Worst Performing Underlying Security definition

Worst Performing Underlying Security means the Underlying Security with the lowest ratio of Final Closing Price to Initial Closing Price.
Sample 1Sample 2Sample 3
Worst Performing Underlying Security means the Underlying Securities with the lowest ratio of Final Price to Initial Price.
Sample 1

Examples of Worst Performing Underlying Security in a sentence

  • In this example, the Underlying Security of the iShares® S&P/TSX Global Gold Index ETF is the Worst Performing Underlying Security, with an Initial Closing Price (Xi) of $21.20 and Final Closing Price (Xf) of $14.20.

  • In this example, since the Underlying Security of the iShares® S&P/TSX Global Gold Index ETF is the Worst Performing Underlying Security with a Final Closing Price of $16.96, which is above its Protection Barrier Price of $14.84, the Final Redemption Amount per Security is equal to $100.00.

  • The core thesis is that it is possible to reduce the adverse environmental impact of products if firms change their business models and customers revise their conceptions of ownership.

  • The normal feed stock used for a continuous digesting process contains 50% saw mill chips and 50 % softwood chips from pine wood.

  • In this example, the Underlying Security of the iShares® S&P/TSX Capped Energy Index ETF is the Worst Performing Underlying Security, with an Initial Closing Price (Xi) of $7.20 and Final Closing Price (Xf) of $4.97.

  • In this example, National Bank of Canada is the Worst Performing Underlying Security, with an Initial Closing Price (Xi) of $65.31 and Final Closing Price (Xf) of $42.45.

  • In this example, since the Underlying Security of the iShares® S&P/TSX Capped Energy Index ETF is the Worst Performing Underlying Security with a Final Closing Price of $6.12, which is above its Protection Barrier Price of $5.04, the Final Redemption Amount per Security is equal to $100.00.

  • In this example, the Underlying Security of the Technology Select Sector SPDR® Fund is the Worst Performing Underlying Security, with an Initial Closing Price (Xi) of US$147.91 and Final Closing Price (Xf) of US$112.83.

  • Xf / Xi) - 1) x $100.00 (($78.20 / $68.00) - 1) x $100.00 = $15.00 If the Return of the Worst Performing Underlying Security is positive but lower than $30.60, the Aggregate Return per Security is an amount equal to the Partial Principal Repayment Amount of $30.60.

  • In this example, National Bank of Canada is the Worst Performing Underlying Security, with an Initial Closing Price (Xi) of $60.34 and Final Closing Price (Xf) of $34.40.

Related to Worst Performing Underlying Security

  • Performing Mortgage Loan Any Mortgage Loan or Serviced Pari Passu Companion Loan that is not a Specially Serviced Mortgage Loan.

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Non-Performing Second Lien Bank Loans means Second Lien Bank Loans other than Performing Second Lien Bank Loans.

  • Non-Performing High Yield Securities means High Yield Securities other than Performing High Yield Securities.

  • Non-Performing Equipment Note means an Equipment Note issued pursuant to an Indenture that is not a Performing Equipment Note.

  • Non-MERS Eligible Mortgage Loan Any Mortgage Loan other than a MERS Eligible Mortgage Loan.

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.

  • Non-Performing Loans means, with respect to any Bank Subsidiary at any time, the aggregate principal amount (including any capitalized interest) of all nonaccruing loans of such Bank Subsidiary plus the aggregate principal amount of all loans of such Bank Subsidiary that are ninety (90) days or more past due and still accruing minus the Guaranteed Loan Amount of such Bank Subsidiary, in each case at such time.

  • MERS Eligible Mortgage Loan Any Mortgage Loan that has been designated by the Servicer as recordable in the name of MERS.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Performing Serviced Mortgage Loan A Serviced Mortgage Loan that is not, and is not part of, a Specially Serviced Loan or REO Loan.

  • LIBOR Replacement Date has the meaning specified in Section 3.03(c).

  • Non-Performing Assets means an asset classified as non-performing based on the instructions and guidelines issued by the Reserve Bank of India from time to time

  • Deficient Valuation Mortgage Loan Any Mortgage Loan that became the subject of a Deficient Valuation.

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Breakage Amount has the meaning set forth in Section 3.06 of the Series 2019-1 Class A-1 Note Purchase Agreement.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

  • Eligible Mortgage Loan means a Mortgage Loan (including a Wet Funded Loan) with respect to which each of the following statements shall be accurate and complete (and Borrower, by including such Mortgage Loan in any computation of the Borrowing Base, shall be deemed to so represent and warrant to the Lenders as of the date of such computation):

  • Minimum Lifetime Mortgage Rate The minimum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.

  • Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test.

  • Eligible Substitute Mortgage Loan With respect to a Mortgage Loan substituted by the Transferor for a Deleted Mortgage Loan, a Mortgage Loan which must, on the date of such substitution, (i) have a Principal Balance, (or, in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate Principal Balance), not in excess of, and not more than 10% less than the Principal Balance of the Deleted Mortgage Loan; (ii) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iii) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (iv) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Section 2.03 hereof; (vi) be the same credit grade category as the Deleted Mortgage Loan; (vii) have the same prepayment penalty term; and (viii) not be a Cooperative Mortgage Loan unless the Deleted Mortgage Loan was a Cooperative Mortgage Loan.

  • Group Annuity Contract means a master contract providing annuities to a group of persons under a single con- tract.

  • Fraud Loss Coverage Amount As of the Closing Date, $2,748,787, subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows: