Return on derivative securities. See Element C.8 above for the rights attaching to the Securities.
Return on derivative securities. The return on the Securities will derive from: the Coupon Amount(s) payable (if any); and unless the Securities have been previously redeemed or purchased and cancelled, the payment of the Redemption Amount on the scheduled Maturity Date of the Securities. COUPON AMOUNT(S) The Securities shall bear interest at the rate of 7.2 per cent. per annum. Interest will accrue from, and including, the issue date to, but excluding, the Maturity Date, such interest being payable in arrear on each Interest Payment Date. The Interest Payment Date(s) will be each of 19 April 2018 and 19 April 2019. Each Coupon Amount shall be paid in the Settlement Currency on the relevant Interest Payment Date following conversion at the FX Rate on the relevant Valuation Date. The Coupon Amount(s) payable (if any) shall be rounded down to the nearest transferable unit of the Settlement Currency. Where: Valuation Date: in respect of each Interest Payment Date, two FX Business Days before such Interest Payment Date. FX Rate: in respect of a relevant day, the EUR/RUB exchange rate (determined by the Issuer as the product of USD/RUB exchange rate multiplied by USD/EUR exchange rate). REDEMPTION AMOUNT Unless the Securities have been previously redeemed or purchased and cancelled, the Issuer shall redeem the Securities on the Maturity Date. The Issuer shall redeem the Securities on the Maturity Date at the Redemption Amount, which shall be an amount rounded down to the nearest transferable unit of the Settlement Currency equal to: an amount in EUR determined by the Issuer by converting the Nominal Amount into EUR at the relevant FX Rate on the Valuation Date corresponding to the Maturity Date and payable in EUR. Where: FX Business Day: means, in respect of an FX Rate, a day on which commercial banks are open for business (including dealings in foreign exchange in accordance with the practice of the foreign exchange market) in each of the Specified Financial Centres for such FX Rate, and to the extent that the reference currency or the base currency is the euro, a TARGET Business Day. FX Rate: in respect of a relevant day, the EUR/RUB exchange rate (determined by the Issuer as the product of (a) USD/RUB exchange rate multiplied by (b) EUR/USD exchange rate). Nominal Amount: RUB 350,000 Specified Financial Centre: Moscow and New York City Valuation Date: in respect of the Maturity Date, two FX Business Days before the Maturity Date, subject to adjustment.
Return on derivative securities. See Element C.8 above for the rights attaching to the Securities. See Element C.9 above for information on premium amounts. Settlement The Certificates will be automatically exercised on the Exercise Date. Upon automatic exercise each Certificate entitles the Holder to receive on the Exercise Settlement Date a Cash Settlement Amount equal to the Final Payout. The "Final Payout" is an amount equal to: Notional Amount multiplied by the SP Payout SPS Payout means SPS Autocall Standard Securities: A) If FR Barrier Value is greater than or equal to the Final Redemption Condition Level: 100% + FR Exit Rate; or B) If FR Barrier Value is less than the Final Redemption Condition Level and no Knock-in Event has occurred: 100% + Coupon Airbag Percentage; or C) If FR Barrier Value is less than the Final Redemption Condition Level and a Knock-in Event has occurred: Min (100%, Final Redemption Value). Element Title Where: Notional Amount means EUR100 FR Exit Rate means FR Athena Up Rate; FR Athena Up Rate means : Min (Max (FR Floor Percentage, FR Gearing x (FR Value – FR Strike Percentage) + FR Spread), FR Cap Percentage) + FR Constant Percentage FR Floor Percentage means 0%; FR Gearing means 200%; FR Strike Percentage means 100%; FR Spread means 0%; FR Cap Percentage means 50%; FR Constant Percentage means 0% FR Value means the Underlying Reference Value; Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price; Underlying Reference is as set out in Element C.20. Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price or the Italian Securities Reference Price in respect of such day; SPS Valuation Date means the SPS FR Valuation Date; SPS FR Valuation Date means the Redemption Valuation Date; Redemption Valuation Date means 8 January 2019; Coupon Airbag Percentage means 0%; Underlying Reference Strike Price is as set out in Specific Provisions for each series above. Final Redemption Condition Level means 100% Final Redemption Value means the Underlying Reference Value; Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant...
Return on derivative securities. See Element C.8 Return on the structured notes will be calculated based on the following payoff formula: Autocall New Chance (details on the formula and figures Element Title above)