Worst Performance definition

Worst Performance means Final Reference Price divided by Initial Reference Price in respect of the Reference Item(k) for which such ratio is lowest

Worst Performance means the worst performance of the relevant Basket Components as determined by the Calculation Agent, with the performance of each Basket Component being calculated by division of the corresponding Final Fixing Level by the corresponding Initial Fixing Level.

Worst Performance means, in respect of a ST Valuation Date, the Performance for the Reference Item(s) with the lowest or equal lowest Performance for any Reference Item in the Basket in respect of such ST Valuation Date.

Examples of Worst Performance in a sentence

• Otherwise the redemption of the Product will depend on the value of the Underlying with the Worst Performance, as described in section “Redemption”.

• Therefore, the Investor could lose the total capital invested if the Barrier Event has occurred and if the value of the Underlying with the Worst Performance falls to zero.

• The Worst Performance corresponds to the lowest of all so calculated values, as determined by the Calculation Agent.

• If the Final Fixing Level of the Underlying with the Worst Performance is at or below the respective Strike Level, the Investor will receive a round number (i.e. Conversion Ratio) of the Underlying with the Worst Performance per Product.

• The quotient is formed by dividing the Worst Performance (final) by the Strike.If a Barrier Event has occurred, the Redemption Amount will not be greater than the Nominal Amount.With regard to the payment of the Redemption Amount, the performance of each Basket Component is formed by dividing the respective Final Reference Pricei by the respective Initial Reference Pricei.

• The quotient is formed by dividing the Worst Performance (final) by the Strike.

• The Worst Performance (final) will be the lowest value of such quotient.Additional definitions and product termsBarrier Event means that the Worst Performance (b) on the respective Barrier Observation Date is lower than the Barrier Level.With regard to the determination of a Barrier Event, the performance of each Basket Component is formed by dividing the respective Reference Pricei on the Barrier Observation Date by the respective Initial Reference Pricei.

• If a Barrier Event has occurred, the redemption of the Product will depend on the value of the Underlying with the Worst Performance, as described in section “Redemption”.

• If the Final Fixing Level of the Underlying with the Worst Performance is above the respective Strike Level, the Investor will receive a Cash Settlement in the Settlement Currency equal to: Denomination Initial Fixing Level Final Fixing Level Worst Performance Barrier Event Official close of the respective Underlying on the Initial Fixing Date on the Related Exchange, as determined by the Calculation Agent.

• The Security Holder receives delivery of the Basket Component with the Worst Performance (final) in a quantity expressed by the Ratio per Security applicable for such Basket Component.

More Definitions of Worst Performance

Worst Performance means the value as determined by the Calculation Agent in accordance with the following formula: FinalIndexLevel InitialIndexLevel

Worst Performance means the lowest percentage value of the Underlying Performance for each Underlying observed on the Determination Date;

Worst Performance means Final Reference Price divided by Initial Reference Price in respect of the security, among those described in provision 36, for which such ratio is lowest

Worst Performance means the Index Return in respect of the Worst Performing Index.