Examples of Upper Barrier in a sentence
If the Coupon Valuation Price does not meet the Lower Barrier Criteria with respect to the Lower Barrier (if specified as applicable in the relevant Final Terms) and the Upper Barrier Criteria with respect to the Upper Barrier (if specified as applicable in the relevant Final Terms) on the relevant observation date(s), n will be zero.
Bottom-up / Top-down Warrants entail the risk that the Reference Price of the relevant Underlying may never or only on a few days during the Reference Period be above the applicable Lower Barrier or below the applicable Upper Barrier.
If the Coupon Valuation Price does not meet the Lower Barrier Criteria with respect to the Lower Barrier (if specified as applicable in the applicable Final Terms or Pricing Supplement) and the Upper Barrier Criteria with respect to the Upper Barrier (if specified as applicable in the applicable Final Terms or Pricing Supplement) on the relevant observation date(s), n will be zero.
The "Lower Barrier" and the "Upper Barrier" shall be the prices set out in § 2 paragraph 2.
A knock-out event will occur if the price of the Underlying is observed at or below the Lower Barrier or at or above the Upper Barrier at any time during the Observation Period (including any time within a single business day).