Underlying Rate definition

Underlying Rate means on a date when the Underlying Rate is required to be determined:

Underlying Rate means the Underlying Fixed Percentage, the Underlying Benchmark Rate Level or the Underlying Spread Rate as specified in the relevant Final Terms;

Underlying Rate means, with respect to an Interest Accrual Period, the Benchmark Rate LevelA or the Spread Rate specified in the relevant Final Terms;

Examples of Underlying Rate in a sentence

• If the Underlying Rate does not fix at or fall within or outside of such range on one or more days during the term of the Notes, then the return on the Notes may be lower than expected, or may even be zero.

• If the Underlying Rate fixes at or falls within or outside such range on one or more days during the term of the Notes, then the return of the Notes may be lower than expected, or may even be zero.

• Conversely, it may be the case that the Range Notes are structured such that any principal, interest and/or premium ceases to become payable with reference to the days on which the Underlying Rate is at, within or outside the reference range, as set out in the relevant Final Terms.

• Noteholders should note that no principal, interest and/or premium accrues or becomes payable with reference to such days when the Underlying Rate does not fix at or does not fall within or outside of the reference range.

• Underlying Rate Structure for Medicare Components of the Capitation Rate 196 C.

More Definitions of Underlying Rate

Underlying Rate means each rate specified as such in the definition of the relevant Series in the applicable Final Terms, as determined by the Calculation Agent by reference to the Screen Rate (if any) unless in the determination of the Calculation Agent, a Market Disruption Event has occurred, in which case the Underlying Rate shall be calculated in accordance with Product Condition 4; and

Underlying Rate means the prevailing rate for deposits in the Underlying Currency with a designated maturity of either one month or overnight as determined by the Calculation Agent for each Day Count Fraction;

Underlying Rate means, in the case of periodic compensation under paragraph 5, 8, 11 or 15, the aggregate of–

Underlying Rate means each ISDA Rate, Screen Rate, CMS Rate or Variable Rate specified as such in the relevant Final Terms.

Underlying Rate means, for Fallback Rate (EuroSTR), EuroSTR.

Underlying Rate means, in the case of periodic compensation under paragraph 3…, the aggregate of—

Underlying Rate means, if the Applicable Fallback Rate is: (i) Fallback Rate (SONIA), SONIA; (ii) Fallback Rate (SARON), SARON; (iii) Fallback Rate (SOFR), SOFR; (iv) Fallback Rate (EuroSTR), EuroSTR; (v) Fallback Rate (TONA), TONA;