Variable Coupon definition

Variable Coupon means the variable interest coupon which may be payable on the Principal Repayment Date in accordance with the Investment Return Condition;
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Variable Coupon means the amount, if any, payable on a Variable Coupon Payment Date as determined by the Calculation Agent in accordance with the Variable Coupon Formula. Variable Coupon Calculation Period” means the period from the Start Date until the relevant Variable Coupon Valuation Date.
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Variable Coupon means an amount equal to the Initial Deposit Amount multiplied by the Variable Coupon Rate.
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Examples of Variable Coupon in a sentence

  • This Note is a Fixed Rate Note, a Floating Rate Note, a Zero Coupon Note, a Variable Coupon Amount Note, a High Interest Note, or such other type of Note, in each case as is specified in the Constituting Instrument.

  • Corporate debt securities may bear Fixed Coupon or Fixed and Contingent Coupon or Variable Coupon and may involve equity features such as conversion or exchange rights or warrants for the acquisition of stock of the same or a different issuer (e.g. synthetic convertibles) or participation based on revenue, sales or profits.

  • This Note is a Fixed Rate Note, a Floating Rate Note, a Zero Coupon Note, a Variable Coupon Amount Note, a Long Maturity Note, an Interest Only Note (depending upon the basis for calculating interest specified in the Constituting Instrument) or such other form of Note as the Issuer and the Arranger may agree that the Issuer can issue under the Programme and shall have such other terms as are specified in the Constituting Instrument.

  • In the case of Notes which bear interest at a variable rate or rates ("Variable Coupon Amount Notes"), the dates on which interest shall be payable and the method of calculation of the interest payable on each such date shall be as set out in the relevant Final Terms.If any amount in respect of any Note which is non-interest bearing (a "Zero Coupon Note") is not paid when due, interest shall accrue on the overdue amount at a rate determined in accordance with the provisions of the relevant Final Terms.

  • This Note is a Fixed Rate Note, a Floating Rate Note, a Zero Coupon Note, a Variable Coupon Amount Note, a Long Maturity Note, an Interest Only Note (depending upon the basis for calculating interest specified in the Constituting Instrument) or such other form of Note as the Issuer and the Arranger may agree that the Issuer can issue under the Programme and shall have such other terms as specified in the Constituting Instrument.

  • In the case of Notes which bear interest at a variable rate or rates ("Variable Coupon Amount Notes"), the dates on which interest shall be payable and the method of calculation of the interest payable on each such date shall be as set out in the relevant Final Terms.

  • In the case of Notes which bear interest at a variable rate or rates ("Variable Coupon Amount Notes"), the dates on which interest shall be payable and the method of calculation of the interest payable on each such date shall be as set out in the relevant Pricing Supplement.

  • For the avoidance of doubt, such Variable Coupon Amount shall be paid by the Issuer in addition to the Interest Amounts otherwise payable by the Issuer under Item 19 (Floating Rate Note Provisions) of these Supplemental Terms and Conditions.

  • Interest Rate and Accrual)Condition 6.1 (Interest Rate and Accrual) shall be deleted and replaced with the following: 6.1 Interest Rate and Accrual The Notes are Variable Coupon Amount Notes.

  • If the bond is already in the index during the ex-dividend period, the Variable Coupon Adjustment Factor equals the coupon amount.


More Definitions of Variable Coupon

Variable Coupon means a rate of interest equal to the Index Performance, subject to a minimum payment of 0.0% and a maximum payment of 22.5%.
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Variable Coupon means the amount, if any, payable on a Variable Coupon Payment Date as determined by the Calculation Agent in accordance with the Variable Coupon Formula.
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Variable Coupon means the sum determined in accordance with clause 2.3 and is the sum of the Accrual Coupon and the Step-Up Coupon;
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Variable Coupon means on each Variable Coupon Payment Date, an amount per Deposit Note equal to the greater of (i) zero and (ii) the product of $100 and the Reference Portfolio Adjusted Return.
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Related to Variable Coupon

  • Variable Charge means the charge that varies according to kgtm and is calculated in accordance with the formula set out in paragraph 2.2.1, summed across all Services;

  • Variable Costs means the Train Operator’s costs which vary as a result of a Category 3 Disruption, a Relevant Cancellation or a Relevant Service Variation (as the case may be) arising directly from changes in train mileage including staff, maintenance, fuel or electricity costs, and the Variable Charge.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Zero Coupon Note means a Note specified as such in the relevant Final Terms.

  • Variable Account means the account established for a member who participates in the

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • variable means a quantitative or qualitative representation of a property characteristic used in a valuation model

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

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  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.68%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Coupon means any interest coupon appertaining to a Bearer Security.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Weekly Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Weekly Rate.

  • Coupon Barrier Value means, in respect of a ST Coupon Valuation Date, Worst Value.

  • Index Linked Note means an Index Linked Interest Note and/or an Index Linked Redemption Note.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Variable Return means a percentage calculated as follows:

  • Coupon Rate has the meaning set forth in Section 2.8.

  • Weekly Rate means the rate of interest on a Group of 2024 Series A Variable Rate Bonds described in Section 301 of Appendix A hereto.

  • Variable Priced Equity Linked Instruments shall have the meaning ascribed to such term in Section 4.13.

  • Coupons means the bearer coupons relating to interest bearing Bearer Notes or, as the context may require, a specific number of them and includes any replacement Coupons issued pursuant to the Conditions;

  • Zero Coupon Bond Any debt security that by its terms (a) does not bear interest for all or part of the remaining period that it is outstanding, (b) provides for periodic payments of interest in Cash less frequently than semi-annually or (c) pays interest only at its stated maturity.

  • Fixed Rate Notes Together, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Asset Backed Notes (the "Class A-2 Notes"), Class A-3 4.30% Asset Backed Notes (the "Class A-3 Notes"), Class A-4 4.36% Asset Backed Notes (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes"), Class B 4.52% Asset Backed Notes (the "Class B Notes"), Class C 4.72% Asset Backed Notes (the "Class C Notes") and Class D 6.76% Asset Backed Notes (the "Class D Notes" and, together with the Class A Notes, the Class B Notes and the Class C Notes, the "Notes"), are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class A-1 Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. Interest on and principal of the Notes will be payable in accordance with the priority of payments set forth in Section 8.2 of the Indenture.

  • Fixed Rate Note means a Note on which interest is calculated at a fixed rate payable in arrear on a fixed date or fixed dates in each year and on redemption or on such other dates as may be agreed between the Issuer and the relevant Dealer(s) (as indicated in the applicable Final Terms);