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

• Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Worst Performing Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

• On the Final Valuation Date, the Final Index Level of the Worst Performing Index is at or above its Protection Barrier Level.

• Otherwise, if on the Valuation Date, the Calculation Agent determines that the final performance of the Worst Performing Index is less than 100 per cent.

• Unless the Notes have been redeemed early, the Notes will be redeemed at scheduled maturity at their nominal amount if, on the Valuation Date (as defined herein), the Calculation Agent determines that the final performance of the Worst Performing Index (as defined herein) is greater than or equal to 100 per cent., or if a the final performance of the Worst Performing Index is lower than 100 per cent.

• 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.

More Definitions of 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 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 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 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

Worst Performing Index means the Index with the lowest ratio of Final Index Level to Initial Index Level.