Underlying Index Level definition

Underlying Index Level means, in respect of an Underlying Index, the level of such Underlying Index calculated and published by the Underlying Index Calculation Agent.
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Underlying Index Level. , “UI(t)” means in respect of any Index Calculation Date (t), the closing level of the Underlying Index as of such Index Calculation Date (t);
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Underlying Index Level means, in respect of the Top Index or the Bottom Index, as applicable, the ‘Portfolio Level’ as defined in the Underlying Index Rules in respect of the relevant index.
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Examples of Underlying Index Level in a sentence

  • An Underlying Index Level may Fluctuate The index levels of the Underlying Index of a Sub-Fund may fluctuate from time to time.

  • The Strategy Notional Value will be reduced by a percentage equal to the percentage (if any) by which the Underlying Index Level on the fourth Observation Date is lower than the Underlying Index Level on the preceding Strategy Reset Date.

  • Such Successor Eligible Underlying Index will be used as a substitute for the original Eligible Underlying Index for all purposes, including for purposes of determining the Eligible Underlying Index Level and whether an Index Disruption Event exists with respect to such Eligible Underlying Index.

  • Details of how the Strategy will be determined if the Underlying Index Level is not published, is adjusted or is disrupted are set out under "Adjustments" below.

  • The rounding policy is defined as follows: − 1)]) - Index Level is calculated with 8 decimal places and published with 4 decimal places.- Underlying Index Level is used with the available number of digits published on Bloomberg (usually 7 significant digits).

  • Average Underlying LevelThe Average Underlying Level is calculated based on the arithmetic average of the closing prices of the Underlying Index Level on the Observation Dates.

  • When it ratified the Convention, Ecuador declared that it recognized the Committee’s competence to receive and consider communications submitted by individuals and States under the Convention.

  • Scenario 2: If the Average Underlying Level is above the Strike Price and below the Cap Level the investor will receive an amount according to the following formula:⎡ ⎛ Avg.Und.Level − Strike Price ⎞⎤Nominal * ⎢100% + Participation * ⎜ Initial Underlying Index Level ⎟⎥⎣ ⎝ ⎠⎦ Scenario 3: If the Average Underlying Level is at or above the Cap Level, the investor will receive the Maximum Redemption Amount.

  • If on an Observation Date the Underlying Index Level is at or above the applicable Auto-Call Trigger Level, an Auto-Call Trigger Event will occur and a Growth Amount determined by the Strategy Sponsor as described in paragraph(ii) below will become payable in respect of that Observation Date in respect of each unit of the Strategy.

Related to Underlying Index Level

  • 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 March 28, 2012. 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 ($140.43); iShares Russell 2000 Index Fund ($83.30); iShares MSCI EAFE Index Fund ($54.75); and iShares MSCI Emerging Markets Index Fund ($42.69). 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—Anti-dilution Adjustments.” The “Capped Value” is 151% of the Face Amount of this Security. The “Threshold Price” is equal to 80% of the Starting Price. The “Participation Rate” is 150%.

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Index year means the earliest calendar year in which the

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Index Price on a given date means the weighted average (weighted in accordance with the factors listed above) of the closing prices of the companies comprising the Index Group.

  • Index B means the index for the year prior to index A.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • LIBOR Market Index Rate means, for any day, the rate for one-month U.S. dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m., London time, for such day, provided, if such day is not a LIBOR Business Day, the immediately preceding LIBOR Business Day (or if not so reported, then as determined by the Swingline Lender from another recognized source or interbank quotation).

  • Index A means the index for the year prior to the

  • Final Index Price means the average of the closing price of the Index on each of ten (10) consecutive trading days immediately preceding the Determination Date.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;

  • CMT Index Not applicable.

  • Pricing Level III shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.00 to 1.00 but greater than or equal to 2.50 to 1.00.

  • Pricing Level I shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is greater than or equal to 3.50 to 1.00.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Pricing Level II shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.

  • SOFR Compounded Index means the Compounded Daily SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • Index Disruption means in respect of an Index on any Valuation Date, the Index Sponsor fails to calculate and announce such Index.