Definizione di Underlying Reference

Underlying Reference is as defined in Condition 16.7 and 34.9(b); "Underlying Reference Level" is as defined in Condition 34.9(b); "Underlying Share" is as defined in Condition 2.1;

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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. Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date. Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Italian Securities Reference Price in respect of such day;

Examples of Underlying Reference in a sentence

• Applicable Final Terms may specify that the relevant Issuer will not provide post-issuance information in relation to the Underlying Reference.

• Certain entities within the Group or its affiliates (including, if applicable, any Manager) may also engage in trading activities (including hedging activities) relating to the Underlying Reference or Reference Entity and other instruments or derivative products based on or relating to the Underlying Reference or Reference Entity of any Securities for their proprietary accounts or for other accounts under their management.

• Leverage involves the use of a number of financial techniques to increase the exposure to an Underlying Reference, and can therefore magnify both returns and losses.

• While the use of leverage allows for potential multiples of a return (assuming a return is achieved) when the Underlying Reference moves in the anticipated direction, it will conversely magnify losses when the Underlying Reference moves against expectations.

• Underlying The Underlying Reference is as set out in the table below.

More Definitions of Underlying Reference

Underlying Reference is as set out in item 26 (a) below;

Underlying Reference. Initial means as set out in Specific Provisions for each series above.

Underlying Reference is as defined in Condition 16.6 and 34.9(b);

Underlying Reference. Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date. In respect of the Strike Date: Where:

Underlying Reference is as set out in item C.20 below; "Underlying Reference Closing Price Value" means, in respect of a SPS Valuation Date, the Italian Securities Reference Price in respect of such day; “SPS Valuation Date” means the SPS Redemption Valuation Date; “SPS Redemption Valuation Date” means the Redemption Valuation Date; "Underlying Reference Strike Price" means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value on the Strike Date. In respect of the Strike Date: "Underlying Reference Closing Price Value" means, in respect of a SPS Valuation Date, the Italian Securities Reference Price in respect of such day; Where: “SPS Valuation Date” means the Strike Date. Strike Date means 25 July 2014 Provisions for the purposes of determining the Knock-in Event Konck-in Event is applicable. If the Knock-in Value is less than the Knock-in Level on the Knock-in Determination Day "Knock-in 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 item C.20 below; "Underlying Reference Closing Price Value" means, in respect of a SPS Valuation Element Title Date, the Italian Securities Reference Price in respect of such day; "SPS Valuation Date" means the Knock-in Determination Day; “Knock-in Determination Day” means the Redemption Valuation Date “Underlying Reference Strike Price” means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date. In respect of the Strike Date: “Underlying Reference Closing Price Value” means, in respect of a SPS Valuation Date, the Italian Securities Reference Price in respect of such day; Where: “SPS Valuation Date” means the Strike Date “Knock-in Level” means 60%; “Strike Date” means 25 July 2014 “Redemption Valuation Date” means 25 July 2018. Automatic Early Redemption If on any Automatic Early Redemption Valuation Date an Automatic Early Redemption Event occurs, the Securities will be redeemed early at the Automatic Early Redemption Amount (if any) on the Automatic Early Redemption Date Automatic Early Redemption Event: If on any Automatic Early Redemption Valuation Date the SPS AER Value is greater than or equal to the Automatic Early...

Underlying Reference is as set out in § 26 (a);

Underlying Reference. Strike Price is as set out in Specific Provisions for each series above.