Worst Performing Share definition

Worst Performing Share means, in respect of a Coupon Payment Date, the Share with the lowest Share Return in respect of such Coupon Payment Date, as determined by the Calculation Agent (provided that if two or more Shares have the same lowest Share Return in respect of a Coupon Payment Date, then the Calculation Agent shall determine which such Share shall be the Worst Performing Share in respect of such Coupon Payment Date in its sole and absolute discretion, and such Share shall be the Worst Performing Share in respect of such Coupon Payment Date).

Worst Performing Share means the Share with the lowest Share Return, as determined by the Calculation Agent (provided that if two or more Shares have the same lowest Share Return, then the Calculation Agent shall determine which such Share shall be the Worst Performing Share in its sole and absolute discretion, and such Share shall be the Worst Performing Share).

Worst Performing Share means, in respect of any Scheduled Valuation Day, the Share for which the Price of the Share on such day divided by Initial Share Price for such Share is lowest, and, in respect of any Averaging Period, the Share for which the performance of the Share (as calculated on the basis of the arithmetic average of the Price of the Share on each relevant Averaging Date) divided by Initial Share Price for such Share is lowest. 2. Disrupted Days 2.1 If the Calculation Agent determines that the Strike Date, any Valuation Date or any Observation Date, as the case may be, in respect of the relevant Underlying is a Disrupted Day, then the Strike Date, such Valuation Date, or such Observation Date, as the case may be, in respect of such Underlying only shall be the first succeeding Scheduled Valuation Day in respect of such Underlying that is not a Disrupted Day, unless each of the eight Scheduled Valuation Days immediately following the original date that, but for the determination by the Calculation Agent of the occurrence of a Disrupted Day, would have been the Strike Date, such Valuation Date or such Observation Date, as the case may be, in respect of such Underlying is a Disrupted Day. In that case:

Examples of Worst Performing Share in a sentence

• 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.

• Worst Performing Share means, in respect of a Valuation Date, the Share having the lowest (or equal lowest) Performance for such Valuation Date, as determined by the Calculation Agent.

• Automatic Early Redemption If the Reference Value in respect of the Worst Performing Share in respect of an Automatic Early Redemption Valuation Date is greater than or equal to Automatic Early Redemption Price, the Notes will be automatically redeemed at 120% of par.

• In summary, if the Reference Value of the Worst Performing Share in respect of the last Interest Valuation Date is greater than or equal to 60%, the Notes will be redeemed at par.

• Unless previously redeemed, the Final Redemption Amount will be determined by the Calculation Agent on Valuation Date6 as follows: • if the Final Level of the Worst Performing Share on Valuation Date6 is strictly below the Knock In Barrier: N * Max [50%;Perf (Worst Performing Share)].

More Definitions of Worst Performing Share

Worst Performing Share means the Share with the lowest Share Performance in respect of the Final Valuation Date. If two or more Share have an equal lowest Performance the Calculation Agent in its sole discretion will select any of such equal lowest Shares as the Worst Performing Share.

Worst Performing Share means the Share(i) with the lowest performance based on the following formula: Final Share Level(i) / Initial Share Level(i). If there is more than one Share(i) with the lowest performance, the Determination Agent shall determine the Worst Performing Share in its sole discretion.]

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

Worst Performing Share means the Share with the lowest performance of all the Shares, calculated as follows:V(i)Final V(i)InitialProvided that where more than one Share has the same lowest performance, the Determination Agent shall in its sole discretion select which of the Shares with the same lowest performance shall be the Worst Performing Share.

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

Worst Performing Share means the Share on the Determination Date with the lowest Percentage. (b) Purchase The Issuer and any of its Subsidiaries may at any time purchase the Instruments in the open market or otherwise at any price. Any Instrument so purchased may, at the option of the purchaser, be held, resold or surrendered for cancellation.

Worst Performing Share means the Share with the lowest Reference Value in respect of a relevant Interest Valuation Date.