be equal to: Final Component Price – Initial Component Price Initial Component Price where, • the “Initial Component Price” is the Fund Closing Price of such Basket Component on the Pricing Date; and • the “Final Component Price” will be the Fund Closing Price of such Basket Component on the Calculation Day. The Initial Component Prices of the Basket Components are as follows: SPDR S&P 500 ETF Trust (105.47); iShares Russell 2000 Index Fund (60.27); iShares MSCI EAFE Index Fund (49.95); and iShares MSCI Emerging Markets Index Fund (40.07). The “Fund Closing Price,” with respect to a Basket Component on any Trading Day, means the product of (i) the Closing Price of one share of such Basket Component (or one unit of any other security for which a Fund Closing Price must be determined) on such Trading Day and (ii) the Adjustment Factor applicable to such Basket Component on such Trading Day. The “Closing Price” with respect to a share of a Basket Component (or one unit of any other security for which a Closing Price must be determined) on any Trading Day means the price, at the scheduled weekday closing time, without regard to after hours or any other trading outside the regular trading session hours, of the share on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the share (or any such other security) is listed or admitted to trading. The “Adjustment Factor” means, with respect to a share of a Basket Component (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of such Basket Component. See “Anti-dilution Adjustments Relating To A Basket Component; Alternate Calculation—Ant...
Underlying Index means the MSCI Emerging Markets Index.
Underlying Index means the Energy Select Sector Index.
Examples of Underlying Index in a sentence
This effect becomes more pronounced as the volatility of the Underlying Index increases.
The Scheme’s returns may therefore deviate from those of its Underlying Index.
The Scheme may be affected by a general decline in the Indian markets relating to its Underlying Index.
The Forward Agreements provide both positive exposure to the Underlying Index and negative exposure to the Underlying Index.
The ETF’s returns over periods longer than one day will likely differ in amount and possibly direction from the inverse performance of the Underlying Index for the same period.
More Definitions of Underlying Index
Underlying Index means the S&P 500 Index.
Underlying Index means the MSCI EAFE Index.
Underlying Index means the index against which the relevant Sub-Fund is benchmarked.
Underlying Index means, in relation to a Derivatives Market Contract, the index which underlies that contract.
Underlying Index means each of the S&P 500 Index, the MSCI EAFE Index and the MSCI Emerging Markets Index.
Underlying Index means the Energy Select Sector Index, as calculated, published and disseminated by S&P. All terms used but not defined in this Security are used herein as defined in the Calculation Agency Agreement or the Indenture. Calculation Agent The Calculation Agent will determine, among other things, the Initial Share Price, the Index Fund Closing Price on each Trading Day during the Observation Period and whether such Index Fund Closing Price is above the Trigger Price or at or below the Initial Share Price, the Final Share Price, the Index Fund Return, the Share Adjustment Factor and the Payment at Maturity or payment on a Call Settlement Date, if any. The Calculation Agent will also be responsible for determining, among other things, whether a Market Disruption Event has occurred, which exchange traded fund will be substituted for the Index Fund (or Successor Index Fund, if applicable) if the Index Fund (or Successor Index Fund, if applicable) is de-listed, liquidated or otherwise terminated, whether the Underlying Index (or the underlying index related to a Successor Index Fund) has been changed in a material respect, and whether the Index Fund (or Successor Index Fund, if applicable) has been modified so that the Index Fund (or Successor Index Fund, if applicable) does not, in the opinion of the Calculation Agent, fairly represent the price of the Index Fund (or Successor Index Fund, if applicable) had those modifications not been made. All calculations, determinations or adjustments made by the Calculation Agent will be at the sole discretion of the Calculation Agent and will, in the absence of manifest error, be conclusive for all purposes and binding on Holders and on the Company. The Company may appoint a different Calculation Agent from time to time after the date of the original issue of the Securities without the Holders’ consent and without notifying Holders. Anti-Dilution Adjustments Share Splits and Reverse Share Splits If the shares of the Index Fund are subject to a share split or reverse share split, then once such split has become effective, the Share Adjustment Factor will be adjusted so that the new Share Adjustment Factor shall equal the product of: • the prior Share Adjustment Factor, and • the number of shares which a holder of one share of the Index Fund before the effective date of the share split or reverse share split would have owned or been entitled to receive immediate following the applicable effective date. Share Dividends or Distri...
Underlying Index means the index or benchmark, against which a Sub-Fund tracks, replicates or corresponds.