Worst Performing Underlying Asset definition
Worst Performing Underlying Asset means, in respect of a scheduled trading day, the Underlying Asset with the lowest Asset Performance on such day. "Asset Performance" means, in respect of an Underlying Asset and any day, the closing price of such Underlying Asset on such day divided by its Initial Price.
Worst Performing Underlying Asset means the Underlying Asset with the lowest Underlying Asset Return, provided that if two or more Underlying Assets have the same lowest Underlying Asset Return, then the Issuer shall determine, in its discretion, which Underlying Asset shall be the Worst Performing Underlying Asset and such Underlying Asset shall be deemed to be the Worst Performing Underlying Asset.
Worst Performing Underlying Asset means the Underlying Asset with the lowest performance calculated as follows:
More Definitions of Worst Performing Underlying Asset
Worst Performing Underlying Asset means, in respect of any day, the Underlying Asset with the lowest Asset Performance for such day.
Worst Performing Underlying Asset means, in relation to an Underlying Asset and a Valuation Date, the Underlying Asset that has an official closing price or level that is less than the Strike Price, as determined by the Calculation Agent, provided that where more than one Underlying Asset has an official closing price or level that is less than the Strike Price, the Calculation Agent shall select which of the Underlying Assets shall be the Worst Performing Underlying Asset.
Worst Performing Underlying Asset means, in relation to a Scheduled Trading Day, the Underlying Asset with the lowest Performance_ER on such day, provided that, in each case, where more than one Underlying Asset has the same lowest Performance_ER price, or in respect of an Index, the level, of the Underlying Asset, the Calculation Agent shall select which of the Underlying Assets with the same lowest Performance_ER shall be the Worst Performing Underlying Asset.
Worst Performing Underlying Asset means the Underlying Asset with the lowest Underlying Asset Return, provided that if two or more Underlying Assets have the same lowest Underlying Asset Return, then the Issuer shall determine, in its
Worst Performing Underlying Asset means the Underlying Asset with the lowest Asset Performance on the Final Valuation Date. Status of the SecuritiesThe Securities are direct, unsubordinated and unsecured obligations of the Issuer and rank equally among themselves. Description of restrictions on free transferability of the SecuritiesThe Securities are offered and sold outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act and must comply with transfer restrictions with respect to the United States. Securities held in a clearing system will be transferred in accordance with the rules, procedures and regulations of that clearing system. Subject to the foregoing, the Securities will be freely transferable. Where will the Securities be traded? Application is expected to be made by the Issuer (or on its behalf) for the securities to be admitted to trading on the multilateral trading facility of EuroTLX managed by Borsa Italiana S.p.A. What are the key risks that are specific to the Securities? The Securities are subject to the following key risks:
Worst Performing Underlying Asset means, in relation to a Scheduled Trading Day, the Underlying Asset with the lowest Performance on such day, provided that, in each case,
Worst Performing Underlying Asset means, in respect of a scheduled trading day, the Underlying Asset with the lowest Asset Performance on such day.