Worst Performing Index definition

Worst Performing Index means the Index for which the performance is the lowest in accordance with the definition of WOfinal

Worst Performing Index means, unless otherwise specified in the applicable Final Terms, in respect of a Basket of Indices and a specified date "t" (the Valuation Date or any other date specified as such in the relevant Final Terms), the Index which gives rise to the lowest percentage as determined by the Calculation Agent in accordance with the following formula: Sk Min t k=1toX  Sk  Initial Where:

Worst Performing Index means, in respect of any Scheduled Valuation Day, the Index for which the Level of the Index on such day divided by Initial Index Level for such Index is lowest, and, in respect of any Averaging Period, the Index for which the performance of the Index (as calculated on the basis of the arithmetic average of the Level of the Index on each relevant Averaging Date) divided by Initial Index Level for such Index is lowest;

Examples of Worst Performing Index in a sentence

• In relation to a basket of Indices, the Calculation Agent will take the Index Performance of the worst performing Index (the "Worst Performing Index Performance") in the relevant basket in order to make the necessary calculations.

• The Index Performance or Worst Performing Index Performance on an Auto-Call Valuation Date is a percentage representing any appreciation or depreciation in the relevant Index or worst performing Index on an Auto-Call Valuation Date in comparison to the initial level of the relevant Index or the worst performing Index comprised in a basket of Indices.

• If "Worst of Provisions" are specified as applicable the Value or Level of the Basket and/or the Final Value or Final Index Level of the Basket will be calculated on the basis of the Worst Performing Share, Worst Performing Index or Worst Performing Fund Interest, as applicable, in the relevant Basket, as if the Basket is constituted of only such Share or Index, as applicable.

• If more than one Index has the same percentage, the Calculation Agent shall determine which Index is the Worst Performing Index in its sole and absolute discretion.

• Therefore, an investor will be entitled to an amount on redemption equal to the principal amount of the Note multiplied by the Worst Performing Index Performance.

More Definitions of Worst Performing Index

Worst Performing Index means the Index having the lowest Index Performance, provided that if any of the Indices has the same Index Performance, the Calculation Agent shall determine which Index shall constitute the Worst Performing Index.

Worst Performing Index means, with respect to the Valuation Date, the Index which gives rise to the lowest percentage as determined by the Calculation Agent in accordance with the formula that is set out in the relevant Pricing Supplement; and

Worst Performing Index means the Index(i) with the lowest performance based on the following formula:

Worst Performing Index means the Index for which the performance is the lowest in accordance with the definition of WOfinal Barrier Period: Not applicable Trigger Event: In respect of an Index, the Final Index Level per Index (at least one), as determined by the Calculation Agent, is less than the Trigger Level Trigger Level: 60 per cent. of the Initial PriceKnock-in Event: Knock-out Event:Not applicable Not applicable

Worst Performing Index means, in respect of a Coupon Trigger Valuation Date, Automatic Early Redemption Valuation Date or the Final Valuation Date (as applicable), the Index for which (x) the closing level of such Index on such date divided by (y) its Initial Index Level is lowest.

Worst Performing Index means, in respect of the Valuation Date, the Index with the lowest Index Performance on the Valuation Date, as determined by the Calculation Agent. In the event that two or more Indices have the same lowest Index Performance on the Valuation Date, then the Calculation Agent shall determine in its sole and absolute discretion which of such Indices shall be the Worst Performing Index, and such Index as so selected shall be deemed the Worst Performing Index.

Worst Performing Index means the Index with the Worst Performance.INDEX DISCLAIMERSFTSE 100 INDEX These Securities are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE") or by The London Stock Exchange Limited (the "Exchange") or by The Financial Times Limited ("FT") and none of FTSE, the Exchange or FT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE 100 (the “Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated solely by FTSE. However, none of FTSE, the Exchange or FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of FTSE, the Exchange or FT shall be under any obligation to advise any person of any error therein. FTSE™" and "Footsie™" are trade marks of London Stock Exchange Limited and The Financial Times Limited and are used by FTSE International Limited under licence.S&P 500 INDEX